15-03-2024

Atradius Sector Report from December 2023

- Attis Credit Solutions 

15-03-2024

UK Insolvency insights

- PwC

2023

Export advice and assistance: https://bakering.global/

If you export, please visit Baker Ing for country updates and advice on collecting debt overseas. Please contact Sarah or Lisa below: - 

Sarah Ing:  sarah@bakering.global 

Lisa Baker-Reynolds:  lisa@bakering.global 

Caseboard - Search 100,000+ High Court cases in England

We bring together public court documents, hearing and judgments in the English High Court into a searchable litigation intelligence tool.

https://caseboard.io/

22/04/2021:

Pre Pack changes (effective from 30/4/21):

Corporate Insolvency & Governance Bill

https://www.legislation.gov.uk/ukdsi/2021/9780348220421/regulation/13

A summary of the proposed regulatory framework is in the PFD below: -

https://1drv.ms/b/s!ArSlva9jxk70hJl36pM89X_tKcI7kA?e=6Exvcr

https://www.dropbox.com/s/an9e4ubi8skd6mm/Pre%20Pack%20changes%20effective%20from%2030th%20April%202021.pdf?dl=0

Darren Myers, PwC | Creditor Markets Team | Manager

Email: darren.myers@uk.pwc.com

29/11/2021

Monthly High Street Sales Tracker - October 2021 Report

The Tracker splits out performance across the following sectors:

Fashion: accessories, clothing, footwear
Lifestyle: general household goods, gifts, health & beauty, leisure goods
Homewares: cookware, furniture & floor coverings, lighting, linen & textiles
Non-store: sales through the internet and mail order.

https://www.bdo.co.uk/en-gb/high-street-sales-tracker/home

26/11/2021

Retail and Consumer Goods

Regular updates and articles for the retails sector from PwC

https://www.pwc.co.uk/industries/retail-consumer/insights.html

20/11/2021

Visma | Onguard

Invitation to online Session - "Breakaway from Risk"

The pre-season is looming, is your organisation prepared?

 Thursday 25th November 2021 at 12:00BST

 Sign up for the session

Andy Bass: andrew.bass@onguard.com

19/11/2021

PwC - Festive Predictions

How, where and what are shoppers spending on Christmas and Black Friday this year?

https://pwc.to/2ZuxIXg

lucy.e.fulmer@pwc.com

10/11/2021

Atradius Update: Industry Trends Construction October 2021

Focus on sector business performance and credit risk

https://1drv.ms/b/s!ArSlva9jxk70hLxkBklzq9G0QuJqFg

https://www.dropbox.com/s/vux1m94dg5nrnnp/Atradius%20industry-trends-construction-2021.pdf?dl=0

bhav.chandegra@aon.co.uk

01/11/2021

UK Trading Post Pandemic and Brexit Q3 2021

we have today published a UK paper, written by Markus Kuger, Economist, that explores the difficulties posed by both Brexit and the pandemic. Any questions, please contact me: Lisa Baker, Director, Baker Ing

https://1drv.ms/b/s!ArSlva9jxk70hLxla7w4dyp485RCng

https://www.dropbox.com/s/0f08swectd9mvnh/UK%20Trading%20Post-Pandemic-Brexit-final.pdf?dl=0

lisa@bakering.global 

www..bakering.global

21/10/2021

Grand Reopening: An uneven recovery

Economic update from Euler Hermes - 15th September 2021

https://1drv.ms/b/s!ArSlva9jxk70hLoZ_dVmr1OWnu0aMg?e=N4uHQw

https://www.dropbox.com/s/cweuhlwnumr4fda/EH%20Economic%20Update%2015.09.21.pdf?dl=0

bhav.chandegra@aon.co.uk

21/10/2021

Construction sector update from Nexus - September 2021 

https://1drv.ms/b/s!ArSlva9jxk70hLoYl0teRXdfOeCNig?e=8dgVsj

https://www.dropbox.com/s/iyqkr2p1a0kadk8/Nexus-TradeCreditUpdate-Construction-September2021.pdf?dl=0

bhav.chandegra@aon.co.uk

20/10/2021

New Winding up process from 1st October 2021

Here is an article explaining the new winding up process from 1st October 2021

https://www.macfarlanes.com/what-we-think/in-depth/2021/restrictions-on-winding-up-petitions-beginning-of-the-end/

