|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Analysis News & Opinions
Opinion
Insolvencies surge as Ukraine war disrupts supply chain
Data released last month by the Insolvency Service show that insolvencies of retailers and construction businesses have surged in the past year as the UK’s supply-chain problems continue to worsen. In the past 12 months, insolvencies of UK
retailers have risen 21% from 827 in 2020- 2021 to 997 in 2021-2022. Over the same period, insolvencies of UK construction businesses have increased 45% from 1,920 to 2,775. Problems created in supply chains by the
war in Ukraine are likely to further exacerbate issues for the construction sector over the coming weeks. The surge in gas and oil prices, also caused
by the crisis, is expected to dent consumer spending in the retail sector. Raw material costs for construction fi rms
have become a very signifi cant problem over the last two years and the war in Ukraine has only worsened it. That is driving more and more construction businesses into insolvency. A long line of issues have disrupted supply
chains for UK businesses, from Brexit to Covid to a shortage of workers. Those issues have hit construction and retail particularly hard. The predictions of a rise in insolvencies in
the retail sector are now beginning to come true. Pressures have been rising for months and the dam now seems to be breaking. Retailers have faced a wide range of rising
costs – staffi ng, energy, wholesale prices – just as government support for businesses has been switched off . Some of them have not been able to survive that.
Rebecca Dacre Partner in the restructuring team, Mazars
A major new webinar – free for CCRMagazine readers to listen in to – was drawing close as the magazine went to press. ‘Improving Revenue Collection and Treating Customer Fairly’ will be at the top of the agenda for a new, free, webinar from Yakara as collections professionals work to keep the needs of their customers in focus. An informative case study will answer key questions showing how industry professionals can improve
collections processes while
keeping the needs of customers at top of mind; how self-service, mobilephone payment options can aff ord fl exibility to help customers avoid and get out of arrears. The webinar will be held on 23 March and will be free for any professionals to request to attend.
Stephen Kiely, editor of CCRMagazine,
said: “It is extremely exciting to be drawing closer to this important new event, which should be a real success for the industry. “We have
Informative new webinar draws close
found that webinars are an
essential way to provide information to our readers, allowing you to access the insight you need from the convenience of your desk. So I hope that our readers will want to take the opportunity listen in.” Contact Stephen Kiely to request your place at this outstanding new event at
stephen@ccrmagazine.co.uk.
6
www.CCRMagazine.com
March 2022
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
