Biggest benefit frauds cases against the UK government
Benefit fraud costs the UK billions every year, with the Department of Work & Pensions estimating that over £9 billion was lost to ...
UK Company Insolvencies
How to Spot a High-Risk Client
The Arcadia Group, Carillion, P&O Ferries — insolvencies and financial problems can appear sudden and unexpected, but if you used Red Flag Alert’s insolvency risk solution, you would see that these companies were showing red flags months and even years before their downfall. Find out what they had in common in our how to spot a high-risk client mini-series.
redflagalert.com needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
Corporate insolvencies jumped 20% as inflation and higher interest rates eat into business profitability. Who will float and who will sink? The answer is not always as simple as good accounts and a decent payment history.
Company insolvency stats
Enhanced User Experience
The number of insolvencies were c. 27% higher than in the same month in June 2022 and compulsory liquidations in June 2023 were c. 77% higher than in June 2022 as the numbers of compulsory liquidations increase from the historical lows seen during the pandemic.
Nevertheless, in historical terms, the current forecast volume is still pretty bleak and its not just HMRC that are driving up the number of compulsory redundances. The big energy companies are starting to flex their muscles and in recent months there has been a surge in the number of energy companies petitioning for the winding up of their customers and although energy prices are no longer rising, they remain at or near historical highs and at unsustainable levels for thousand of energy intensive businesses.
Sources: Insolvency Service (compulsory liquidations only); Companies House (all other insolvency types)
Stay up-to-date with the latest company insolvencies
Over 5 emails you will learn how to spot a high-risk client even when typical metrics show the company to be in pristine financial standing.
redflagalert.com needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
Knowledge Base
Topics covering Sales and Marketing, Risk Management, Data, AML and Compliance, and more
