
Welcome to the July 2025 issue of Credit Management News Digest. Farosol is this month's sponsor.
Index
UK & Ireland: Late Payment, Business Distress & Insolvencies
Global: Late Payment, Insolvencies & Global Economy
Events & Professional Development
About this month's sponsor: Farosol​
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UK & Ireland: Late Payment, Business Distress & Insolvencies
Three in four UK SMEs are owed money by late-paying customers. LondonLovesBusiness has reported that 77% of businesses are owed money by their late-paying customers, according to a survey of UK SME business owners and managers by Purbeck Insurance Services. SMEs with 10 or more employees are owed an average of between £18,000 and £22,000 in unpaid invoices, with larger SMEs of 100-249 employees reporting the most significant late payment problem (with firms typically owed £22,102). Micro businesses of 1-9 employees typically face £8,441 in unpaid invoices. Unsurprisingly, 60% of the SMEs surveyed believe late payment is adversely impacting their business. To read LondonLovesBusiness' article, go to https://londonlovesbusiness.com/three-in-four-smes-are-owed-money-by-late-paying-customers/.
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UK payment defaults fall as Atradius sees early signs of recovery. Insurance Business has reported that, over the period from May 2024 to May 2025, Atradius reported a 1% year-on-year decrease in payment defaults across all sectors. The largest year-on-year reductions in payment claims were observed in the agriculture, electronics, and transport sectors; agriculture recorded a 57% decline, while electronics and transport saw decreases of 50% and 30%, respectively. James Burgess, Head of Commercial UK at Atradius, commented: "It's reassuring to see a decline in payment defaults, particularly in sectors that have faced significant challenges over the past year. These early indicators of recovery are encouraging, but caution remains key."
To read Insurance Business' article, go to https://www.insurancebusinessmag.com/uk/news/breaking-news/uk-payment-defaults-fall-as-atradius-sees-early-signs-of-recovery-540191.aspx.
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The UK Government appoints a new Small Business Commissioner as part of its efforts to boost SMEs and tackle late payments. Emma Jones CBE, founder of Enterprise Nation, has been announced as the UK's new Small Business Commissioner. She will take up the role on 23 June 2025, following the completion of Liz Barclay's four-year term as the current Commissioner. In her new position, Emma will play a key role in addressing late payments and long payment terms for small businesses and the self-employed. Small Business Minister Gareth Thomas said: "As part of our Plan for Change, I'm determined to make the UK the world's best place to be an SME, tackling late payments, improving access to finance and getting more small firms exporting around the world." To read the UK government's news release, go to https://www.gov.uk/government/news/government-appoints-emma-jones-cbe-as-new-small-business-commissioner-to-help-tackle-late-payments.
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The UK government "wields the procurement stick" on late payment. Construction Enquirer has reported that major contractors could be barred from bidding for public sector contracts worth over £5 million a year if they cannot prove they pay their supply chain within an average of 60 days. This builds on current rules for central government contracts, where suppliers must already pay 95% of invoices within 60 days, with an average payment period of 45 days overall. Under the new plan, the rules would apply to all invoices a business pays, not just those linked to public work. The proposal is part of a wider government plan to drive cultural change in commercial behaviour and build stronger supply chain resilience in public procurement. To read Construction Enquirer's article, go to https://www.constructionenquirer.com/2025/06/27/government-wields-procurement-stick-on-late-payment/.
