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.
To 13th July 2023 Press Releases from InfolinkGazette
A new analysis from InfolinkGazette shows a continuing increase in UK insolvencies and profit warnings. Although profit warnings in Q2 2023 fell by more than 32% compared to Q1 2023 (from 122 down to 82), UK companies reported a considerable increase in reporting "material uncertainty" or "going concern" events. Only 11 of these events were recorded in Q1 2023; this number jumped to 49 in Q2 2023. InfolinkGazette also notes that, although the number of initial stage winding up petitions rose by just 1% in Q2 2023 compared with Q1 2023 (from 1494 to 1509), this represented an increase of over 165% compared to Q2 2022. Interestingly, just 22 actions were brought by energy companies in the corresponding quarter of 2022, but this number more than trebled in Q2 2023 (to 70). S. Kaler, Head of Data & Operations at InfolinkGazette, commented: "Although we are not seeing such huge increases in the number of actions being filed, totals are nonetheless still increasing. HMRC continues to be the main driver of these actions."
The full report is available here:
Quarterly Report - Q4 2022
Profit Warnings, HM Courts Filings, and Initial Stage Winding Up Petitions.
New analysis from InfolinkGazette supports the worst-case predictions for Insolvencies and Company profits.
Figures released by InfolinkGazette show that Q4 2022 saw 96 profit warnings being issued compared to 65 in the same period last year, an increase of nearly 48% and an increase of nearly 10% when compared to pre-pandemic levels.
In addition to the Profit Warnings, InfolinkGazette noted that Q4 saw at least 15 instances of UK companies warning of a Material Uncertainty that could affect their ability to continue as a going concern.
The majority of Profit warnings have been companies warning of profits that are lower than market expectations (52%), the next largest category was companies warning of decreasing margins (20%), followed by companies revising guidance lower (18%).
S Kaler, Head of Data and Operations at InfolinkGazette commented:
"The number of profit warnings being issued this quarter is significantly higher (23%) than what we were seeing, even at the very height of the pandemic in 2020. Companies continue to cite increased costs and surging inflation for the increased numbers. 20% of all profit warnings in Q4 were instances where the company warned of tightening margins affecting profitability. We continue to see the number of companies issuing multiple profit warnings in the space of a year going up and we know the incidence of insolvency rises sharply after three profit warnings in a twelve-month period."
Debtor driven filings saw exponential growth in Q4, from a total of 339 in Q3 2021 the number jumped by 55% to 525 in Q4 2022. This is also an increase of 14% when compared with Q3 2022 when 459 filings were completed.
As expected, we saw that Notices of Intention to Appoint an Administrator (251 in Q4 2022) and Notice of Appointment to appoint an administrator (195 in Q4 2022) make up the majority of notices filed.
Administration Applications and Company Voluntary Arrangements have also trended upwards and although only a small number were filed, the second half of 2022 saw the first occurrence of a Moratorium being filed since the start of 2021 (3 in total).
Initial Stage Winding Up Petitions:
Initial Stage Winding Up petitions have soared exponentially in 2022. InfolinkGazette published figures showing an increase of 11.5% on Q3 which had already skyrocketed by over 105% when compared with Q2. Q1 ended with a total of 398 Winding Up Petitions being filed. By the close of 2022, this figure had increased to 1,314.
S. Kaler, Head of Data & Operations at InfolinkGazette commented:
“The increase has been driven by HMRC actioned filings. At the end of Q1, just 10% of all Winding up Petitions had been brought by HMRC, that figure increased to nearly 30% by the end of 2022”.
72% of all Winding Up Petitions filed in 2022 were filed in the second half of the year.
Q4 made up 38% and Q3 accounted for 34% of the year’s total.
InfolinkGazette collates this information and provides it to our clients as soon as it is available.
For more information write to us at: email@example.com