Articles about Credit Insurance

Credit safety net ripped from under elder IT distie Northamber

Sliding trade at Surrey-based wholesaler fingered

Credit insurance: The hidden data-driven force which killed Comet

Money in other people's wallets can be a big asset

Credit insurer sets up 'task force' in wake of enormo UK IT biz failures

Comet crash and 2e2 meltdown are making people twitchy

Insurance giant: IT dealers will survive the downturn

A lot of b2b resellers are 'agile' and can 'adapt' - Euler Hermes boss

Why did Comet fail? Hint: It wasn't just the credit insurers

Comet's fiscal light was burning less brightly well before OpCapita entered its orbit, but the venture capitalist's involvement snuffed it out entirely. Signs that all was not well can be traced back to 2008, when Comet's profit before tax tumbled from £56m to £25m. In successive years it posted losses of £8m, £3m and finally £ …

Dixons keeps wolves from the revolving credit facility door

Dixons Retail has inked a £300m revolving credit facility with its financial backers that should ease the cash flow of Blighty's largest retailer. The deal extends Dixons current facility, which was due to mature next year, until the end of June 2015. Sources say this will provide short term guarantees that should keep the …

'Zombie hunter' task force unleashed on the UK tech biz

Brain-slurping VCs turn firms into walking dead

'Petrified' insurers slam wallets shut as more resellers go titsup

Channel insolvencies edge up in Q3

closed_sign shut down under collapsed liquidation

Deloitte in the saddle at Comet, seeking stability - and a buyer

Deloitte said its first task as Comet's administrative receiver is to steady the ship and then seek anyone interested buying an ailing veteran retailer, hamstrung by huge overheads and facing fierce competition from leaner online rivals. Good luck with that. After days of industry chatter, Comet finally called in the receivers …

UK's 2e2 goes titsup

Troubled integrator 2e2 Group has left a potentially devastating trail of debts in its wake after calling in the administrators to its UK ops. The financial backers of the Berkshire-based business hauled in FTI Consulting on Monday afternoon, putting nearly 2,000 jobs at risk of redundancy. "We are working closely with …

Ailing Comet at last prayers: Cawing of accountants and VCs fills air

Suppliers wouldn't fill warehouse for Xmas on tick

Bargain! Desperate Comet SLASHES price of £4,400 iPod Nano

Pic No wonder they had cash flow problems

Channel biggun 2e2 dragged to county court over £14,000 debt

Second CCJ this year 'doesn't comfort' suppliers

Cashless Comet to close 41 stores, axe 500 jobs

Only slim chance of morph into Dixons, Maplins

Comet confesses: The receivers are among us even now

Dixons shareholders skip and clap their hands for joy

Budget reaction: Credit insurance good, all else bad

Budget 09 Darling budget upsets small biz

Comet train set for SMASH, staff can only hope to be in right carriage

Inability to fill Santa's sack may mean sackings

UK gov probes Comet crash: Public, private sectors LOST £257m

But VC will pull £50m from flaming wreckage

Rug tugged from under 2e2 after it racked up £50m loss - report

Micro Anvika shutters stores, axes staff in fight for life

Apple lures Dixons boss Browett to run global retail biz

Some go gracefully in the Channel - and some go messily

Yorks PC maker goes titsup owing £1m+

Northamber balks at forecasts amidst market uncertainty

DSGi plans £310m rights issue

DSGi sells Hungarian biz for €1

Intel shocks with profit warning

Evesham left debts of £6.8m

Defunct British PC maker Evesham Technology went bust owing creditors nearly £7m, the firm's administrators have revealed. However, unsecured creditors can forget any chance of a payout because there are no "surplus funds" available. In a creditors report covering Evesham Technology, Evesham Technology Holdings and Mertec …