17/10/2021

PwC Consumer Sentiment Survey - Autumn 2021

Consumer caution: Sentiment still strong but will new realities dampen Golden Quarter optimism?

https://www.pwc.co.uk/industries/retail-consumer/insights/consumer-sentiment-survey.html?WT.mc_id=CT2-PL200-DM2-TR3-LS4-ND30-TTA9-CN_ConsumerSentimentAutumn

16/10/21

Euler Hermes: European food retailers - The bitter digital aftertaste of the Covid-19 legacy

https://www.eulerhermes.com/en_global/news-insights/economic-insights/European-food-retailers-The-bitter-digital-aftertaste-of-the-Covid-19-legacy.html

16/10/2021

UK supermarkets are losing hundreds of millions of pounds in profits as they are left “overexposed” to the higher costs associated with online grocery.

https://www.chargedretail.co.uk/2021/10/11/uk-supermarkets-losing-hundreds-of-millions-in-profits-thanks-to-online-grocery-shift/

14/09/2021

Fraudulent companies shut down after abusing COVID loan support

Two companies who fraudulently applied for thousands of pounds worth of COVID support loans have been wound up in the courts.

https://www.gov.uk/government/news/fraudulent-companies-shut-down-after-abusing-covid-loan-support

08/09/2021

PwC Retail and consumer goods update -

Store openings and closures

https://www.pwc.co.uk/industries/retail-consumer/insights/store-openings-and-closures.html?WT.mc_id=CT2-PL200-DM2-TR3-LS4-ND30-TTA9-CN_SOACH121

lucy.e.fulmer@pwc.com

07/09/2021

PwC Construction Sector Insights: Thought Piece

https://www.dropbox.com/s/09lqomke4o1oxpd/Construction%20Sector%20Insights-Thought%20piece%20Sept%2021.pdf?dl=0



lucy.e.fulmer@pwc.com

02/09/2021

Please find our USA & Europe Hospitality & Accommodation reports.

If anyone has any queries or questions regarding the reports, myself and the Economist team will be pleased to help.  Also, should members have any issues with default accounts, Sarah and I would be pleased to have a conversation with them around how Baker Ing can mediate and resolve non-payments.

Hospitality and Accommodation in Europe Q2 2021

https://1drv.ms/b/s!ArSlva9jxk70hLAj0tFBnYp-GsW1WA?e=tbXwex

https://www.dropbox.com/s/pbjlv9718hw75dd/Hospitality%20and%20accom%20in%20Europe%20Q2%2021.pdf?dl=0

Hospitality and Accommodation in USA Q2 2021

https://1drv.ms/b/s!ArSlva9jxk70hLAi4SvXSkcL3koPXA?e=PfBkTt

https://www.dropbox.com/s/sop722dzy85i5u8/Hospitality%20and%20accom%20in%20USA%20Q2%2021.pdf?dl=0

lisa@bakering.global

bakering.global

25/08/2021

Question: Higher number of business start-ups in 2021?

