Welcome to the January 2026 issue of Credit Management News Digest. Our sponsor this month is Bondaval.

Index

UK & Republic of Ireland: Late Payment, Business Distress & Insolvencies

UK & Republic of Ireland Economy

Global: Late Payment, Insolvencies & Global Economy

Credit Management News & Resources

Events & Professional Development

Credit Insurance News Digest

About this month's sponsor: Bondaval

PLUS: 'Why I joined Bondaval', Q&A with Simon Philpin

UK & Republic of Ireland: Late Payment, Business Distress & Insolvencies

Decrease in UK corporate insolvencies may offer "a glimmer of hope" to struggling firms. Latest data from the UK's Insolvency Service shows that corporate insolvencies fell to 1,866 in November 2025, down 8% from October's total of 2,034. This was also a 7% decrease compared to November 2024 (2,001) and 18% lower than November 2023 (2,273). R3 described the fall as welcome news, noting that it comes alongside a drop in inflation to 3.2% and a recent interest rate cut to 3.75%, which together may offer "a glimmer of hope" to struggling firms. R3 President Tom Russell said the figures could give business owners "cautious optimism" that conditions may start to improve next year. However, he warned that corporate insolvency numbers "remain stubbornly high" compared with five years ago, underlining the ongoing pressures from difficult trading conditions despite the recent easing in headline indicators. To read R3's news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32678/page/1//.

UK insolvencies remain significantly above the pre-pandemic average. New data from Creditsafe has revealed that December's insolvency figures indicate that 1,970 businesses across the UK and Northern Ireland entered insolvency, representing an 8% decrease from November 2025, and 21% lower than the same time last year. However, despite this year-on-year decline, insolvencies remain significantly above the pre-pandemic average. Construction was the UK's hardest-hit sector in December, with 300 firms entering insolvency, accounting for 16% of all business failures that month. Additionally, sectors traditionally prone to high insolvency rates also saw notable figures. In December, the Wholesale & Retail sector recorded 273 insolvencies, while Accommodation and Food Services recorded 260 failures. Together, these two sectors account for 30% of all insolvencies in the month. To view Creditsafe's findings, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.

Insolvency levels in Ireland have remained consistent over the past three years. PwC's latest 'Insolvency Barometer' shows corporate insolvencies in the Republic of Ireland remain low and broadly stable, with 848 cases in 2025. This is slightly down from 868 in 2024 but above 736 in 2023, and equates to average of 204 per quarter since 2023. The 2025 insolvency rate is 27 per 10,000 companies, well below the 21-year average of 49. PwC's analysis also reveals that there has historically been an almost perfect statistical correlation between the Irish unemployment rate and the Irish insolvency rate per 10,000 companies, with a 1% increase in the unemployment rate in Ireland correlating with a corresponding rise in the insolvency rate. During 2025, the Irish unemployment rate increased from 4% in January to 4.9% in November. According to PwC's statistical analysis, the continuing trend implies that the Republic of Ireland will experience an increase in insolvency levels in the coming years. To read PwC's news release, go to https://www.pwc.ie/media-centre/press-releases/2026/restructuring-update-q4-2025.html.

Total UK profit warnings jumped 20.3% in 2025.

UK profit warnings jumped by 20.3% to 580 in 2025. InfolinkGazette’s latest annual analysis, published by Tech City Labs, shows that profit warnings remained at historically high levels in 2025. This follows a modest increase from 477 in 2023 to 482 in 2024. Companies flagged a Material Uncertainty in at least 241 cases, 220 being stand alone going concern events. Lower sales were cited in 102 warnings and increased costs in 125.

Debtor-driven HM Courts filings also remained elevated, rising 5.2% from 2,564 in 2024 to 2,697 in 2025. Administration Applications increased from 186 to 244 and Company Voluntary Arrangements from 214 to 234. Initial stage Winding Up Petitions (WUPAs) climbed more than 15% to 8,131 (from 7,043), driven mainly by HMRC petitions, which increased from 3,247 to 4,379, even as non-HMRC petitions ticked down slightly. To read InfolinkGazette's analysis, go to https://www.techcitylabs.com/resources/infolink-gazette-annual-report-2025.

