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MBC had a blast at our startup pitch night with a keynote from Eamonn Carey, MD of Techstars!

Modern Business Club and Startups and Makers Week had a fantastic time at an evening of startup stories and pitches on the 23rd of May. Kindly hosted by  Orrick, Herrington & Sutcliffe LLP in London. Keynote on startup lessons was presented by the great tech entrepreneur Eamonn Carey, MD of Techstars. Follow us on Twitter @modernbizclub. Enquire for free now! Fill in the quick form below and one of our colleagues will be in touch shortly! Web Site Full Name * Business Name * Email Address * Phone Number * Partner Code (if you have one) Your Message Or Requirements *

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Modern Business Club is co-organising a startup pitch night with a keynote from MD of Techstars!

Modern Business Club and Startups and Makers Week are co-organising an evening of startup stories and pitches on the 23rd of May at Orrick, Herrington & Sutcliffe LLP in London. Keynote on startup lessons from Eamonn Carey, MD of Techstars. Limited spaces only. Please reach out via the Contact form on the right and we'll be glad to see you join us at the event. Follow us on Twitter @modernbizclub. Enquire for free now! Fill in the quick form below and one of our colleagues will be in touch shortly! Twitter Full Name * Business Name * Email Address * Phone Number…

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Bad debt Britain – insurance payouts to help UK businesses deal with unpaid bills are at their highest since 2009

Latest ABI figures show that claims paid by trade credit insurers are running at over £4 million every week - their highest level since 2009. Over 200 firms every week helped by trade credit insurance. A record £340 billion of UK trade is being covered by trade credit insurers. Insurance pay outs made by trade credit insurers in 2017 to help businesses get through challenging trading conditions were at their highest level since 2009 according to figures published today by the Association of British Insurers (ABI). During 2017 high profile company failures included Monarch Airlines, Palmer and Harvey…

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Less than 3% of Carillion’s trade creditors insured themselves!

As many of our readers will know, the construction and outsourcing services provider Carillion collapsed two weeks after the start of 2018 weighed down by the massive £2.2 billion debt and pension liabilities, which became the largest corporate bankruptcy in the UK in a decade. As it turned out, the vast majority of UK suppliers to Carillion did not buy insurance against the risk of not being paid for the goods and services they provided. Out of the estimated losses of £1.2 billion, only £31 million was insured with trade credit insurance insurers according to ABI, amounting to…

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UK SMEs missing out on over £250bn of cashflow because of slow and late payments

According to a recent study by Siemens Financial Services, SMEs are an integral part of the UK economy, accounting for 47% of all private sector turnover. They bear the brunt of late payments and long payment terms. Businesses (with turnover of under £1m) wait for 72 days for payment. Businesses with an annual turnover of £1m-£10m wait on average 53-54 days, and the largest businesses wait on average 48 days. A typical SME spends 130 hours a year chasing outstanding invoices. The cost associated with this time taken is £10.8 billion per year. Unpaid invoices account for 14%…

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Massive and increasing losses for unsecured and uninsured creditors in H2 2016

According to recent insolvency statistics from Infolink, total unpaid/unsecured credit losses totaled over £1.9 billion for the second half of the year, up 6% on the first half of the year. 80,000 ordinary unpaid trade creditors (excluding 8,000 occurrences of HMRC as creditors) lost an average of £23,900, from 5,178 insolvencies. The average asset shortfall for unsecured creditors in each Insolvency was approximately £499,000. At least 20% of the unpaid creditors don’t have sufficient financial reserves to stand the losses they are incurring; almost 10% of the unpaid creditors are themselves insolvent and 15% have a working capital…

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Working capital solutions – new service LiquidityCo.com

We are pleased to offer our select clients a solution allowing them to convert invoices from their creditworthy clients into cash on a flexible and low-cost basis and without any risk of recourse to them. LiquidityCo is your key to working capital as it's a cost-effective mechanism of risk-free financing your short-term cashflow gaps by converting invoices from creditworthy counterparties into liquid funds. Unlike other business funding products, the solutions we put together for select clients don't require any collateral, personal guarantees or counter-indemnities as non-payment risks are managed with the help of major credit insurance providers. Please…

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Bespoke credit reports and financial analysis services

We are pleased to offer our clients a credit reporting service on their existing and potential counterparties as a pay-as-you-go service. Our network of global analysts many of whom are CFA-qualified is available for ad-hoc or ongoing analysis requirements. Please get in touch to discuss this service in more detail. More information can be found on our dedicated site for this service: Finanalysts.com or via your normal contact on the Contact page.  

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Free quotes for your credit or political risk insurance requirements
No-obligation free quotes for insurance against political and credit risks

Free quotes for your credit or political risk insurance requirements

We are happy to say that we don't charge our clients for finding them an insurance solution. So if you are working on a transaction or with a portfolio which exposes your organisation to potential losses from credit or political risk events, please get in touch. We are happy to offer our customers a free no-obligation quote service for all of your political and credit insurance needs. Just pick up the phone or fill in our simple contact form with the description of the risks you are looking to cover and we will be in touch with quotes…

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Insurance solutions for the commercial and residential property sector
Property Residential

Insurance solutions for the commercial and residential property sector

Growing solid business and in need of financing? Consider releasing your cash reserves sitting idly as a deposit for your premises. Our dedicated service SaferLet has developed unique insurance solutions enabling clients unfreeze cash tied up in property deposits, while giving equivalent or even better security to their landlords - both commercial or residential. Please visit our specialist website - SaferLet.com for more information.

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