Many thanks to Lucy for finding the article below in relation to there being more start-ups and this PwC piece which talks about why start-ups and VC's are leading the way post Covid. 

 https://www.pwc.com/gx/en/services/entrepreneurial-private-business/small-business-solutions/startups-and-venture-capitalists-tackle-worlds-crises.html

https://startups.co.uk/news/lockdown-new-business-boom/

lucy.e.fulmer@pwc.com

25/08/2021

Consumer Sentiment Survey - Summer 2021

Latest Bulletin from PwC:

Consumer confidence rises again as shoppers wait for normality to return

Link to our consumer sentiment survey taken June 2021:

https://pwc.to/2QVVaFg 

lucy.e.fulmer@pwc.com

18/08/2021

Self-Billing Clause for Credit Insurance Policies

Please click link for the full wording: -

https://1drv.ms/b/s!ArSlva9jxk70hLAhP32NHe-N_rYgpg?e=dkF7tw

https://www.dropbox.com/s/sypm3zotyrm1dp6/Self%20Billing%20Clause%20for%20Credit%20Insurance%20Policies%20Aug%2021.pdf?dl=0

 amanda.marshall@aon.co.uk

22/07/2021

Q2 2021 Market Insights

AON's Credit Solutions

https://insights.aon.com/aons-credit-solutions-q2-2021-insights/market-situation-update/

Bhav Chandegra | Strategic Sales Director | Aon Commercial Risk Solutions

t  +44 (0)121 253 3094 | m +44 (0)7766 775756

bhav.chandegra@aon.co.uk

22/07/2021

Trade Credit: Sector Update - Retail

Tokio Marine HCC

Trade Credit: Sector Update - Retail - Tokio Marine HCC (tmhcc.com)

Mark Smith   Business Development Director   Aon Commercial Risk Solutions

 t: +44 07775 227693
mark.g.smith@aon.co.uk

01/07/2021

June 2021 - Economic Snapshot - provided by BHETA

https://mailchi.mp/bheta-updates.co.uk/hwjv6bsqrn?e=d7addf5047

17/06/2021

PwC Ireland Podcast

'PwC Ireland's insights into the hot topics in the business world and what they mean for your business and the nation.'

https://podcasts.apple.com/ie/podcast/the-pwc-ireland-podcast/id1434296382

darren.myers@uk.pwc.com

17/06/2021

Government extends business support measures further

The Government further extended the suspension on statutory demands and winding up petitions until 30- September 2021 - see link below for confirmation. 

https://www.gov.uk/government/news/government-extends-business-support-measures

In addition, the Government has also extended the commercial rent moratorium until 25 March 2022, although there will likely be legislation introduced before that to deal with unpaid rent arrears where businesses had to remain closed due to restrictions. The key elements of their proposal are: 

• A further extension to the moratoriums to allow time for the Government to legislate to put in place a binding arbitration scheme. 
• An expectation that most outstanding cases will be agreed before such a scheme kicks in. 
• The extension applies to all businesses, but the new measures that will be introduced by primary legislation will only cover those impacted by closures. This is not clearly defined but we understand is meant to apply to businesses subject to government restrictions on trading. 
• This means that rent debt accumulated before March 2020 and after the date when relevant sector restrictions on trading are lifted, will be actionable by landlords as soon as the tenant protection measures are lifted. 
• Government to develop ‘principles for arbitration’ to set out the framework for the arbitration process. The arbitration process will be delivered by private arbitrators but in accordance with guidelines which will be set out in the legislation, and they will have to go through an approval process to prove their impartiality. 

Lucy E Fulmer, PwC | Deals | Head of Creditor Markets Team

Telephone: 07525 298788 - Email: lucy.e.fulmer@pwc.com  http://www.pwc.com

01/06/2021

May 2021 - Economic Snapshot - provided by BHETA

https://mailchi.mp/bheta-updates.co.uk/m7gf1jk591?e=d7addf5047

01/06/2021:

Trade Credit Reinsurance Scheme ending on 30th June 2021

Note from Bhav at AON: You may have already seen the news, the Government scheme will come to an end on the 30^th June as planned. Thought it was important to share with the forum members, the insurers are confident of a smooth transition as the scheme winds down but some credit limits will be impacted.

