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.
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22 Jan 2008
Companies House has seen a significant increase in new business incorporations in the last two years. Around 800, 000 to be exact. But as an any credit analyst will tell you, the majority of companies that fail do so in their first two years of existence. So for a large number of new companies, the economic downturn and credit crunch have come at exactly the wrong time. Graydon will be keeping its eye on the liquidation statistics as they roll out through the year, and check to see just how many of the failures are newly incorporated concerns. Our assessment of the situation is that 2008 is not a good time to be young!!
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