20 May 2024
2023 saw a total of 25,158 company insolvencies, the highest annual number since 1993, and 14% higher than was seen in 2022. Creditors’ Voluntary Liquidations (CVLs) increased by 9% from 2022 to a new record high number in the time series going back to 1960. (Source: Government Statistics).
Trade credit insurance provides cover for bad debts and enables your business to recover up to 90% of monies owed to you, giving you peace of mind and the confidence to grow. Our specialist trade credit team have identified some of the ways that trade credit insurance can benefit your business:
Verlingue places credit insurance policies for businesses spanning a broad range of industries and sizes. If you would like to discuss how credit insurance can help your business, please contact Dave Pickup today.
Dave Pickup
Sales Director – Trade Credit
E: Dave.Pickup@verlingue.co.uk