Monday 18 July 2011

"Insolvency rates for small companies down on last year"

Are you trading with a company that is facing insolvency? Prehaps you should contact us to fiond out? www.icepacc.com

Fewer UK firms with between 50 and 500 employees are failing now than at the same time last year, according to new data.

The insolvency rate among firms with 101 to 500 employees more than halved between June 2010 and June this year (from 0.17% to 0.08%), the Insolvency Index by information services company Experian found.

And businesses employing 51 to 100 employees saw failure rates drop from 0.23% in June 2010 to 0.19% last month.

Max Firth, managing director for business information services at Experian, said: "June's data indicates that the UK's business community as a whole is generally stable, however it also points to a change in circumstances for different sized businesses.

"The largest companies have experienced a turnaround in fortunes and now the larger mid-sized businesses are following suit with a significant improvement since last year."

The East Midlands was the region which improved the most (dropping from 0.11% to 0.09%), while the South West had the lowest rate of failures with just 0.07% of its business population becoming insolvent last month.

Businesses in the North West (up to 0.12%) and Scotland (up to 0.1%), on the other hand, both experienced an increase.

The rate of failure for UK businesses as a whole remained the same as last year at 0.09%.

Building materials and building and construction were the industries that fared worst, with failure rates of 0.27% and 0.18% respectively

This extract was taken from the London Evening Standard. All rights are reserved to the London Evening Standard

Monday 11 July 2011

Bespoke Credit Control Solutions

I Credit Enforcement in conjunction with the ICE PACC system can offer bespoke Credit Control to its Clients.

Our latest client has tailored his package so that we facilitate the following on his behalf.

• We have tailored his terms of service, so they are specific to his industry and facilitate both secured and unsecured credit.
• We raise all invoices on the Clients behalf and submit them with our company branding.
• All monies are paid into our Clients deposit account and then forwarded to the Client’s current account accordingly.
• All late payments are managed by I Credit Enforcement.
• All recovery costs are levied against the debtor
• The Client is able to track payment and account activity simply be accessing their account online.

Our Client is now able to focus on his business, whilst we effectively manage the credit control. Clients appreciate the professional and efficient approach that is both transparent and efficient through out.

If you would like an online demonstration that contact us directly.