The number of company insolvencies in December 2023 was 2% higher than in December 2022. The Insolvency Service has confirmed that the number of registered company insolvencies in December 2023 was 2,002, which is 2% higher than the same month in the previous year (1,965 in December 2022). This number is higher than the levels seen when the Government support measures were in place in response to the COVID-19 pandemic and is also higher than the pre-pandemic numbers.
January 2024
The number of company insolvencies in November 2023 was 21% higher than in November 2022. In their final statistics release for the year, the Insolvency Service confirmed 2,466 registered company insolvencies in November 2023. This figure is 21% higher than last November and 7% higher than the figures recorded in October 2023.
December 2023
The research conducted by AAG in 2022 revealed that 39% of UK businesses experienced cyber-attacks, resulting in an average cost of £4200. However, this also highlights the need for businesses to invest in cybersecurity measures and stay updated with the latest security protocols to mitigate these risks.
December 2023
As we approach the festive season, we would like to say a BIG thank you for your unwavering support throughout 2023 and are delighted to share our special opening times to make this Christmas season more convenient and enjoyable for our valued customers. 2023 was a remarkable year, thanks to the support of our fabulous customers and corporate partners.
December 2023
If you want to enhance your business credit profile or credit score, it is crucial to distinguish your business credit from your personal credit. Creating a distinct business entity can be beneficial in obtaining credit solely under your company's name. A business credit profile and credit score can benefit you in several ways.
December 2023
Credit scores are being used more frequently in the external market to evaluate the strength of businesses. This measure is becoming increasingly crucial for lenders and companies as it predicts a business's future stability. Therefore, potential suppliers, lenders, or customers may check your credit score before deciding whether and how to trade with your company.
December 2023
In a recent survey by Medius (in 2022), financial professionals estimated over £295,000 was lost to invoice fraud per business every year in the UK. Even more shocking is that 1 in 5 (20%) finance professionals were unaware or unable to estimate the cost of invoice fraud to their business. This lack of visibility is likely due to the complex paper trails plaguing the invoice process.
November 2023
CoCredo was delighted to be a finalist at this year’s Credit & Collection Technology Awards, shortlisted in two categories: Credit Reference & Information Solution Credit Risk Solution The Credit & Collections Technology Awards were launched in 2017 to reward technological innovation within the industry.
November 2023
CoCredo, a leading Credit Reference Agency in the UK for over 20 years, offers online company credit reports and monitoring services to businesses in the UK and abroad, helping to protect thousands of customers from bad debt. We are excited to announce the launch of our newly redesigned website, featuring a modern and refreshed look to enhance the user experience, welcoming both our existing and new customers!
November 2023
The monthly report by the Insolvency Service is an invaluable resource, providing crucial information on individuals and businesses facing financial difficulties and undergoing insolvency proceedings. Company Insolvencies In October 2023, the number of registered company insolvencies increased by 18% to 2,315 compared to the same month in the previous year (1,954 in October 2022).
November 2023
Embarking on the journey of setting up and running your own business can be an exciting and rewarding experience despite the challenges that may come your way. Operating a business in the United Kingdom entails numerous legal responsibilities and challenges. Business owners often need legal guidance on topics such as employment law, contracts, intellectual property, and regulatory compliance.
November 2023
Don't forget that you can keep up to date with us on our various social media outlets:
© Copyright CoCredo Ltd 2024 | Registered in England & Wales 05319965 | VAT Registration 878787434