In 2022, around 23,400 companies went bankrupt in the United Kingdom, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis “GFC”. Read our analysis of this rapid rise in insolvencies.
This portal offers Coface’s customers a complete suite of API solutions developed by Coface to enable them to integrate its services, expertise and unique data directly into their business ecosystem. This initiative illustrates Coface's willingness to provide higher connectivity to its customers via advanced digital solutions designed to optimise credit risk management.
Although payment behaviour remains in a relatively good shape even after this deterioration, companies are very pessimistic about their business outlook. Learn more in our full publication.
Leaving a substantial debt of $2.59 billion in its wake, the third-largest U.S. trucking company, Yellow, made headlines in August by filing for Chapter 11 bankruptcy protection, leading to the displacement of 30,000 workers and the announcement it will cease operations.
Coface confirms its very good start to the year with first-half net income of €128.8m and annualised return on tangible equity at 14.3%