Critical financial distress rises for general retail and bars and restaurants in Q4. The latest Christmas 'Red Flag Alert' from Begbies Traynor has revealed a year-on-year increase in the number of critically distressed general retailers (16.7%) and bars and restaurants (14.1%), with online only retailers seeing a higher annual rise in 'critical' distress than those with physical stores ahead of the Christmas break. As of 15 December 2025 (with a few days of the quarter remaining), 1,947 general retailers were in 'critical' financial distress. This was largely driven by online only retailers who saw a 20.5% year-on-year increase vs a 14.4% year-on-year increase for those with physical stores. However, there was a 2.4% fall in general retailers in 'critical distress' compared to the previous quarter (Q3 2025: 1,995) as the 'Golden Quarter' took effect. In contrast, bars and restaurants in 'critical' distress rose from 995 in Q3 2025 to 1,034 in Q4 2025. To read Begbies Traynor's news release, go to https://www.begbies-traynorgroup.com/news/business-health-statistics/critical-financial-distress-rises-for-retail-and-hospitality-sector-in-q4.

The UK economy is showing signs of an impending 'zombie apocalypse'. A new article by CityAM warns that the UK economy may be heading for a "zombie apocalypse" in the coming year, as years of tough trading conditions finally catch up with weak firms. According to the Resolution Foundation, a "triple whammy" of higher interest rates, energy costs, and minimum wages is likely to push thousands of low-productivity "zombie" companies into collapse. While this shake-out could ultimately boost UK productivity, opening space for more productive businesses to grow, the think tank warns it will also have a high short-term economic cost, including rising unemployment, pressure on household incomes, and fresh challenges for already stretched regions and sectors. To read CityAM's article, go to https://www.cityam.com/uk-economy-showing-signs-of-zombie-apocalypse-says-think-tank/.

Policy change and geopolitical uncertainty were cited in nearly half of profit warnings in Q3 2025 – the highest percentage recorded for this cause in more than 25 years. According to EY-Parthenon's latest 'Profit Warnings' report, UK-listed companies in the FTSE Construction and Materials sector issued six profit warnings during the third quarter of 2025, the joint highest quarterly total since the height of the Covid-19 pandemic in Q2 2020, when nine warnings were issued. The leading factor behind profit warnings cited by UK-listed construction companies is contract and order cancellations or delays, referenced in more than two-thirds (70%) of the 14 warnings. Overall, UK-listed companies issued 64 profit warnings in Q3 2025. The leading factor was policy change and geopolitical uncertainty, cited in nearly half (47%) of warnings, which marked the highest percentage recorded for this cause in more than 25 years of EY's analysis. Over the last 12 months, nearly a fifth (18%) of UK-listed businesses have issued at least one profit warning. To read EY's news release, go to https://www.ey.com/en_uk/newsroom/2025/12/profit-warnings-uk-listed-construction-companies-q3-highest-pandemic.

£10 million of late payments recovered by the UK's Small Business Commissioner. The UK's Small Business Commissioner has announced a major milestone, having helped secure £10 million in late payments for small firms since the office was created in 2017. Almost £1 million was recovered in 2025 alone (three times 2024's total), including over £500,000 in December 2025. This comes as government research shows that late payment costs the UK economy £11 billion a year and forces around 4,000 businesses to close annually, underlining the scale of the problem and the importance of timely intervention. The milestone also follows a government consultation on strengthening the Commissioner's powers to tackle persistent late payers and better protect small businesses' cash flow. To read the Small Business Commissioner's news release, go to https://www.smallbusinesscommissioner.gov.uk/10-million-of-late-payments-got-back-by-small-business-commissioner/.

Licensed under the terms of Open Government Licence v3.0.

