List of Companies in Administration

The following companies went into administration between 26th March and 2nd April 2012.

If you have a credit insurance policy and one of your customers enters administration, you should notify the loss immediately, so that your claim can be dealt with swiftly.

Key Catering Plc administration. Credit insurance food for thought.

We spoke to a company this week that had previously asked us for a quotation for credit insurance but decided not to proceed as they felt that they had a ‘blue chip’ customer list.

One of their larger customers was Key Catering Plc, whom they had a good trading relationship with and felt that they were one of their better credit risks.

Credit easing scheme to provide loans for SME’s announced

The government has announced their new scheme to help small and medium sized enterprises. £20 billion is being made available for cut price loans to SME businesses with a turnover of up to £50M.

The National Loan Guarantee Scheme may be extended further, as £40 billion has been put aside for it.

Lloyds, RBS, Barclays and Santander are believed to have signed up to the scheme, although HSBC and Co-op bank have not signed as they say that they have access to funds at better rates already.

Planning the future of your business?

We had an interesting meeting the other day with Colin Harvey of Castle Corporate Finance, who advises owner managers on business development and structural change, planning for and implementing future succession plans, which may include a sale, management buy-out, or growth of the business by acquisition.