Resources

2024 will be an important test for many businesses in the UK following the 2023 backdrop, latest data and current environment. Our latest insight delves into the detail of the insolvency trend for 2023 providing both perception and critical analysis of the rationale behind the trend and methods to employ or consider to support tighter risk mitigation whilst serving growth and performance aspirations.

As manufacturers look ahead, prevalent challenges such as a reduced supply in labour, coupled with the wider macro environment and surging cost inflation have impacted both performance and sentiment in the space. Our latest thought leadership publication provides insight into these key areas of manufacturing, in particular the risks to be aware of but conversely the opportunities that may exist to help drive growth objectives.

Corporate Insolvencies are a critical barometer in measuring the sentiment and success of an economy. This edition centres around Q3 of 2023, which witnessed some significant developments within many sectors including retail and construction, with a number of high profile casualties seen in this period of the year.

The UK Food and Drink industry is an essential part of the economy and encompasses a wide variety of businesses, including supermarkets, restaurants, cafes, bars, and food manufacturers. 2023 has certainly been an eventful year full of surprises, layered with a large measure of uncertainty and insolvencies within this field. While business uncertainty ensues, firms are starting to prepare as best as they can to improve their resilience and tackle these challenges. This publication examines the challenges in this sector and ways for businesses to focus on long term sustainable production and enhanced risk management.

The UK retail industry is facing an environment where margins are becoming increasingly under pressure from rising costs, reduced pricing power and a desired need to invest in technology. Our latest Retail report focuses on this poignant sector, composing reference to an array of key factors on the credit risk radar with analysis of current market data and commentary to assist. It suggests areas of the supply chain to monitor, companies to monitor, ways that will assist the credit risk process and trade, as well as identify gateways for growth.

Corporate Insolvencies are a critical barometer in measuring the sentiment and success of an economy. In recent years, insolvency data has been somewhat distorted driven by unique circumstances but we are now beginning to see the aftermath of the slowdown seen in 2020 and 2021 and a trend that continues on the decline. In this edition, we examine the data from the first Quarter of 2023, which maintains its rise in insolvencies from the previous year. So caution is certainly being flagged.  

Our UK Construction report examines the the impact of exigent market conditions and continuing uncertainty, as evident in recent economic measures and insolvency statistics. Lacklustre growth conditions ensue and there are clear indications that a soft patch is perhaps on the horizon, if not already in motion. However, cost pressures intensify, as a consequence of rising prices for imported materials and supply hold-ups, in addition to loss making contracts in run off.