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Ireland 2025: 42% of B2B invoices are not paid on time, and 4% result in bad debt. Atradius' latest survey reveals that the payment behaviour of B2B customers across industries in Ireland has remained broadly consistent in recent months, although apparent stability does not necessarily reflect financial ease. Trade credit continues to play a key role in B2B transactions, now accounting for 58% of sales to business customers. Payment terms have remained largely unchanged, typically ranging from 30 to 60 days from invoicing. Specifically, 54% of invoices are paid on time, 42% are overdue, and 4% result in bad debt. The agri-food sector has been especially affected, underlining its vulnerability to customer insolvency and liquidity risks. To read Atradius' news release, go to https://atradius.co.uk/knowledge-and-research/reports/b2b-payment-practices-trends-ireland-2026.​
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Q2 2025 sees the highest number of Profit Warnings in a single quarter for more than two years. InfolinkGazette's latest Quarterly Report reveals that Q2 2025 saw a surge of more than 45% (to 156) in Profit Warnings compared to Q1—an increase of 12% compared to the corresponding period in Q2 2024. 156 is the highest number of Profit Warnings seen in a single quarter for more than two years, with data indicating that an increasing number of companies cite lower sales and increased costs as the primary driver. More encouragingly, InfolinkGazette's research also found that the number of debtor driven HMRC Courts filings (598 in Q2 2025) showed a slight decrease from Q1 2025 (660 filings). However, these numbers remain significantly elevated compared to the 183 filings in Q2 2021. Winding Up Petitions are also on the rise again; 3,418 petitions were filed in Q2 2025, compared to 2,479 at the end of Q1. To read Tech City Labs' new release, go to https://www.techcitylabs.com/resources.
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June insolvency data: Insolvencies continue to hover well above the pre-pandemic average. New data from Creditsafe has revealed that June's insolvency figures indicate a 6% decrease from May 2025, with 2,353 businesses across the UK and Northern Ireland entering insolvency. Although this represents a 2% decline compared to the same period last year, overall insolvency volumes still remain elevated following a steep rise in March and continue to hover well above the pre-pandemic average. Construction remained the most affected industry in June, with 389 firms becoming insolvent, accounting for 17% of all business failures in the month. Notable insolvencies included Elements Europe, a modular unit construction firm, and Building for Humanity, both of which entered administration. To view Creditsafe's findings, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.
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Corporate insolvencies in England and Wales increased by 15% compared to May 2024. The latest data from the Insolvency Service indicate that corporate insolvencies in England and Wales increased by 7.9% in May 2025 (to 2,238) compared to April, and were 15% increase highter than in May 2024.​ One in 189 companies on the Companies House effective register (at a rate of 53.0 per 10,000 companies) entered insolvency between 1 June 2024 and 31 May 2025. However, while the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period. To view the official data, go to https://www.gov.uk/government/statistics/company-insolvencies-may-2025/commentary-company-insolvency-statistics-may-2025.
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​​​​​UK Economy
The UK economy shrank by 0.3% in April. New data from the Office for National Statistics (ONS) estimates that monthly UK GDP fell by 0.3% in April 2025, following growth of 0.2% in March 2025. However, GDP is estimated to have grown by 0.7% in the three months to April 2025, compared with the three months to January 2025, largely driven by growth in the services sector in this period. Monthly services output fell by 0.4% in April 2025, following a 0.4% growth in March 2025, and was the largest contributor to the decline in GDP for the month, although it grew by 0.6% in the three months to April 2025. Production output fell by 0.6% in April 2025, following a fall of 0.7% in March 2025, but grew by 1.1% in the three months to April 2025. Construction output grew by 0.9% in April 2025, following growth of 0.5% in March 2025, and grew by 0.5% in the three months to April 2025. To read the ONS' news release, go to https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/april2025.
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Headwinds hit UK growth prospects. According to the Confederation of British Industry's (CBI) latest Economic Forecast, the UK economy is facing considerable domestic and international headwinds that are set to weigh on growth prospects this year and into next. The CBI now predicts that UK GDP growth in 2025 will be 1.2% —a downgrade from the CBI's December forecast of 1.6%. Growth in 2026 is projected to be 1.0% —also down from the CBI's December forecast of 1.5%. However, in 2026, the economy is expected to gradually improve quarter by quarter, aided by rising consumer spending resulting from recent real income gains, lower interest rates, and falling inflation. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/headwinds-hit-uk-growth-prospects-cbi-uk-economist-forecast-june-2025/.