https://www.gov.uk/government/news/update-on-the-trade-credit-reinsurance-scheme

Bhav Chandegra | Strategic Sales Director | Aon

t  +44 (0)121 253 3094 | m +44 (0)7766 775756

bhav.chandegra@aon.co.uk

01/06/2021:

Allianz Global Insurance Report - 2021

Bruised but not broken

Amanda Marshall | Client Director - Aon Credit Solutions

t + 44 (0) 207 086 0220 | m + (0) 7740 054 796

amanda.marshall@aon.co.uk

https://1drv.ms/b/s!ArSlva9jxk70hJ55JvXEOB9sx4TTSA

https://www.dropbox.com/s/02me21ysg3ptv6m/Allianz%202021_05_12_GlobalInsuranceReport.pdf?dl=0

01/06/2021:

UK & Ireland sector insights - Euler Hermes

In the latest edition of the sector updates for the UK, our risk team has prepared the latest industry trends for 15 sectors:

Bhav Chandegra | Strategic Sales Director | Aon

t  +44 (0)121 253 3094 | m +44 (0)7766 775756

bhav.chandegra@aon.co.uk

https://1drv.ms/b/s!ArSlva9jxk70hJ54-GLo2C_T7hNaEA

https://www.dropbox.com/s/96s0vsy7q8qnsem/Euler%202021-04%20Q1%20local%20sector%20updates.pdf?dl=0

28/05/2021:

Please see attached our Construction industry report which covers the Latam region.

Please can you ask if they would welcome this report for the EMEA and US regions? Also, are there any other specific feeds of information that they would like to see included in these reports as we look to enhance them?

If the members have any queries or questions, they are very welcome to contact me.

Best Regards, Lisa Baker-Reynolds MCICM, Director, Baker Ing

 e: lisa@bakering.global | w: bakering.global m: +44 (0)771 702 0659

 https://1drv.ms/b/s!ArSlva9jxk70hJ56nFa-1e6Gvx9kCg

https://www.dropbox.com/s/r235648walxk5bt/Construction%20in%20LATAM%20Q1%202021%20Baker%20Ing.pdf?dl=0

13/05/2021:

Construction Update Q1 2021 - Nexus

https://1drv.ms/b/s!ArSlva9jxk70hJ0mGHjN9C8fqyJtBQ?e=Vj7jic

https://www.dropbox.com/s/yrizfattitjtwsf/Nexus%20Trade%20Credit%20Update-Construction-Q12021.pdf?dl=0

Bhav Chandegra, Strategic Sales Director, Credit Solutions, Aon 

bhav.chandegra@aon.co.uk

05/05/2021:

How a global leader automated its Credit Management

With an upcoming tidal wave of insolvencies, many companies want to look at automating their credit risk management processes.

But how do you get there, what routes can you follow?

30 minute webinar - Thursday 20th May 2021 - click below to register: -

https://www.eventbrite.co.uk/e/how-to-automate-credit-risk-management-a-success-story-tickets-152480012823

This is an AICDP event - for further information about AICDP : https://aicdp.global/

04/05/2021:

Economic Snapshot - March 2021

Useful monthly stats including Retail sales, GDB, Purchasing Managers Index, construction output etc.

https://mailchi.mp/bheta-updates.co.uk/0nbwqkz5hm?e=d7addf5047

www.bheta.co.uk

22/04/2021:

AON Credit Solutions Conference

We hosted our first ever virtual conference last year in December, the Credit Solutions Conference (or CSC20 as it was known). 