UK & Republic of Ireland Economy

Medium-term UK growth is projected to remain modest and below its historical trend. Cebr's latest 'Economic Outlook' reports that UK economic growth slowed to 0.1% quarter-on-quarter in Q3 2025, down from 0.7% in Q1 and 0.3% in Q2. Services and construction registered modest gains, but the production sector contracted by 0.5%, following a 0.8% decline in Q2 – a downturn driven largely by weak manufacturing and reduced activity in mining and quarrying. Softening labour market conditions and weakening business confidence have further contributed to the slowdown. Looking ahead, Cebr expects growth to remain subdued: real GDP is forecast to ease from 1.4% in 2025 to 1.3% in 2026, with medium-term growth projected to stay modest and below its historical trend, constrained by weak productivity, global uncertainty, and persistently elevated business costs. To read Cebr's Outlook, go to https://cebr.com/uk-economic-outlook/.

UK GDP growth momentum is expected to slow in 2026. KPMG's latest 'UK Economic Outlook' expects GDP growth to ease from 1.4% in 2025 to 1.0% in 2026, as a weakening labour market and rising unemployment (peaking at 5.2% in 2026) keep consumer spending subdued. Growth is then expected to improve to 1.4% in 2027. KPMG warns that external conditions are unlikely to offer much support to the UK growth outlook in 2026, with the net trade contribution to growth expected to be almost flat. External demand remains weak, as the combined impact of a slowing US economy and higher tariffs is set to keep exports subdued. Meanwhile, imports are likely to grow more strongly, with trade diversion, particularly from China, expected to lead to a greater number of discounted goods reaching the UK. To read KPMG's Outlook, go to https://kpmg.com/uk/en/insights/economics/uk-economic-outlook.html.

The UK is expected to become the world's fifth-largest economy by 2030. Cebr's 'World Economic League Table' 2026 portrays a UK economy growing, but under strain. It estimates GDP growth of 1.4% in 2025, and advises that, although this is amongst the fastest rates in the G7 and the UK's strongest performance since 2022, it falls far short of historical trends. Inflation In the UK averages 3.4%, among the highest in advanced economies, driven by energy, food and higher labour costs, Over 2026-30, GDP growth averages only 1.5%, yet the UK is still expected to overtake Japan to become the world's fifth-largest economy by 2030. To download a copy of Cebr's report, go to https://cebr.com/world-economic-league-table/.

PwC predicts that the UK will be the third-fastest growing G7 economy in 2026. PwC's 'Predictions for 2026' report anticipates that UK GDP will grow by 1.2% in 2026, rising to 1.6% in 2027. This pace would make the UK the third-fastest growing G7 economy in 2026, keeping it in a mid-table position among major advanced economies. Inflation is set to peak at 3.4% in 2025 and then ease back towards the Bank of England's 2% target, falling to 1.9% in 2026 and 1.8% in 2027. The moderation in 2026 inflation reflects slower price growth in both services (2.6% in 2026 compared to 4.8% in 2025) and core goods (0.8% compared to 1.4%). In response, the Bank of England base interest rate is projected to edge down from 3.75% to 3.5% in 2026. PwC highlights "pockets of opportunity" in specific areas of IT, manufacturing, and the creative industries. To read PwC's news release, go to https://www.pwc.co.uk/press-room/press-releases/research-commentary/2025/10-pwc-uk-economic-predictions-for-2026--ai-to-directly-add-p2bn.html.

The UK economy is "stuck in low gear". The latest British Chambers of Commerce (BCC) economic forecast suggests that the UK economy grew by 1.4% in 2025, revised slightly up from the previous forecast of 1.3%, driven by strong public spending. However, GDP is expected to slow to 1.2% in 2026, before rising to 1.5% in 2027 (unchanged from the BCC's previous forecast), because of productivity challenges and cautious fiscal tightening. The growth picture varies significantly across sectors. In 2026, manufacturing is forecast to grow by 0.9%, construction by 1.1%, and services by 1.3%. In 2027, growth is expected to be 1.8% in manufacturing, 1.9% in construction, and 1.6% in services. David Bharier, Head of Research at the British Chambers of Commerce, said: "Taken together, the forecast paints a picture of an economy remaining stuck in low gear." To read the BCC's news release, go to https://www.britishchambers.org.uk/news/2025/12/bcc-economic-forecast-budget-unlikely-to-be-growth-game-changer/.