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Slower UK growth for the rest of 2025. The House of Commons Library has published an Economic Update, suggesting that after strong GDP growth in Q1 2025, the UK economy is expected to grow more slowly over the remainder of the year. Nevertheless, some indicators tentatively suggest that economic conditions have improved over the past couple of months. The Update notes that the Bank of England expects quarterly GDP growth to slow to around 0.25% in the second quarter of 2025—slightly higher than previously anticipated. In addition, the Lloyds Bank business barometer, a survey of UK companies, showed some improved confidence among firms in May, more than making up for the decline seen in April. Notably, May's reading was the highest in nine months. Similarly, the GfK consumer confidence barometer improved for the second consecutive month in June. To read the Update, go to https://commonslibrary.parliament.uk/economic-update-slower-growth-for-the-rest-of-2025/.
Licensed under the terms of Open Government. Licence v3.0.
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UK mid-sized businesses are optimistic about plans to export overseas despite recent turmoil in global trade and tough economic challenges. According to new research from BDO, 45% of over 500 UK mid-sized business leaders are confident about their growth prospects over the next 12 months, with may regarding exports as an important part of their growth strategy over the next year. Asked which regions would be the most appealing to their business, 37% said the Asia-Pacific region was the most attractive, while 21% were most interested in selling products or services to customers in the Middle East, North Africa, or Sub-Saharan Africa. For 42% of respondents, the opportunity to diversify away from dependence on other markets was the factor underpinning the region's appeal. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2025/mid-sized-businesses-predict-growth-despite-trade-bottlenecks.
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Confidence among UK firms remains weak. In the largest survey of business sentiment since April's rise in employer National Insurance, the British Chambers of Commerce (BCC) Quarterly Economic Survey for Q2 shows that confidence among UK firms remains weak. Only 49% of responding firms expect their turnover to increase over the next 12 months—the second-lowest figure since the aftermath of the mini-budget in late 2022. 20% of businesses expect turnover to worsen, and 31% expect no change. Confidence levels remain lowest in the hospitality sector (33%) and retail (44%). More positively, over a quarter of businesses (26%) reported an increase in cash flow over the last three months, up from 21% in the previous quarter. 30% reported a fall in cash flow (down from 33% in Q1), while cash flow remained the same for 45%. To read the BCC's news release, go to https://www.britishchambers.org.uk/news/2025/07/fragile-outlook-remains-after-ni-tax-hike/.
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UK private sector growth expectations remain weak. According to the CBI's latest Growth Indicator, UK private sector companies expect activity to fall at a firm pace in the three months to September (weighted balance of -18%). Expectations are less negative than in May, but they extend a period of pessimism that began late last year. Business volumes in the services sector are anticipated to decline (-14%), driven by expected falls in both business & professional services (-10%) and consumer services (-31%) volumes. Distribution sales are expected to fall in the three months to September (-40%, the weakest expectations since September 2022), while manufacturers expect output to fall only slightly (-5%). To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/private-sector-growth-expectations-remain-weak-cbi-growth-indicator-june-2025/.
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The US is no longer a desired growth market for UK manufacturers. According to the Make UK/BDO Q2 Manufacturing Outlook survey, the US has slipped to fourth place as a prospective growth market for UK manufacturers, with preference now shown to Asia/Oceania and the Middle East. This is the first time the US has not been the second most favoured destination for export growth, behind the EU, in the history of the survey. Separate data from a survey on the impact of tariffs conducted by Make UK also shows that six in ten companies expect their export volumes to the US to be hit, while a similar number expect their business to be negatively impacted by tariffs. Furthermore, 30% of UK companies are assessing changes to their supply chains in terms of where they source from. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2025/united-states-nosedives-as-desired-growth-market-for-manufacturers-make-uk-bdo-survey.
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The US administration's tariff policies are significantly impacting UK SMEs. According to new research from Bibby Financial Services (BFS), 55% of UK SMEs see tariffs as a key economic challenge today—up 15% compared to last year. Furthermore, 47% expect tariff uncertainty to reduce their overseas trading volumes by the end of this year, rising to 51% for those whose most important export market is the US. Although the recent trade deal signed between the UK and the US offers hope, it may come too late: 20% of SMEs are turning their back on the US by reducing the number of US customers they work with, while 59% are switching to making FX payments in euros and sterling to mitigate the volatility of the dollar. China leads the way as the top new country being targeted for exports in the next 12 months. To read BFS's news release, go to https://www.bibbyfinancialservices.com/knowledge-hub/news/2025/global-tariff-turbulence-costs-smes-thousands.
