UK at risk of recession as service sector shrinks

Business
UK at risk of recession as service sector shrinks 3rd October 2019. James Salmon, Operations Director. UK at risk of recession as service sector shrinks   A key indicator shows the UK’s dominant services sector experienced a sharp downturn last
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Boyes Rees Architects collapses due to late payments

Insolvencies
Boyes Rees Architects collapses due to late payments 27th September 2019. James Salmon, Operations Director. Boyes Rees Architects, a Welsh architecture practice  has ceased trading under the burden of late payments, leading to the loss of 40 jobs. Boyes Rees
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Construction industry output drops to a decade low

Business
Construction industry output drops to a decade low 4th September 2019. Credit Managers who supply to the construction industry will want to take note of the latest market data. The UK construction industry is contracting and combined with the latest
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Housebuilder enters administration

credit management
Housebuilder enters administration 20th August 2019. Housebuilder Newcourt Residential has collapsed into administration, with FRP Advisory, which is handling the administration, saying the company faced “severe cash flow issues” after a challenging period of trading. The news highlights how smaller
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Construction Body, Build UK cut average payment times to 40 days

credit management
Construction Body, Build UK  cut average payment times to 40 days Build UK members are continuing to improve the payment times for suppliers with the average time taken to settle bills by contractors  having fallen to 40 days. That represents
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