UK GDP was 1.3% higher in Q3 2025 than a year earlier. New data from the Office for National Statistics (ONS) has reported that UK real GDP grew by 0.1% in Q3 2025, unchanged from the first estimate, following 0.2% growth in Q2. GDP was 1.3% higher than a year earlier, and 2.9% above its Q4 2023 level. Output is estimated to have grown by 0.1% in Quarter 3 (July to Sept) 2025, following growth of 0.2% in the previous quarter. Overall, in Quarter 3 2025, there were increases in 14 out of 20 of the subsectors of GDP. The services sector grew by 0.2%, construction output increased by 0.2%, while production fell by 0.3%. To read the ONS' news release, go to https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/julytoseptember2025.
Licensed under the terms of Open Government Licence v3.0

UK private sector activity rounds off a tough year. According to the CBI's latest Growth Indicator, UK firms across the private sector once again expect activity to fall in the next three months (weighted balance of -30%). This extends a run of negative predictions that began in late 2024. The downturn is expected to be broad-based, with business volumes in the services sector set to decline (-29%), driven by weak expectations in both business & professional services (-24%) and consumer services (-46%). In contrast, while manufacturers predict another modest fall in output (-17%), expectations were less negative than last month, moving roughly back to where they were in October. The disappointing outlook comes as private sector activity fell again in the three months to December (-34%, broadly unchanged from -35% in the three months to November. All sub-sectors reported falling activity. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/pre-budget-uncertainty-holds-back-private-sector-activity-further-cbi-growth-indicator-november-2025/.

Clouds gather over UK business confidence. The latest BCC Quarterly Economic Survey points to a weakening UK business outlook for 2026. Confidence has fallen to its lowest level in three years, with only 46% of firms expecting turnover to rise in the next 12 months and 24% anticipating a decline (up from 21% in Q3). Domestic sales and cashflow have also deteriorated. Just 29% of businesses report higher sales, while 28% have seen a fall. The percentage of firms reporting a fall in cashflow over the last three months has risen to 32%, compared with 29% in Q3. 23% report an increase in cash flow, while 45% say it remained the same. Investment remains weak: only 19% have increased spending, while 27% have scaled back. Over half (52%) expect to raise prices in early 2026. To read the BCC's news release, go to https://www.britishchambers.org.uk/news/2026/01/more-clouds-gathering-over-business-confidence/.

Dismal December as Christmas fails to boost UK retail sales. According to the latest High Street Sales Tracker from BDO, total retail sales across discretionary spend categories fell by -1.4% in December, compared to the same month last year. This marks the worst monthly performance since November 2024. In-store sales fell by 0.5% and online sales by 0.6% compared to December 2024. This follows disappointing sales figures in November and October, when high street stores recorded below-inflation sales figures, meaning sales volumes across the crucial 'Golden Quarter' have been significantly down on the same period last year. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2026/dismal-december-as-christmas-fails-to-boost-retail-sales.

Global: Late Payment, Insolvencies & Global Economy

India is predicted to become the world's largest economy by the end of the century. Cebr's World Economic League Table 2026 projects that the US will remain the world’s largest economy until 2045, when it is overtaken by China. India is firmly on course to become a leading global economic power: it is expected to overtake Japan in 2026 to become the fourth-largest economy, cross the $5 trillion mark in 2028, and surpass Germany in 2029, taking third place. Cebr also forecasts that India will reach $10 trillion by 2036 and become the world’s largest economy by the end of the century. China’s earlier-than-previously-expected rise to number one reflects a downgraded long-term US outlook rather than a structural upgrade for China. The UK is expected to hold fifth place until 2040, while Japan, Germany and other advanced economies gradually lose ground to faster-growing emerging markets. To download a copy of Cebr's report, go to https://cebr.com/world-economic-league-table/.

