Jessops Creditor Factsheet

Credit insurer Atradius have published a factsheet, offering advice for all creditors, and actions they should now take.

Please contact us if you would like a copy.

Jessops collapse into Administration

It has been confirmed that Jessops are in Administration, another high profile retail failure. A spokesman for Pricewaterhouse Coopers said, “Jessops is critically dependent on half a dozen suppliers. Absent their support it is difficult to see how it could trade,”

Jessops is estimated to have debts of £60m, including £30m of trade debt.

Jessops in Administration?

Reports in the press speculate that Jessops, the photographic retailer, are about to go into administration, marking yet another sad high profile failure on the High Street.

More here

Policyholders with outstanding debt on Jessops should contact us as soon as possible for further advice.

Atradius UK Economy - update

Credit Insurer Atradius recently gave a presentation on the UK economy.

Key points covered were;

- economic highlights of 2012
- how differing trade sectors are faring in the challenging economic climate
- reviewing key insolvencies; taking a look at private equity
- outlook for the Christmas trading period and beyond into 2013

Please contact us if you would like a copy of the presentation.