| This Week's News - 17 April 2014 |  Late Payment causes 20% of insolvencies
Late payment by customers for goods and services is a primary or major factor in one-in-five corporate insolvencies, says R3, the insolvency trade body.
A ComRes survey of R3 members also found that 47% of corporate insolvency practitioners had seen at least one instance of late payment being a primary or major factor in a business’ failure in the last year.
Liz Bingham, R3’s president, says: “Even if a business has a great business model and great products and services, it won’t actually be profitable or successful until it gets paid for what it sells. Late payment is a threat that... Read more here... |
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 Booking for CCR-interactive 2014 is now open! Now in its 8th year, the event will again feature the key elements that have made it such a success. So book before 31 May to claim yourEarly-Bird Discount.
To book your place, please contact Alison on 01702 341948 or atalison@ccrmagazine.co.uk. Or for more details on how you can be a part of the day, contact Gary on 07785 268404 or gary@ccrmagazine.co.uk.
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♦ UK business distress hits record low
A record low of 33% of British businesses are showing signs of business distress. R3 has tracked five key indicators of business distress since March 2012 – including decreasing profits, sales volumes, or market... |  |
♦ Number of 'financially vulnerable' British households rises
A major global study of financial consumer sentiment has shown the number of financially vulnerable households continues to rise with 22% (2012: 21%) now deemed ‘financially vulnerable’ and just 9%... |  |
♦ DWP Criticised For Statistics Use (CCR-PS APP)
MPs have criticised the Department For Work And Pensions for a series of rule breaches in which official statistics were used to inaccurately, inappropriately, or to 'spin' stories about benefit claimants.. |  |
♦ Know your employees and understand your weaknesses
Cases of fraud committed inside an organisation (by the people an organisation should be able to trust most – its employees) rose by 18% in 2013 compared with 2012. This is the first of many findings... |  |
♦ G20 Vow To Boost World Growth (CCR World APP)
The world's largest economies have vowed to boost world growth by increasing investment and increasing employment, while agreeing to more transparency about monetary policy, after rifts over.. |  |
♦ Countdown to new mortgage lending rules – FCA guide
In two weeks the way people in the UK get a mortgage will change. New rules from the Financial Conduct Authority (FCA), which come into force on 26 April 2014, will make sure a common sense approach is... |  |
♦ Lack of Easter in March helps online sales
Online sales of Non-Food products in the UK grew 12.8% in March versus a year earlier. In March 2013, they had increased by 6.2% over the previous year.... |  |
| ♦ Camden Council Rolls Out New Data Platform (CCR-PS APP) |
| ♦ Strong job figures must be used to consolidate recovery |
| ♦ Finalising the Banking Union: European Parliament backs Commission’s proposals |
| ♦ Gross mortgage lending increases 37% year-on-year |
| ♦ Commitment To Safer Payments (CCR World APP) |
| ♦ Life outside London - What's the market like if we ignore the Capital? |
| ♦ Responsible lending is vital to sustained growth in motor finance |
| ♦ Reference Files For Enforcement (CCR-PS APP) |
| ♦ Fall in inflation will help maintain stable business environment |
| ♦ Consumer Price Inflation, March 2014 |
| ♦ War Of Worlds On Worcester Debt (CCR-PS APP) |
| ♦ House Price Index, February 2014 |
| ♦ Research shows Northern England bearing the brunt of UK repossessions |
| ♦ Businesses urged to maximise export opportunities |
| ♦ Bank industry needs reform before it takes control of housing boom |
| ♦ Bank accounts for all – Sharon Bowles |
| ♦ Improvement In Jobs? (CCR-PS APP) |
| ♦ UK mortgage lending continues strong year-on-year growth |
| ♦ Landlords remortgage ahead of potential rate rises |
| ♦ BRC statement on review into the administration of business rates |
| ♦ Court Case For Former Advisor (CCR-PS APP) |
| ♦ Construction output "exacerbating the housing crisis" |
| ♦ Vince Cable: £100m to support domestic supply chains and create new jobs |
| ♦ ECON Super Tuesday |
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| This Week's Appointments And Updates |
| ♦ Rima Awad joins Marston from Infosys |
| ♦ City and Guilds accredit JBW's training program for the 6th year running |
| ♦ 1st Credit recognised for ‘exceptional’ customer service |
| ♦ CSA shortlisted in MemCom Awards |
| ♦ Commercial Bank of Qatar adopts Experian’s PowerCurve™ Strategy Manager |
| ♦ Lowell Group creates 60 new jobs and moves to bigger offices |
| ♦ Exporters should expect to deal with overseas debt Lovetts warns businesses |
| ♦ Emma Wilson joins Hoist Finance UK (HFUK) as head of operations |
| ♦ Provenir comment on "The delicate balance of lending" |
| ♦ First National Bank texts customers to cut fraud |
| ♦ FICO takes analytics-based approach to boosting portfolio profitability |
| ♦ EndeavourUK Training company launch Level 3 Certificate |
| ♦ CBW boosts its Corporate Recovery and Insolvency team |
| ♦ SFP completes sale of UK Inks Limited |
| ♦ Senior appointment for Winterhill Largo |
| ♦ Perth and Kinross Credit Union launch |
| ♦ Debt Resolution Forum offers free software package to help with move to FCA |
| ♦ Investec Asset Finance acquires Mann Island Finance |
| ♦ Genworth comments on today's mortgage lending figures for March 2014 |
| ♦ MarketInvoice celebrates delivering £150m of working capital to UK business |
| ♦ Avoid Windows XP security risks by outsourcing online payments |
| ♦ NS&I win Celent ‘Highly Commended Bank’ award with Sopra Banking Software |
| ♦ Hope Capital appoints Head of Business Development |
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