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WHAT CHECK DO YOU CARRY OUT WHEN YOU EXTEND CREDIT TO A NEW CUSTOMER?
ACF offers Company Status Reports and Companies House information via our online credit management system.
You can access UK and European companies including Limited Companies, PLC's, Partnerships and Sole Traders.
Also available are Company Director search reports and details of resignations, current directorships and company details.
- On-line access to credit status reports giving you real time credit limits and risk score.
- Our reports cover:
- credit ratings - county court judgements
- latest trading figures - director's details
- share capital structure - bankers
- company and industry specific comparisons
- auditors' qualifications - cash flow reports
- and much more.
- There is a package for you within our credit management system or let one of our account managers tailor one to your specific requirements.
Why not call us today on: 01480 471615
you can email us at: info@angliancommercialfinance.co.uk
or use our online contact form
BIG RISE IN FIRMS ON BRINK
There has been a record rise in UK businesses in severe financial distress as companies find it almost impossible to navigate the challenges they face according to an insolvency specialist. The number of businesses showing signs of critical stress rose by 50.2% quarter on quarter to 46853 in the final three months of 2024.Begbies Traynor said. Its red flag alerts showed that construction companies were facing the most significant challenges with 6830 businesses showing signs of critical distress. Consumer sectors also reported a jump of 76% in financial for the leisure sector and 48% in general retailing.
UNEMPLOYMENT RISES
The number of job vacancies has fallen to its lowest level in more than three years and unemployment has risen signalling that businesses reined in hiring after Rachel Reeves October budget. Wages also accelerated to a six month high before the Bank of England next interest meeting. Figures from the Office for National Statistics showed that the number of vacancies fell by 24000 to 81200 in the three months to December from the previous quarter the lowest volume since the three months to May 2021
BUSINESS FAILURES HIT 30 YEAR HIGH
Business failure hit a 30 year high of 25,158 last year as owners struggled to keep up with interest rates, rising costs and customers cutting spending. That may rise this year, with the Centre for Economics and Business Research forecasting that 33,000 companies will fail, but official figures suggested the upward annual trend may have peaked.
COSTS THREATEN ZOMBIE FIRMS
Tens of thousands of so- called "zombie" companies will fall prey to rising interest rates and inflation in the coming months according to the boss of Begbies Traynor. Ric Traynor, executive chairman of the insolvency specialist, predicted that highly indebted companies that have only managed to cling on thanks to cheap borrowing costs will fall over the next 18 months.