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.
|
|
18 Jun 2008
Credit people have been talking about the credit crunch and it's potential fallout since last autumn, but despite all the gloom and doom merchants around, the impact is still not being felt in the general market to the level that was anticipated. Okay, credit insurers are reporting that claims are going up, and so is debt collection work, but any substantial increase in liquidations figures are conspicuous by their absence so far. This was also confirmed this morning when I spoke to one of the leading insolvency practitioners- any significant increase in workload hasn't come through yet.
Let's hope this is all good news, but most credit experts are sticking to their assessment that we may all be in for a period of more difficult trading and risk conditions lasting between 12 and 24 months. Are we therefore experiencing the calm before the storm?
Visitor comments
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