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LATE PAYMENT RIPPLE EFFECT IMPACTING ON OVER HALF UK BUSINESSES
Administrators seek secure future for Crediton residential care home
 
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Jul 4 2009
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Check out all the latest Credit and Collection Industry News, Articles, Reviews and Features from Business Credit Management UK. Our news items include - Business News, Credit Management Reports & News, Insolvency News, Company News, Merger News & Credit Events News.

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    LATE PAYMENT RIPPLE EFFECT IMPACTING ON OVER HALF UK BUSINESSES
    - 2 billion potential annual cost to economy
    - 2.38 million UK business owners stall payment to other parties to bridge late payment gap
    - For 1.35 million businesses, one late payment affects all other suppliers

    Late payment>>>> [Full Story]
      [Jul 3 2009 - 9:36:31 AM, by Paul Kinneir]
      
    Administrators seek secure future for Crediton residential care home
    Chantry Care Services, the Crediton based residential care home for adults with learning and physical disabilities, entered into administration on 1 July 2009. Chris Stevens and Ian Vickers, Client Partners at Vantis Business Recovery Servi>>>> [Full Story]
      [Jul 2 2009 - 4:46:29 PM, by John Arnold]
      
    Sale of Sea Scot Secures Future of Leading Shellfish Company
    The future of one of Scotlands leading suppliers of live shellfish, the Isle of Skye-based Sea Scot, has been secured following the sale of the business to a UK subsidiary of a leading Spanish seafood processing company.

    Sea Scot ha>>>> [Full Story]
      [Jul 2 2009 - 4:44:57 PM, by John Arnold]
      
    Profitability Monitor 2009 Q1
    Prepared by Roger Bootle, Economic Adviser to Deloitte.

    Profitability began to deteriorate last year, but the effects of the recession are now more clearly taking their toll. Although the near-term outlook for the economy has recentl>>>> [Full Story]
      [Jul 2 2009 - 4:41:01 PM, by John Arnold]
      
    Banks must grasp the nettle and start lending to business
    The latest Bank of England Credit Conditions Survey has revealed that lending to businesses did not increase as much as expected in the last 3 months. Commenting, David Frost, Director General of the British Chambers of Commerce (BCC), said>>>> [Full Story]
      [Jul 2 2009 - 4:37:13 PM, by John Arnold]
      
     

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