Bank Fashion & USC enter administration
The new year period is often a challenging month for some businesses and this year is no exception.
Two major fashion retailers have entered Administration already this year, first Bank Fashion Ltd and now West Coast Capital (USC) Ltd - a wholly owned subsidiary of the Sports Direct Retail Group.
Suppliers to these retailers will be anxious to mitigate any potential losses, and Atradius have produced creditor factsheets providing further advice.
Copies of the factsheets are available from us upon request, and CMR policyholders should contact us immediately to register their debts/claims.
Categories
Recent Articles
The Domino Effect: How a 10% Margin Loss Can Ripple Through Your Business
The Importance of Trade Credit Insurance in Turbulent Times
Understanding the Cost of Trade Credit Insurance
How Trade Credit Insurance Can Help Mitigate Business Risk
Demystifying Trade Credit Insurance: Common Myths and Facts