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.
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%
Coface uses advanced Data Science technologies such as Artificial Intelligence, Machine Learning and predictive analysis to better anticipate commercial risks for the benefit of its customers. Click for more information.
The successive shocks linked to the COVID pandemic and the war in Ukraine have had a clear negative impact on African economies. They have revealed, materialized and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political and social ramifications, are the chief hallmarks. Read our press release about it here.