Data from the OECD shows a mixed picture across the 16 G20 countries (US data excluded). In the third quarter of 2025, according to provisional estimates and excluding US data, GDP growth in the G20 increased marginally to 0.8% in Q3 2025, up from 0.7% in the previous quarter. Growth rebounded strongly in Canada (from -0.5% to 0.6%) in Q3 2025. Growth also turned positive in Italy (from -0.1% to 0.1%), while German GDP stabilised (0.0%) after a 0.2% contraction in Q2. Growth increased sharply in Korea (from 0.7% to 1.3%), and more moderately in France (from 0.3% to 0.5%), India (1.8% to 2.0%), and China (1.0% to 1.1%). By contrast, other G20 countries experienced either contractions or slower growth in Q3 compared with Q2 2025. GDP contracted in Japan and Mexico (by 0.6% and 0.3%, respectively), slowed in Saudi Arabia (from 1.9% to 1.4%), Türkiye (1.6% to 1.1%), South Africa (0.9% to 0.5%), Australia (0.7% to 0.4%), and more marginally in Brazil, Indonesia, and the UK. Compared with the same quarter of the previous year, GDP in the G20 area was 3.1% higher in Q3 2025. To read the OECD's news release, go to https://www.oecd.org/en/data/insights/statistical-releases/2025/12/g20-gdp-growth-third-quarter-2025.html.

Outlook for 2026: moderate growth and persistent insolvencies. Coface's Economic Outlook for 2026 suggests that 2025 was a turning point for global GDP, with geopolitics and "weaponised" trade weighing on confidence, consumption and investment. For 2026, it forecasts moderate global growth of around 2.4-2.5%, down from 2.6-2.7% in 2025 and below pre-pandemic potential (which it sees as the new normal). US growth is expected to stabilise slightly below 2%, supported by AI-related investment in data centres, networks and power. In Europe, GDP growth is forecast to stay close to 1%, with Germany around 1% (helped by the Merz plan), and France at 0.6%. China is expected to continue its gradual slowdown, while India remains a key global growth engine. Business failures are expected to continue rising in 2026, though the pace of increase is slowing. To read Coface's news release, go to https://www.coface.com/news-economy-and-insights/economic-outlook-for-2026-preparing-european-businesses-for-turbulence.

Strong but slowing: Allianz Trade forecasts moderate global growth. Allianz Trade's latest Economic Outlook for 2026–27 forecasts steady but easing global growth as economies face persistent structural challenges, geopolitical fragmentation, and shifting financial conditions. Global GDP growth is expected to moderate, from 3% in 2025 to 2.9% in 2026 and 2.8% in 2027, with the US and China continuing to provide most of the momentum. The Eurozone is set for only modest improvement: growth of 1.1% in 2026 after 1.4% in 2025, rising to 1.2%-1.3% when excluding Ireland's volatile data. Germany should return to growth at 0.9% in 2026, though structural weaknesses remain, while France is expected to expand by 1.1%, supported by a renewed investment cycle despite political headwinds. To read Allianz Trade's report (or download a presentation of findings), go to https://www.allianz-trade.com/en_global/news-insights/economic-insights/economic-outlook-2026-27-stretching-the-limits.html.

2026 Outlook: Economic predictions from Atradius leaders. Atradius experts (Gordon Cessford, President of Atradius North America; Nikki Kastanakis, Vice President and Regional Unit Director for Atradius' Global Unit; Patrick Scardina, Senior Manager and Risk Underwriter; Dana Bodnar, Senior Economist; and John Lorié, Chief Economist) expect 2026 to be a year of measured progress. In the US, Gordon expects GDP growth of roughly 1.6-1.9%, with inflation easing but likely remaining above target and unemployment edging higher. Nikki expects North America to see mixed performance: Mexico leads with 2-3% growth on nearshoring, while Canada slows to around 1.5%. Patrick warns that US corporate bankruptcies hit record highs in late 2025 and could climb further in 2026. John anticipates very weak global trade growth in 2026, if any at all. To read Atradius' article, go to https://resources.atradius.us/trends-and-insights/2026-outlook-economic-predictions-from-atradius-leaders/.

