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Trade credit insurance offers a level of certainty in an uncertain economic climate

With UK insolvencies rising and ongoing uncertainty in parts of the economy, increasing numbers of businesses are taking out trade credit insurance to protect themselves against the risks associated with selling goods and services on credit. It’s an area that TL Dallas is an expert in, and we’re currently supplying trade credit insurance to clients […]

Our Credit Insurance team welcome new members

Bringing a total of 30 years’ experience to the company, Jonathan Grant and Sandie Cater-Wright join our Credit Insurance team in Bradford’s headquarters. The appointments follow a period of growth we’ve seen in this division, which is expected to continue into 2022. Joining from Bibby as a Trade Credit Account Handler, Sandie brings extensive experience […]

The real value provided by credit insurance

New unsecured creditor figures illustrate the value of trade credit insurance. New research by InfolinkGazette has indicated that the recent failures of Pretty Green Limited, Freemont Ltd, British Midland Regional Limited (t/a Flybmi), Better Bathrooms, Ubercasual Limited (t/a Jack & Jones), Blenheim Homes North East Limited, El Ganso (Acturus Retail (UK) Ltd),

Kier Group KIE share price lowest since the 1990’s

December 2018 signified a share price of 409p and yet June 2019 evidenced a crash all the way down to 161p. Is it a case of ‘Kitchen Sinking’? With a new Chief at the helm, Andrew Davies has signified the company’s falling profits, rising debt and higher costs in one swift move. Perhaps he is being more pragmatic in his findings since undertaking the role in March this year, coming in and seeing things in a harsher, realistic light. However, it’s not uncommon for a new boss to portray a dark picture soon after arriving, to then depict themselves as saviours to investors on the precarious path ahead.

No deal no British Steel

Greybull offered a mere £1m to save the company whilst requesting £75m from the Government which was subsequently reduced to £30m. There’s a culmination of problems facing the steel industry at the moment, with the value of sterling, coupled with European/US Trade Tariff’s causing uncertainty.

The importance of credit risk protection

This article recently published in Construction Enquirer highlights the impact that bad debts and insolvencies can have on suppliers.
Proline, reported to be owed vast sums, have placed the business into administration – highlighting the need for credit risk protection.

Trade credit insurers pay out a record £1 million a day to help UK firms stay afloat

Whatever you hear about Credit Insurance underwriters reducing risk exposure, the reality is that exposure has increased significantly over the last decade and the other side of this can be seen in the claims now being paid. An interesting article as this represents the collective experience which is the reality of what all in the industry are experiencing right now. Not a time for the feint hearted!