Bad Debt Protection: The return of Austin Reed

We previously wrote about Austin Reed calling the administrators in around the same time BHS went into liquidation, which would have resulted in many of their creditors suffering bad debts. However, Austin Reed is set to return to the high streets following Edinburgh Woollen Mill Group purchasing the brand from the administrators back in May. They relaunched the brand online introducing the autumn/winter collection.

Credit Insurance: Familiarity breeds a false sense of security

James Earley, a sales account manager at CMR recently met with one of his clients to go through the renewal of their credit insurance policy. Nothing unusual there as we always visit our clients on at least an annual basis to make sure the credit insurance policy is fully understood and that we fully understand their business and its needs.

Credit Insurance: UK Manufacturing

UK manufacturing seems to be heading in the right direction as according to a new survey its activity hit a two and a half year high last month. The Markit/CIPS purchasing managers' index (PMI) for this sector increased to 56.1 in December from 53.6 the month before. Anything over 50 indicates growth. The survey found that the weaker pound has helped boost orders from overseas as we suggested in a previous blog.

The key findings from the survey were:

Our Managed Credit Insurance Policy

We know what you’re all thinking, it’s just another company saying they’re better than their competitors and they will promise you the world. However this is not the case. We would just like to enlighten you as to how a credit insurance policy can help reduce the risk of a bad debt destabilising your business. Great timing following a report by Direct Line for Business that suggested £5.8billion was written off in the last financial year by SMEs (small to medium enterprises)…that’s correct, that’s not even all businesses!

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