Global insolvencies look set to hit a record high in 2026. Allianz Trade's new report, 'Global Insolvency Outlook 2026-2027', warns that the global business environment faces a prolonged period of elevated risk, with global business insolvencies rising by +6% in 2025 and again by +5% in 2026, before a modest decline in 2027. This will mark the fifth straight year of increases, leaving global insolvencies 24% above pre-pandemic levels and extending a pattern of rising failures that has continued for twelve consecutive quarters since mid-2022. Growth will be uneven across regions. Asia will remain the biggest driver, contributing around half of the global increase, led by China (+9% in 2025 and +10% in 2026). The US is also expected to continue its rebound (+9% in 2025, +8% in 2026). By contrast, markets such as the UK and Spain are stabilising, and Western Europe could see a slight decline (-2%) in 2026. To read Allianz Trade's Global Insolvency Outlook, go to https://www.allianz-trade.com/en_HK/insights/global-economic-insights/global-insolvency-outlook-2026-27.html.

US insolvencies rise above pre-pandemic levels for the first time. Research by Coface has found that US business insolvencies have risen consistently above pre-pandemic levels for the first time, with 6,574 bankruptcies in Q3 2025 – the highest since Q2 2014 and around 15% above the 2019 average. Larger failures were heavily concentrated in retail, industrials and healthcare (71% of large insolvencies in H1 2025), signalling broader stress down the supply chain. In retail, rising failures reflect weaker real wages and the structural shift towards online, hitting casual dining chains and store-heavy models. In industrials, insolvencies are linked to the 2022-23 manufacturing recession, with output still below its 2018 and 2022 peaks, while labour shortages, rising wage bills, and lower reimbursement rates are driving healthcare failures. Coface expects insolvencies to remain above pre-pandemic levels, with some room for improvement from the second half of 2026. To read Coface's news release, go to https://www.coface.com/news-economy-and-insights/us-insolvencies-rise-above-pre-pandemic-levels-for-the-first-time.

Credit Management News & Resources

Company Watch launches UK Acquisitions dataset. Company Watch has expanded its corporate intelligence coverage with a new UK Acquisitions dataset, giving users clearer visibility of recent takeover activity involving UK public companies. The data captures acquisitions of UK listed firms, as well as deals by UK public companies for both public and private targets. Each record includes the acquisition date, acquired company name and registration number, disclosed consideration (where available), narrative details of the transaction, and links to official company records. Acquisitions also appear as information flags within a company’s Health Profile, helping users track structural change, ownership shifts and expanding exposures over time. For more information, go to https://www.companywatch.net/product-releases/new-uk-acquisitions-data-to-enhance-corporate-structure-risk-insight/.

Plan ahead to avoid missing important payments in 2026. Bacs has advised that Pay has published a free-to-download processing calendar, which outlines all of the UK public holidays throughout next year. The calendar also highlights the dates when Bacs payments should be submitted to avoid non-processing days. To download a copy, go to https://www.bacs.co.uk/resources/pages/processingcalendar.aspx.

Free service provides Prompt Payment Reports and insight into payment culture in the UK. The Good Business Pays website has a free facility that enables users to enter a company's name to receive a Prompt Payment Report detailing the average time the company takes to pay invoices, the volume of invoices it pays late, its performance in comparison to other companies, and the payment terms it offers. Users of the website are also encouraged to submit their own data based on past trading experience. In late 2021, the service introduced an annual Good Business Pays Fast Payer Award for companies that demonstrate good practices in fast and on-time payments to their smaller suppliers over time. The service has accredited nearly 300 companies this year with its Fast Payer Award. For more information, go to https://goodbusinesspays.com/.

Atradius releases over 500 industry forecasts globally. Atradius has published an updated 'Industry Performance Forecast per Market', providing sector-by-sector business performance and credit risk assessments from its underwriters across key markets in Europe, the Americas and Asia-Pacific. In total, 555 forecasts have been issued: 149 are rated low risk, 212 moderate risk and 194 high risk. Outlooks for food, pharmaceuticals, financial services, chemicals, electronics/ICT and agriculture are generally more favourable than the overall benchmark. Machines/engineering and services sit in the mid-range. Risk is elevated in transport, automotive, consumer durables and paper, while the most negative assessments are concentrated in construction, metals/steel and textiles. To read Atradius’ news release, go to https://atradius.co.uk/knowledge-and-research/news/atradius-releases-over-500-industry-forecasts-globally

Events & Professional Development

12th Supply Chain Finance Summit. 28 - 29 January 2026, Mayer Brown in London.

