The POWA lies with Credit Insurance

A company that David Cameron once described as one of Britain’s brightest tech start-ups has gone into administration. The company, POWA, was valued at over US$1billion (£694m) before it was to be floated on a Stock Exchange in 2015 and  you would be forgiven to think that you would not have to worry about their ability to pay their bills as when they fell due and certainly that they were not prime candidates to go into administration - the too big to fail concept.

Hedge your bets with Credit Insurance

With the Cheltenham Gold Cup week starting, risk is a good thing to be talking about. Would you gamble 40% of your income on one horse without knowing the form and some sort of protection? A money back guarantee perhaps? The bookies probably wouldn’t go along with this idea but effectively this is what credit insurance companies do. When you give a customer unsecure credit terms your gamble is that they will pay you when your invoices become due.

Trade Credit Insurance: It’s in the Bag

It has been reported that Nelson Packaging Limited has gone into administration and the new 5p charge for plastic bags has been blamed. Let’s look at the facts and find out how trade credit insurance could have protected the creditors!

Wales was the first UK nation to introduce the bag charges, followed by Northern Ireland and then Scotland.

A report in 2015 found the number of single-use carrier bags handed out by shops in Wales fell by 71% since charges were introduced in 2011.

Irish Pride bakers in receivership - Atradius pay millions in claims

Irish bakers Irish Pride went into receivership suddenly last month leaving many suppliers facing huge debts.

Atradius are paying substantial claims to some of their policyholders - read more about the case here

Credit insurance has no doubt saved some suppliers from facing the same fate themselves, and will continue to support them in trading with the new entity going forward.