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YOU CAN'T STOP YOUR CUSTOMER GOING BUST, BUT YOU CAN STOP THEM TAKING YOU WITH THEM | ||||||||||||||||||||||||||||||||||
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Credit insurance provides protection for your business against bad debts.
You are insured against your customer's insolvency, or protracted inability to pay you. Bad debt can be a reality for any company, large or small - no matter how good your credit control systems are. By building upon your existing credit control procedures credit insurance can give you the confidence to trade at higher levels, in new markets at home and overseas, or with businesses you would otherwise avoid. COVER CAN BE ARRANGED TO SUIT ALL SPECIFIC REQUIREMENTS ACF can arrange cover- whether you are looking to protect
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MORTGAGE LENDING The British Bankers Association said that the number of mortgages approved in July dropped to 33,698, 2.5% less than June. EUROZONE INDUSTRIAL ORDERS Official figures showed that industrial orders in the eurozone rose month-on-month by 2.5% in June for a 22.6% annual gain. BRITISH MANUFACTURING Production rose in July for the fourteenth consecutive month, adding to signs that the economic revival remains on track. The Markit/CIPS index slipped to 57.3 in July from 57.6 in June,well above the 50 mark that divides contraction from expansion. Manufacturers added to their workforce for a fourth consecutive month,while companies reported buoyant orders. UK HOUSE PRICES The price of a home dropped by 0.5% in July after stalling in June, figures from Nationwide showed. This was the first decline in price since February, taking the value of an average home to £169,347. UK CONSUMER CONFIDENCE The GFK/NOP gauge of confidence fell for the fifth consecutive month in July. The index dropped to -22 down from -19 in June, the lowest reading since last August. PRODUCTIVITY Official figures showed that output per worker rose by 1.3% in the first quarter, compared with a year ago. The manufacuring sector showed a rise of 7.5% in output per job. INFLATION Figures from the British Retail Consortium showed that shop price inflation fell to 1.5% in June from 1.8% in May. Food prices rose by 1.7% year on year, down from the 2.2% annual increase in May. UK SERVICES Britains service sector grew at the slowest pace in 10 months in June. The Markit/CIPS services purchasing managers headline activity index fell to 54.4 in June from 55.4 in May, but remained above the 50 figure that seperates expansion from contraction.
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