A blog by Martin Williams, external affairs spokesman of Graydon UK, focusing on business risks - from fraud to late payment. Martin has has spent the last 35 years in the credit information industry, and has been with Graydon UK, one of the top five commercial credit agencies in the UK, for the last 20. Apart from his PR duties, he teaches credit analysis to risk professionals and helps educate SMEs on the importance of maintaining a good credit rating. Martin is a Fellow of the Institute of Credit Management and is a sitting member of the Institute's Think Tank. He was also honoured by Credit Today, after being included on their Credit 100 list of people who have had the greatest impact in the credit industry during 2008, 2009 and 2010.
|
|
15 Aug 2008
Back in June on this blog, I asked the question whether we were experiencing a calm before the storm, as the effects of the credit crunch, rising fuel and utility prices had yet to be seen in any insolvency stats etc.
However, like the weather we have been experiencing this summer, storm clouds are beginning to settle over corporate Britain too, and now government figures are bearing this out. The liquidation figures for the second quarter of 2008 in England and wales hit 3, 689- the worst quarterly figure for 5 years. A lot has to happen to reach the liquidation levels seen at the peak of the last economic downturn of 1992 (24, 425 liquidations in total), but the signs are pointing that way I'm afraid.
Looks like the weather ahead is not only good for ducks- insolvency practitioners and turnround specialists will also be advantaged by the poor conditions hovering over the country at present.
Visitor comments
Whoa!, it was a high excellent write-up. In theory I would like to write along these lines too - spending time and realistic effort to create a high-quality piece of content... unfortunately what can I say... I procrastinate a good deal and not seem to get something concluded
Posted by: Jolyn Vala , 25 Jul 2010
Every time I stumble upon a good post I usually do three things:
1.Forward it to my close friends.
2.Bookmark it in some of the best social sharing websites.
3.Make sure to visit the website where I first read the article.
After reading this post I am seriously concidering doing all of the above!
Posted by: forex , 14 Sep 2010
Frances Coppola on Sort out the credit sloths
TaxTeddy on EU ding dong over accounts filing Exemption
martin williams on Insolvency stats are head-scratchingly strange
Robert MMoore on Insolvency stats are head-scratchingly strange
slightly optimistic on PIGS Keep Europe in an Economic Trough
Search thousands of financial jobs:
Search thousands of financial jobs:
Adding your comment