Unsecured Creditors need specialist risk management solutions to help protect them from future losses.
At InfolinkGazette, we add around 120,000 new unsecured creditors every year with losses totalling more than £3 billion.
Reach out to your prospects in their hour of need - after they have suffered an unsecured credit loss.
InfolinkGazette (ILG), a trading style of Connell Data Ltd is a commercial data collection bureau, supplying commercial risk and opportunity data to its clients, together with the tools required to maximise the value of the data. Distribution is primarily through information re-sellers, such as Credit Reference Agencies and Data Aggregators, but also to end users of information in the Credit Insurance, Debt Recovery and Insolvency sectors
ILG started out by collecting, and digitising all the information available on UK and Irish Insolvency appointments, and in particular, the UK unsecured creditors listings, which are used for both risk management purposes and identifying opportunity. More recently, ILG diversified data collection strategy to cover a wider range of commercially available information, all sourced from data that isn't available in a practical digital format, but continued to concentrate on their core customer requirements, providing information suitable for credit risk assessment or prospect targeting
ILG also provide bespoke product development, software solutions and hosting services, for their data customers, including: Case Management Systems; Credit Scoring & Decisioning Systems; APIs and online portals
When you need to know a more, additional prospect information is just a click away, you can request reports showing:
InfolinkGazette allows you to search creditor information by debtor (the company in liquidation):
Simply switch to the View Debtors Screen to search the entire unsecured creditor database by debtor and get lists of all the creditors associated with each debtor
Unsecured Creditors need superior risk management solutions to help protect them from future losses.
At InfolinkGazette, we add 120,000 unsecured creditors a year with losses totalling more than £3 billion.
There is never a better time to approach a prospect than after an unsecured credit loss.
InfolinkGazette
News – Q2 2024
Profit Warnings, HM Courts Filings, and Initial Stage Winding Up Petitions.
New analysis from InfolinkGazette shows that the number of profit warnings continue to give reasons for concern. Despite signs that the number of Insolvencies being filed has started to even out, numbers remain elevated at levels considerably higher than seen in previous years.
Profits Warnings:
Profit Warnings in Q2 2024 increased by over 20% from 113 in Q1 2024 to 139 in Q2 2024, marginally up when compared to the corresponding Q2 2023 (131).
A “material uncertainty” is a clear indicator of significant doubt around an entity's ability to continue as a going concern. Worryingly, our data demonstrates that there is a significant increase in the number of “going concern” or “material uncertainty” events being recorded as the primary reason for a profit warning.
There was an average of 29 stand alone going concern events in each of the previous 5 quarters (Q1 2023 onwards), this quarter has seen that number shoot up to 88.
HMCourts Filings:
After reaching a total of 744 court filings in Q1 2024 (the highest we have ever recorded), this quarter has seen the number of petitions being filed reduce by more than 22% to a total of 576 in Q2 2024, marginally lower than the numbers seen in the corresponding quarter of the previous year (Q2 2023) when there were 605.
As expected, we saw that Notices of Intention to Appoint an Administrator (350 in Q1 2024 vs 235 in Q2 2024) and Notice of Appointment to appoint an administrator (285 in Q1 2024 vs 244 in Q2 2024) continue to make up the majority of notices filed.
Initial Stage Winding Up Petitions:
In Q1 2024 there were 1784 Initial Stage Winding Up Petitions, Q2 2024 saw this number fall by 5% to 1694, further evidence that the upward trend is slowing down and starting to level off. While this looks like good news, it is important to note that numbers are still four times higher than recorded at the start of 2022 when we recorded just 398 Winding Up Petition Applications.
S. Kaler, Head of Data & Operations at InfolinkGazette commented:
“HMRC continue to be the main driver but this quarter has seen the lowest number of petitions being brought by HMRC since Q2 2023. This could be an indicator of things starting to even out but we should still be concerned that overall numbers are still over 425% higher than what we were seeing at the start of 2022.”
InfolinkGazette collates this information and provides it to our clients as soon as it is available. For more information visit our website: www.infolinkgazette.co.uk or write to us at: sales@infolinkgazette.co.uk