Xenia Broking

Our partner insurer Atradius' new Construction Industry Outlook 2025/26 report reveals the challenges and opportunities facing the sector in different markets around the world in 2025.    While the cost of construction materials in many markets is easing, there are concerns around labour shortages and new hurdles for businesses surrounding the reduction of carbon emissions.    Find out more:    https://lnkd.in/eXUt_Agz   #Construction #TradeCredit #TradeCreditInsurance #Insolvencies

Welcome to Jessica Furmidge, who joins Xenia as an Account Broker. She will be based at our Halifax office and report to Matt Cox. Jessica started her career in credit insurance just over four years ago in South Africa and will be a great addition to our hardworking and passionate team in Halifax, bringing a huge amount of experience and market knowledge. We're looking forward to seeing Jessica take the next step in her career with us! #People #Team #TradeCredit #TradeCreditInsurance

Construction has been named as the sector with the most firms facing “critical” financial pressure, a new report has revealed. In its latest Red Flag Alert report covering the fourth quarter (Q4) of last year, insolvency practitioner Begbies Traynor Group revealed how almost 7,000 businesses were at risk of bankruptcy. The report stated how 6,830 construction firms in the UK ended 2024 in “critical financial distress” and is “often a precursor to formal bankruptcy”. Find out more #TradeCredit #TradeCreditInsurance #Bankruptcy #Insolvency #UKConstruction https://lnkd.in/egFQYxFR

🎉 Celebrating Our CX Champions! 🎉 Congratulations to our outstanding Customer Experience (CX) Champions from last year! Our CEO Steven Stennett hosted a special winners' lunch to honour these incredible teammates and thank them for their dedication to delivering exceptional service to both our teams and customers.   Shoutout to our CX Champions: ⭐ Katie Wright ⭐ Mark Davison ⭐ Kim Dobson ⭐ Rachael Chandler (née Barker-Vaizey) These teammates go above and beyond every day, setting the gold standard for customer service. Your commitment and passion make a real difference—thank you!   🎉 Big congratulations also to everyone who was nominated! Your hard work and dedication do not go unnoticed.   Let’s keep raising the bar in 2025! #CXChampions #CustomerExperience #ThankYou #People #Team #TradeCredit #TradeCreditInsurance

Is your company selling to a business already in financial distress? Thought provoking update from insolvency specialists Begbies Traynor showing that the number of companies in critical financial distress is 50% up from September to December last year standing at over 45,000, a record number since Begbies Traynor started measuring this data in 2004. To put this number in to context, there were circa 25,000 insolvencies in 2024. Mirroring the thoughts of one of the insurers yesterday, failures aren't just limited to construction, with other sectors also struggling including hospitality, leisure and retail amongst others. The report also mentioned that HMRC has become more active in recovering overdue tax. This backdrop of negative sentiment occurs before the impact of the forthcoming increase in the minimum wage coupled with the increase in employer national insurance contributions which will have a further adverse effect on those businesses already struggling. Businesses protect themselves against the possible default of one or some of their customers by taking out a credit insurance policy. Many who do so for the first time are pleasantly surprised how cost effective it is. Credit Insurance Specialist Broker Xenia Broking would be delighted to approach the whole market on your behalf, sourcing the most insured cover at the best possible price. Please reach out and I will put you in touch with one of my highly experienced new business colleagues. #xeniabroking #creditinsurance #insolvencies #financialdistress

The UK's key business sectors should be 'cautiously positive', according to insurer Atradius' 2025 predictions. Atradius underwriters covering retail, agri-foods, paper and packaging, and transport, have given their views on what to expect. While insolvency risks in the transport sector will remain high, this will be a 'resilient year' for the packaging and paper sector. Find out more: https://lnkd.in/dCcd2qse #TradeCredit #TradeCreditInsurance #Transport #Retail #Forecast #Insolvency

The UK has come ahead of Germany, China, and India to become the second most attractive country for global investment, trailing only the US, according to PwC’s annual Global CEO survey. This is the first time the UK has secured this spot in the 28 year history of the survey. 14% of global CEOs believe that the UK will receive the greatest proportion of planned international capital expenditure in 2025. Find out more: #Investment #UKEconomy #TradeCredit #TradeCreditInsurance https://lnkd.in/eGzGhx96

The number of registered company insolvencies in England and Wales was 1,838 in December 2024, 6% lower than in November 2024, new figures have revealed.    This figure consisted of 273 compulsory liquidations, 1,421 creditors’ voluntary liquidations (CVLs), 127 administrations and 17 company voluntary arrangements (CVAs).   Stats for the whole of 2024 were published at the same time. In 2024, there were 23,872 insolvencies, 5% lower than in 2023, which saw the highest annual number since 1993.   Get in touch with us to learn how we can support your business.   https://lnkd.in/eEBtHDC3   #Insolvencies #Business #UKInsolvencies #TradeCreditInsurance #TradeCredit

Britain is set to have the fastest growth among major European economies this year, according to the International Monetary Fund (IMF). The IMF raised its forecast for British growth for 2025 by 0.1 percentage points to 1.6%, making it the third-strongest among the G7 advanced economies after the US and Canada. The IMF outlook for British gross domestic product growth in 2026 remained at 1.5%. Find out more: https://lnkd.in/gWCh4vFU #UKEconomy #TradeCredit #TradeCreditInsurance #UKBusiness

Construction output is estimated to have grown by 0.4% in volume terms in November 2024, new figures have revealed. Statistics from the ONS showed how the increase came from rises in both new work (0.3%) and repair and maintenance (0.5%). By sector, five out of the nine saw growth in November 2024, with the main contributor being private commercial new work (3.1%) followed by maintenance (1.1%). Find out more: https://lnkd.in/euaV-bmV #Construction #UKConstruction #TradeCredit #TradeCreditInsurance