Why SCFS26 Is Set to Be a Defining Event for the Supply Chain Finance Industry
The 12th Supply Chain Finance Summit (SCFS26), taking place on 28 - 29 January 2026 at Mayer Brown in London, is set to bring together many of the most influential organisations shaping the future of global trade and working-capital finance. With supply chains navigating geopolitical uncertainty, regulatory change and rapid
technological disruption, this year’s summit arrives at a decisive moment for the industry.
The event features senior representatives from major international banks including HSBC, Citi, Société Générale, Danske Bank, ING, Lloyds Banking Group, MUFG, Rabobank, Bank of America, JP Morgan, Intesa San Paolo, SMBC, Credit Agricole and Siemens Bank, alongside global institutions such as the IFC and the EBRD. Corporate voices also play a substantive role, with speakers from organisations including Liberty Global, Bio-Rad, Danone and others contributing perspectives from the real economy.
Across two days, the summit will address the sector’s most pressing themes: the outlook for global SCF growth, the impact of evolving accounting and regulatory standards, ESG integration, and the technologies reshaping financing models - from embedded SCF and AI-driven risk tools to digital documentation and tokenisation.

For practitioners, policymakers and corporates seeking a clear, forward-looking view of supply chain finance, SCFS26 offers a concentrated forum where industry leaders assess risks, share practical developments and explore the opportunities emerging across global markets.

SCFS26 offers delegates a comprehensive overview of a sector undergoing rapid evolution. For organisations seeking clarity amid shifting market conditions, and for those looking to benchmark their strategies against industry leaders - the summit provides a timely and substantive forum for discussion. Grab your tickets here: https://bcrpub.com/event/supply-chain-finance-summit-2026/.

UK Invoice Finance and ABL Summit. 2-3 March 2026. The Birmingham Conference & Events Centre.
Almost one in three UK SMEs say the cost of finance is holding back their growth in 2025. Rising borrowing costs, tough credit conditions, and persistent late payments are leaving many businesses searching for more flexible and innovative funding options.

That’s why the new UK Invoice Finance and ABL Summit (UKIF26), hosted by BCR in partnership with UK Finance, comes at such a pivotal moment. The summit will tackle the SME funding gap head-on, exploring how invoice finance and asset-based lending can step up to deliver more value, scale, and resilience for the sector.

UKIF26 will highlight how receivables financiers are:

Leveraging cutting-edge technologies, including AI and data-driven risk tools.
Navigating government initiatives and evolving regulation.
Developing strategies to counter late payment practices and credit risk.
Creating new ways to attract clients and increase engagement from existing users.

The central question: is this enough to accelerate market growth, or does the sector need to go further?

For banks, independents, fintechs, and all professionals engaged in the UK invoice finance ecosystem, UKIF26 is an unmissable opportunity. Attendees will gain fresh insight into an industry whose business model is evolving rapidly, and unlock new avenues for growth.

Beyond the content, the summit provides exceptional networking and deal-making opportunities, with real-life case studies and solution-sharing from industry leaders.
For more information, go to https://bcrpub.com/event/second-annual-uk-invoice-abl-summit/.

2026 Receivables Finance International. 5-6 May, Hilton Berlin

Hosted by BCR, the 2026 Receivables Finance International (RFIx26) continues its legacy as the premier global gathering for the receivables finance industry. Now in its 26th year, RFIx brings together leading industry figures from around the world for two days of forward-looking insight, strategic dialogue, and high-level networking in Berlin.

In 2026, RFIx will spotlight innovation, collaboration, and growth across a rapidly evolving financial ecosystem. As markets adapt to new technologies, regulatory shifts, and global economic trends, the event will explore how receivables finance continues to transform to meet the needs of modern trade.

Each year, RFIx attracts an exceptional mix of participants, from trade banks and independent finance providers to fintechs, insurers, software innovators, consultants, legal experts, and corporate treasurers – all shaping the future of working capital finance.