This conference was not only the first of its kind in our sector, but also gave us the ability to provide our guests with loads of interesting, insightful and important information. We now have housed all of the CSC20 content, every panel discussion or webinar is here for people to digest at their leisure. Please see link below, no log in required therefore easy on-demand access.

https://www.aon.com/unitedkingdom/products-and-services/risk-services/credit-solutions/conference.aspx

bhav.chandegra@aon.co.uk

22/04/2021:

Pre Pack changes (effective from 30/4/21):

Corporate Insolvency & Governance Bill

https://www.legislation.gov.uk/ukdsi/2021/9780348220421/regulation/13

A summary of the proposed regulatory framework is in the PFD below: -

https://1drv.ms/b/s!ArSlva9jxk70hJl36pM89X_tKcI7kA?e=6Exvcr

https://www.dropbox.com/s/an9e4ubi8skd6mm/Pre%20Pack%20changes%20effective%20from%2030th%20April%202021.pdf?dl=0

Darren Myers, PwC | Creditor Markets Team | Manager

Email: darren.myers@uk.pwc.com

21/04/2021:

Western Europe Economic Outlook - Baker Ing Publication

This is our first published edition of Western Europe from our ‘Global Outlook’ service. It was my colleague, Jas Sehmi, who comprised this report and I am pleased to advise that members are welcome to ask any questions around the data and information for us to reply and provide further information. Please do ask members to submit any questions they may have to either yourself or me directly.

This document shall be followed up with an Executive Summary report for Credit Management; providing relevant points of interest for Credit Managers in trading with these countries, insolvency predictions, current legal legislation and business information availability statistics, as well as personal feedback from practicing Credit Manager’s on how they are finding trading at the moment.

https://1drv.ms/b/s!ArSlva9jxk70hJl5QPn_DllWExn8Xw?e=pebS0p

https://www.dropbox.com/scl/fi/75203w4wwhm3h95px7y7v/Western-Europe-Economic-Outlook-Apr-2021-215983.docx?dl=0&rlkey=njjfcrisneviza22orf9oxkvn

Lisa Baker-Reynolds MCICM | Director, Baker Ing

lisa@bakering.global    www.bakering.global

09/04/2021:

Insolvency Update -2021: A turn of the tide in insolvencies

The latest insolvency update from Atradius - March 2021

https://1drv.ms/b/s!ArSlva9jxk70hJl4RAmxQT8csphPdw?e=PPzyhu

https://www.dropbox.com/s/z7k0ptl2zazjmxb/Atradius-Economic-Research-Insolvency-Forecasts-March-2021.pdf?dl=0

Bhav Chandegra, Strategic Sales Director, Credit Solutions, Aon 

bhav.chandegra@aon.co.uk

11/03/2021:

AON Credit Solutions Market Update - February 2021

Aon have recently published their latest market report which provides some really useful insights into the trade credit market.

https://1drv.ms/b/s!ArSlva9jxk70hJVdVWWWpBoiQ7j94g?e=fWNLrj

https://www.dropbox.com/s/94m4d712sgw4oif/AON%20Credit%20Solutions%20market%20update%20February%202021.pdf?dl=0

Aaron Hill  - aaron.hill@aon.co.uk

Amanda Marshall - amanda.marshall@aon.co.uk

11/03/2021:

Retail Update from Nexus - January 2021

Retail sales hit a record low in 2020, with the worst sales growth recorded since records began 25 years ago. The Covid-19 outbreak and subsequent lockdowns hit hard. The question now is – what next?

https://1drv.ms/b/s!ArSlva9jxk70hJVcwX_KdtvHLj6qwg?e=V4itKf

https://www.dropbox.com/s/ps7scgywliku5i9/TradeCreditUpdate-RetailJanuary2021.pdf?dl=0

Aaron Hill  - aaron.hill@aon.co.uk

Amanda Marshall - amanda.marshall@aon.co.uk

24/02/2021:

PwC Economic Report - February 2021

In our latest report, we analyse the UK's economic performance in Q4 and present our latest scenarios and projections for this year, including regional GDP projections. 

https://www.pwc.co.uk/premium/covid-19/uk-economic-update-covid-19.pdf

24/02/2021:

Monthly Economic Snapshot compiled by https://www.bheta.co.uk/

Including snapshot stats on Retail sales, GDP,  Mortgage Approvals, Construction Output etc.

