In the second quarter of 2022 UK insolvencies hit a 13 year high – last beaten in 2009 in the middle of the global financial crisis. This is economic environment which demands highly proactive credit-control and collections activity to ensure you maintain cash-flow. Are your collections strategies recession ready? The number of company insolvencies in England and Wales hit a…
An overview of what is driving the current increase in UK energy administrations and what being caught in an energy administration means for consumers. The recent increase in wholesale global gas prices has had an impact on the cost of energy in many countries. The main factor driving these price increases has been the Russian…
4 key considerations to guarantee success when making the decision to outsource debt collection or credit-control. Whilst many larger businesses will use an outsourced partner to support their inhouse collections, some businesses still have concerns which prevent them making the decision to outsource debt collection or credit-control. Fear of potentially damaging those all-important customer relationships,…
In 2016 In 2016 GB Energy ceased trading, transferring their 160,000 customers to Co-operative Energy. This was the first energy supplier exit in eight years. Since then, a total of 22 energy suppliers have gone bust affecting over 4 million domestic consumers, with Green Network Energy and Simplicity Energy joining the ever-growing list in January…