Join us in 2026 as we connect, collaborate, and chart the next chapter of receivables finance.

Programme Coming Soon

For more information, go to https://bcrpub.com/event/26th-annual-receivables-finance-international/.

TXF Middle East & Africa 2026: Agency, Energy & Infrastructure Finance. 7 - 9 April, Dubai
TXF returns to Dubai for MEA 2026, where we'll be connecting ECA, project, and development finance dealmakers across the Middle East and Africa, as more credit lines flow between both regions. One ticket grants you access to the most active exporters, borrowers, infrastructure and energy developers, project sponsors, equity investment funds, institutional investors, debt providers, ECAs, DFIs and more. Key topics include:

Borrowers' Choice: Exploring investment opportunity in the Middle East
Sovereign finance in focus: How can ECAs better support sovereign guaranteed projects?
Financing Emerging Markets: What opportunities are available in MENA’s smaller markets?
The ESG Debate: Examining the impact of ESGs on project development in Africa and the Middle East
The Role of ECAs, DFIs and MDBs: Their latest projects, policies and initiatives

98% of previous attendees said they will do more business as a result of attending the event. Don’t miss out. Find out more and secure your place here:
https://mea2026.exilegroup.com/.

Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quoteCIN15 to apply for 15% off.

TXF Global 2026: Export, Agency & Project Finance. 9 - 11 June, Prague
Gather with 1,500 senior decision-makers shaping the future of export, project, and development finance, where global deal origination begins.Exile Group once again brings together our three key brands TXF (export

finance), Proximo (project finance) and Uxolo (development finance) for an unbeatable opportunity to network, collaborate and originate deals.

Connect with the powerhouses of the industry: Step into this premier international gathering where over 1500 dealmakers from ECAs, DFIs, exporters, borrowers, developers, project sponsors, SOEs, government ministries, commercial banks, private insurers, law firms and institutional investors converge at the go-to event of the year!
Unlock your origination potential: With just one trip, you'll be able to collaborate and originate deals with a wide range of stakeholders, and hold multiple meetings in one place for a jam-packed three days that will give you a fantastic return on your investment.
Diversify your pipeline: With a global presence (over 65 countries in 2025), attendees will have the opportunity to learn from diverse perspectives, discover international best practices, and foster cross-border collaboration to enrich their own strategies and grow their business.

86% of past attendees confirmed they will do more business as a result of attending the conference, making the event a true catalyst for the markets we cover. This is the event of the year you cannot afford to miss. Secure your presence, view the agenda and find out more here: https://global2026.exilegroup.com/.

Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quoteCIN15 to apply for 15% off.

TXF Credit & Distribution Day 2025. 12 June, Prague
We are delighted to bring an all-new Credit & Distribution day to Prague! This event will examine how underwriters, brokers and distribution and syndication bankers are reassessing risk, adapting to the latest regulatory change, and finding new ways to distribute capital efficiently.

Why Attend?

Optimize capital structure, ensure regulatory compliance, and enable sustainable business growth
Build a diversified risk portfolio, foster strong partnerships, and create cross- sell opportunities with banks, ECAs, DFIs, and corporates
Access bespoke, high-quality risks to enhance portfolio diversification.

Unlock your potential. Don’t miss this opportunity to connect in-person with banks, ECAs, DFIs, corporates, insurers, brokers, asset managers and more for new business opportunities and lasting partnerships. Spaces are limited - to find out more and book your place visit: https://creditanddistribution26.exilegroup.com/.
Exclusive 15% Discount for CIN Readers. Contact marketing@exilegroup.com and quote
CIN15 to apply for 15% off.

About this month's Sponsor: Bondaval

Bondaval combines insurance and technology to insure receivables for the world's best credit teams, so they can extend more credit, win more business and secure better financing terms.

S&P AA- rated underwriting capacity is provided in partnership with Swiss Re Corporate Solutions, combining the heritage in risk transfer and financial strength of Swiss Re Group with the innovation of Bondaval as technology provider and underwriting agent.

Founded in 2020, Bondaval is licensed across 30 countries, with a global team of 40+ across London, New York, and Dallas.