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Credit insurance

a recent July 2015 article in Construction News highlights the financial stress that firms in the construction sector have suffered in recent months, a fact borne out by a spike in the number, and size, of failures in the sector that has seen credit insurers settle some very large claims in 2015.

http://www.cnplus.co.uk/8686792.article?WT.tsrc=email&WT.mc_id=Newsletter16

for information on credit insurance in the construction sector, please email david@prophetgroup.com or call us on 0845 456 8838.

Credit insurance

Atradius - Country Report USA - April 2015

Credit insurance

On 29th March, the Insolvency Service published UK insolvency statistics for Q1 2015 to March.

  • Total company insolvencies in England and Wales were at their lowest level since Q4 2007.
  • Creditors’ voluntary liquidations were at their lowest level since Q2 2008. However, compulsory liquidations increased for the first time since Q1 2014.
  • The number of administrations increased on the previous quarter but were down on the year, while receiverships and company voluntary arrangements both declined to their lowest level since Q4 2007.

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Credit insurance

AIG UK have launched a revolutionary new trade credit product for businesses with annual sales between £10M and £50M.

Offering “ground up” cover and non-cancellable insurer credit limits, and linked to the policyholder’s accounting package, AIG Trade+ continually monitors debtor payment performance and applies for higher insured limits where needed and reports late payers to the insurer automatically.

For more information, and to obtain a quote, please contact David Encell on 0845 456 8838.