https://mailchi.mp/bheta/february-2021-economic-snapshot?e=d7addf5047

22/02/2021:

Experian Credit Seminars

If you would like to attend our regular commercial credit webinars, please find more information and a link to register here

www.experian.co.uk/business/webinars/commercial-insight-webinar-series

18/02/2021:

Experian Insight Report ‘The New Commercial Credit Economy’

Here is what we are sharing with Partners at present to keep everyone up to date with Experian’s analysis of the UK commercial credit market during the covid-19 pandemic. Please find attached our latest Insight Report ‘The New Commercial Credit Economy’.

https://1drv.ms/b/s!ArSlva9jxk70hI09jqySvB-OdpbUXg?e=MoLRNM

https://www.dropbox.com/s/x3bzn7prozrk4em/New%20Commercial%20Credit%20Economy%20Paper%20Feb21.pdf?dl=0

Katya.Law@experian.com

18/02/2021:

Extension of Insolvency Measures

Measures from the Corporate Insolvency and Governance Act extended to relieve pressure on businesses dealing with coronavirus.

https://www.gov.uk/government/news/government-gives-businesses-much-needed-breathing-space-with-extension-of-insolvency-measures#history

lucy.e.fulmer@pwc.com

11/02/2021:

AON Credit Solutions Market Update - January 2021

Aon have recently published their latest market report which provides some really useful insights into the trade credit market.

https://1drv.ms/b/s!ArSlva9jxk70hIx5wSlD-PnJl2uAhA?e=h4ubqd

https://www.dropbox.com/s/g4wtliwgvmm48si/Aon%20Credit%20Solutions%20-%20January%202021%20Credit%20Insurance%20Market%20Report.pdf?dl=0

bhav.chandegra@aon.co.uk

11/02/2021:

Euler Hermes 2021-22 - Vaccine Economics - Global Outlook

https://1drv.ms/b/s!ArSlva9jxk70hIlSM56qdrjLbjujwg?e=8qlOgR

https://www.dropbox.com/s/25tag566rb6mb10/Euler%20Hermes%20-%202021_01_08_Vaccineeconomics.pdf?dl=0

11/02/2021:

Coface Country & Sector Risks Handbook 2021

Analysis and Forecast for 162 Countries and 13 Sectors

https://1drv.ms/b/s!ArSlva9jxk70hI0IPvaVz98nria4qw?e=iMWa8g

https://www.dropbox.com/s/c3098z26njc9faq/202102CofaceCountrySectorRisksHandbook2021EN.PDF?dl=0

21/01/2021:

HAYS: Covid-19, Brexit, Economic Uncertainty - What does it mean for Employment?

Find out by registering for our webinar on Tuesday 26th January at 11:00am

Registration (gotowebinar.com)

kabir.gulabkhan@hays.com

20/01/2021:

Country, sector and economic reports from Euler, Coface & Atradius 

Please see below for links from EHUK, Coface and Atradius with links to country, sector and economic reports (many thanks to : sally.williams@aon.co.uk)

Euler Hermes -

https://www.eulerhermes.com/en_global/economic-research.html

https://www.eulerhermes.com/en_global/economic-research/country-reports/Ireland.html

Coface -

https://www.coface.uk/Economic-studies

Atradius -

https://atradius.co.uk/publication-search/

14/12/2020:

Business evictions ban extended until March 2021

Business owners affected by the pandemic will be protected from eviction until the end of March 2021, Communities Secretary Robert Jenrick announced today

(9th December 2020).

https://www.gov.uk/government/news/business-evictions-ban-extended-until-march

22/10/2020:

Monthly Insolvency Statistics from the Insolvency Service

Now released monthly, company and individual insolvency statistics for England and Wales, and monthly company statistics for Scotland, throughout the remainder of the coronavirus (COVID-19) pandemic, and for a period thereafter.

https://www.gov.uk/government/collections/monthly-insolvency-statistics