With construction accounting for 17% of all company insolvencies, credit management tools must evolve to protect margins and drive new sales. By Emma Reilly FCICM, CEO… Continue Reading
Why businesses still hesitate to claim what they’re legally owed. By Phillip King FCICM I had the privilege of hosting a joint Top Service/CICM webinar a few weeks ago in which we explored the issue of claiming statutory late payment interest and compensation. It’s a subject that fascinates me, so I thought I’d share some […]… Continue Reading
With UK SMEs carrying £26bn in late payment debt, credit departments must trade outdated ledgers for real-time intelligence. While the early months of the year were dominated by discussions surrounding the long-term “structural reset” of the construction industry, the dynamics on the ground have shifted rapidly. As we move through the second quarter, immediate external […]… Continue Reading
In the construction sector, project margins are tight, and insolvencies can trigger a devastating domino effect down the supply chain. A main contractor, sub-contractor, or materials supplier failing mid-project can stall a build and leave you facing severe bad debt. As part of your membership with us, you have unlimited access to our Construction Credit […]… Continue Reading
With construction accounting for 16% of all UK business failures, relying on yesterday’s static data is an active threat to contractor survival. The UK construction industry isn’t just navigating standard economic cycles; it is undergoing what analysts call a permanent “structural reset.” For credit management departments and finance directors, relying on yesterday’s data to make […]… Continue Reading
Construction remains the most exposed sector as England and Wales company failures rise 2% month-on-month. Overview Registered company insolvencies in England and Wales ticked upward in April 2026. This increase sustains the financial pressures we saw at the end of the first quarter. The Insolvency Service recorded 2,085 registered company insolvencies in England and Wales […]… Continue Reading
The latest figures from the Insolvency Service show that company insolvencies rose in March 2026, following a quieter start to the year. There were 2,022 company insolvencies in England and Wales, up 7% on February (1,895) and broadly in line with March 2025 (1,995). This increase comes after four months where insolvency levels were lower […]… Continue Reading
Charging statutory late payment interest and compensation is your right, but applying it consistently and successfully can feel complex. Join: For this practical CICM webinar: Charging statutory late payment interest and compensation – practical tips for success This session combines legal clarity with real-world experience. You’ll gain:✔️ Clear guidance on the legal framework✔️ Practical collection […]… Continue Reading
Construction remains most exposed as insolvency levels ease compared to last year Overview The latest figures from the Insolvency Service paint a mixed picture for businesses across England and Wales. There were 1,878 company insolvencies in February 2026, up 7% on January (1,749) but 7% lower than February 2025 (2,015). While insolvencies have ticked up […]… Continue Reading
As the financial year approaches its close, many finance teams review their ledgers with one goal in mind: cleaning them up before year-end. Outstanding balances that appear unlikely to be recovered are often written off so the books look tidy. But while writing off debt may simplify reporting, it isn’t always the best commercial decision. […]… Continue Reading
