In today’s ever-changing global landscape, economies undergo fluctuations that can significantly impact businesses and industries. One such economic phase is a contracting economy, characterised by a decline in economic activity and a slowdown in growth. This blog will explore what a contracting economy entails and how it affects businesses.

Time and time again, I have come across contracts covered for some part of late payment, but nothing in the contracts ties them into indemnification if something goes wrong. Indemnification covers many forms, such as IPR, GDPR, and payment. An indemnity doctrine should be part and parcel of your contract as it protects the party…

Whilst working for some corporates back in the noughties, I was privileged to have worked with debentures. A Debenture is an instrument that a lender secures onto a company to which they have lent money. It is a written agreement detailed in documents lodged at Companies House. The term floating is usually a form of security that takes hold as it will work according to the changing type of the company inventory, such as its stock which changes on a day-to-day range.

In corporate departments, I have noticed that when a Salesperson makes a sale, they get their commission and move on. While working in Recoveries, only 10% of the Sales/Operations Teams I have worked with have kept tight information about their deals/candidates/loans.

Most individuals are stuck on this question.

They think it’s a simple task of going forward and obtaining a County Court Judgement and that they have reached the end of that road.

There are different types of credit risk, but my experience stems from retail banking, specifically for automotive finance and mortgage companies. After all, in my early days, I used to repossess cars and houses.

The decision of the United Kingdom to exit the European Union, popularly known as Brexit, has generated significant concerns about its consequences on productivity.

Unemployment is a pressing issue that affects individuals and economies worldwide. In the United Kingdom, recent unemployment statistics shed light on the long-term effects of sickness and its challenges for job seekers.

The year began with unprecedented financial challenges for individuals and families across the UK, according to a report released by Citizens Advice. As the cost-of-living crisis intensifies, the charity has witnessed an alarming surge in the number of people seeking assistance.

Debt restructuring can be a lifeline for individuals and businesses grappling with financial challenges. It offers an opportunity to renegotiate payment terms, reduce interest rates, and ultimately regain control over one’s finances.