UK debt collections
JUNE 26, 2023
Insolvencies in the UK were low during the pandemic because of an £80 billion business loan programme and a temporary bar on court-ordered liquidations. Construction and retail are the hardest hit sectors PwC said construction and retail were the hardest-hit sectors, and the number of food manufacturers in trouble was also increasing.
UK debt collections
AUGUST 16, 2022
Adding further pressure to many companies is the repayment of the Government-backed Covid support loans granted to help them survive the pandemic. Sectors with the highest number of critically distressed businesses: Construction. General Retailers. Food & Drug Retailers. Support Services. Real Estate. Automotive.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Collection Industry News
DECEMBER 13, 2023
The increased use of buy now, pay later loans from providers like Klarna, Affirm (AFRM.O), PayPal (PYPL.O) Shoppers can purchase anything from a $3,253 Jil Sander leather tote bag marked 30% off from luxury retailer Farfetch (FTCH.N), to groceries from Walmart (WMT.N)
Nexa Collect
APRIL 11, 2021
Even industries that were doing well, such as commercial construction, transportation, biopharmaceutical research and development, found themselves forced to completely overhaul their operations at an unprecedented cost. drop from 2019. Source: US Bureau of Labor Statistics.
UK debt collections
NOVEMBER 4, 2022
The three industries that experienced the highest number of insolvencies in the 12 months ending Q3 2022 were: Construction (3,949, 19% of cases where industry-type was available); Wholesale and retail trade; repair of motor vehicles and motorcycles (2,910, 14%); Accommodation and food service activities (2,478, 12%). Industry view.
Collection Industry News
OCTOBER 21, 2022
Although less exposed to risky property loans than before the 2007-2008 global financial crisis, banks are already on alert for breaches in loan terms linked to an asset’s market value or the rental income relative to the debt secured on it, sources said. UK REITs are using less leverage now than before the financial crisis.
Troutman Sanders
DECEMBER 4, 2023
On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.
Expert insights. Personalized for you.
59 
Let's personalize your content