CICM

APRIL 5, 2022

In our latest guest blog, the Menzies LLP Creditor Services team look at what you should be doing when dealing with a company that has had previous insolvencies. You have been dealing with a customer that has now ceased to trade and they owe you money. Fair – fair to the creditors compared to other insolvency routes.

Trade 40

Trade Creditors Credit Management 40

CICM

OCTOBER 6, 2023

These challenges can range from minor issues, such as temporary cash flow problems due to delayed payments from creditors to more severe problems that can threaten the company’s solvency. This arrangement is typically overseen by a Licensed IP and requires approval from a significant majority of the company’s creditors.

Creditors 52

Creditors Debtor Bankruptcy Credit Management 52

NACM

OCTOBER 18, 2023

In the ever-changing atmosphere of credit management, credit professionals must be adaptable. Credit professionals can adapt by earning a designation through NACM's Professional Certification Program. After earning each designation, trade creditors are not only bu.

Credit Management 5

Credit Management Education Trade Creditors 5

CICM

JULY 13, 2021

In this week’s guest blog, the Menzies LLP Creditor Services team discuss the future of the Company Voluntary Arrangement (CVA) as an insolvency process and the impact it can have on different groups of creditors. Caroline Davenport, Business Recovery Manager. cdavenport@menzies.co.uk. 020 7465 1956.

Creditors 40

Creditors Trade Credit Management Debtor 40

CICM

JUNE 29, 2023

This will make it more challenging for businesses to fund the credit period, mainly if they are offering trade credit on a ‘free’ interest basis. Risk-Reward ratio The cost-of-living crisis, Brexit complexities and the COVID-19 pandemic have left many creditors more cautious about lending to higher-risk customers.

Lender 52

Lender Credit Management Trade Creditors 52

CICM

MARCH 4, 2021

The Enterprise Act 2002 came along, and we saw this abolished and replaced with the Prescribed Part – a pot of money ring fenced for the unsecured creditors. At the same time, it was seen as fairer because all the other unsecured creditors also received a slice. I hear you – who on earth are the floating charge creditors?

Unsecured Creditor 40

Unsecured Creditor Creditors Credit Management Banks 40

CICM

JUNE 9, 2021

While a successful vaccination programme is counterbalancing some negative effects from Brexit to a certain degree, an overall loss between GBP 12 bn and GPB 24 bn for 2021 is projected by global credit insurer Euler Hermes. How Insolvencies and Trade Disruptions Will Impact Credit Managers. Will goods be delayed?

Credit Management 40

Credit Management Trade Creditors Collections 40