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AGENDA WEST BUSINESS NEWS: First it was Brexit, then Covid-19 and the lock down – now it’s the banning of Huawei that next threatens the creditors of a raft of businesses as the great Chinese infrastructure Exodos begins
By July 15, 2020 Read More →

AGENDA WEST BUSINESS NEWS: First it was Brexit, then Covid-19 and the lock down – now it’s the banning of Huawei that next threatens the creditors of a raft of businesses as the great Chinese infrastructure Exodos begins

When the culture secretary Oliver Dowden MP announced the Government’s decision to strip the Chinese firm Huawei this week of its role in 5G he may unwittingly have begun an economic revolution. Communist state “Any firms in hock to Huawei may find suppliers reluctant to grant more credit as the value of that UK business […]

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AGENDA WEST BUSINESS NEWS: masks in shops ‘impossible to enforce’; no-show customers slammed; mass redundancies as print industry wobbles; china shops collapse; builder owed £11m; and directors get breathing space from creditors
By July 14, 2020 Read More →

AGENDA WEST BUSINESS NEWS: masks in shops ‘impossible to enforce’; no-show customers slammed; mass redundancies as print industry wobbles; china shops collapse; builder owed £11m; and directors get breathing space from creditors

Pic: Morpeth Herald As one of the nation’s leading credit intelligence circles ICSM Credit likes to bring you the latest news, views and analysis in the world of creditors, bad debts and companies in trouble. There’s only one motivation behind our news and that is to save our members from being caught out when one […]

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AGENDA WEST Business News COMMENT: time for ‘dithering’ Lord Callanan to pull his finger out and sort out the scandal of the big four’s role in playing referee and footballer in a game where SMEs and the public lose out
By July 14, 2020 Read More →

AGENDA WEST Business News COMMENT: time for ‘dithering’ Lord Callanan to pull his finger out and sort out the scandal of the big four’s role in playing referee and footballer in a game where SMEs and the public lose out

I don’t always agree with the outspoken Alex Brummer in the Daily Mail but on the scandal of the big four accountancy firms auditing companies while at the same time recommending remunerations for the directors – he is bang on. In his ‘litany of failures and scandals it’s time for auditors to face a reckoning’ piece he […]

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AGENDA WEST BUSINESS NEWS: it’s retail Armageddon as Brooks Brothers fold and Boots and John Lewis shed 5,300 jobs IN ONE DAY
By July 9, 2020 Read More →

AGENDA WEST BUSINESS NEWS: it’s retail Armageddon as Brooks Brothers fold and Boots and John Lewis shed 5,300 jobs IN ONE DAY

Pic: Fashion Network The UK’s economic situation is rapidly deteriating said Ian Carrotte of ICSM Credit as famous names along with hundreds of small firms go bust in the aftermath of the Covid-19 crisis. The latest to go are Brooks Brothers who have clothing stores in the UK and Ireland while Boots and John Lewis […]

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AGENDA WEST BUSINESS NEWS: As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven’t been paid yet (which ones have you heard?)
By July 9, 2020 Read More →

AGENDA WEST BUSINESS NEWS: As Firstgroup announces it might not survive much longer ICSM Credit lists the excuses given to suppliers as to why they haven’t been paid yet (which ones have you heard?)

Pic: CA Finance This week it was reported that AirAsia may not survive the Covid-19 crisis and even Firstgroup admitted after three years of heavy losses it could go under. Most observers believe Firstgroup and possibly AirAsia could be bailed out or nationalised by their Governments but since Flybe was allowed to crash nothing is […]

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Axbridge Chamber of Commerce member The Lamb Inn is set to reopen at the beginning of August
By July 9, 2020 Read More →

Axbridge Chamber of Commerce member The Lamb Inn is set to reopen at the beginning of August

The chair of the Axbridge Chamber of Commerce Louise Jane Cooling said the news the Lamb was to reopen soon was ‘fantastic news.’ She said the town’s hospitality sector was coming back to life and asked residents to support businesses who have had a tough time during the Covid-19 shut down. Join the Axbridge Chamber […]

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AGENDA WEST BUSINESS NEWS: shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices
By July 6, 2020 Read More →

AGENDA WEST BUSINESS NEWS: shock at £19bn black hole that could see 13 universities liquidated with suppliers left with billions of pounds of unpaid invoices

Printers, couriers, office suppliers, stationers, publishers and a host of businesses could be left high and dry if 13 universities go to the wall due to Covid-19 according to a report by the Institute of Fiscal Studies (IFS). arah Harris writing in the Daily Mail said: “The IFS has estimated that long-run losses across the […]

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Rapscallion Magazine News: the £1.15bn for the arts comes with strings attached included a hefty chunk of repayable loans, grants and cash for ‘national cultural institutions’ while smaller venues and companies could lose out
By July 6, 2020 Read More →

Rapscallion Magazine News: the £1.15bn for the arts comes with strings attached included a hefty chunk of repayable loans, grants and cash for ‘national cultural institutions’ while smaller venues and companies could lose out

Slightly skeptical about the cash promised to the arts by the Government – somewhat belatedly – is it new money? Check the small print is the important part of this welcome piece of PR. Writing for the BBC their arts editor Will Gompetz noted: “As always, the devil will be in the detail. The government […]

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AGENDA WEST Business News: the eye-wateringly high costs of a return to work after the Covid 19 lockdown for UK businesses
By July 5, 2020 Read More →

AGENDA WEST Business News: the eye-wateringly high costs of a return to work after the Covid 19 lockdown for UK businesses

This is a press release from Where The Trade Buys After the most recent loosening of lockdown measures, many pubs, bars, and restaurants are due to open their doors to the public again from this weekend. The likelihood is that not long after this, most offices will begin to reopen as well, and the 8.4 million […]

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Axbridge Chamber of Commerce Member’s Newsletter: what type of recession will we get; who has gone bust this month; and the scandal that will cost the Post Office millions
By July 3, 2020 Read More →

Axbridge Chamber of Commerce Member’s Newsletter: what type of recession will we get; who has gone bust this month; and the scandal that will cost the Post Office millions

Welcome to ICSM Credit’s July 2020 newsletterIn this issue; news in brief; print industry news; Post Office and RBS scandals; Judge takes into account new Insolvency Law giving protection to failing firms; and those runners and riders – who has gone bust recently. We have to live with Covid-19 There are some serious questions that must be […]

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