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Research suggests a five-year high in the proportion of UK enterprises that cite barriers holding back their growth. According to new research from Novuna Business Finance, 84% of small business owners in the UK cite barriers holding their businesses back from growth—and in the manufacturing sector (96%), the figures have reached a 10-year high. The percentage of small businesses stating they are experiencing barriers that are holding back growth has remained at a consistent level for five years—and is now rising to a new five-year peak. Market uncertainty is the most significant perceived growth barrier for small business owners; this summer, 48% of business owners cited it as a key factor holding back their business growth—up from 41% this time last year. The percentage of enterprises that say rising fixed costs are holding back growth has also increased in the last year, from 25% to 31%. To read Novuna's news release, go to https://www.novuna.co.uk/news-and-insights/business-finance/percentage-of-small-businesses-experiencing-barriers-to-growth-hits-five-year-high/.
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Global: Late Payment, Insolvencies & Economic Growth​
US accounts receivable industry report reveals persistent payment challenges. The Q1 2025 US Accounts Receivable Industry Report from Dun & Bradstreet reveals persistent payment challenges: 17 of 209 industry segments reported that at least 10% of their outstanding receivables were 91+ days past due, closely mirroring Q4 2024’s 16 segments. Organised by SIC code across 15 categories—from Agriculture and Manufacturing to Technology and Transportation—the report categorises companies by payment timeliness: current, 30, 60, 90, and 91+ days late. A preview of the top 15 industries reveals that the Manufacturing, Retail, Transportation, Food, and Business & Professional Services segments all have more than 10% of receivables that are severely delinquent. To download D&B's report, go to https://www.dnb.com/en-us/blog/financial-risk/accounts-receivable-aging-report.html.
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After a 3.3% rebound, Global GDP looks set to ease to 2.8%. Aon's H1 2025 Market Insights Report predicts that, following a robust post-pandemic rebound in 2022, global growth is projected to decelerate, stabilising at around 2.8% by 2026. However, growth trajectories vary significantly across regions. The US has seen solid growth but is expected to slow, reflecting the lagged effects of higher interest rates and waning consumer demand. The Eurozone and UK face more pronounced headwinds, with Eurozone growth having been barely above zero in 2023 and 2024 before a modest recovery to 1.5% in 2026. The Asia-Pacific region remains the global growth engine, led by China and India, with strong forecasts expected to persist. To read Aon's report, go to https://www.aon.com/en/insights/reports/market-insights-report-h1-2025?.
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Global economic growth is predicted to reach 2.3% in 2025. AU Group's latest G-Grade for Q2 2025, which summarises over 140 country risk assessments by leading credit insurers such as Allianz Trade, Atradius and Credendo predicts that global economic growth will reach 2.3% in 2025, a slowdown from 2.9% in 2024. The Eurozone is expected to experience a modest acceleration in growth, reaching 0.8 % in 2025. The US economy is forecast to grow by 0.8% in 2025, marking a slowdown from its 2024 growth rate of 2.8%. China is predicted to experience a gradual slowdown in activity, with GDP growth forecast at 4.5% in 2025. While still significant, this rate marks a clear deceleration compared to previous years. In the rest of Asia, growth prospects vary across countries, but the region as a whole looks set to maintain growth above the global average. Senegal was the only country downgraded this quarter, with its G-Grade lowered from 6.5 to 7. To read the G-Grade, go to https://au-group.com/en/studies-and-publications/au-g-grade-q2-2025.
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Global growth in 2025 is expected to slow to its weakest pace outside of recessionary periods. In its mid-year economic outlook, Allianz Trade predicts that global growth will remain sluggish at 2.5% in 2025, the slowest since 2008 outside of recession periods. The US forecast has been upgraded by 0.8 percentage points to 1.6% in 2025-26 due to lower effective tariffs. The Eurozone is expected to experience growth of 1.2%, primarily driven by smaller economies, while Germany is projected to grow by 1% in 2026, following a 0.1% increase in 2025. The UK is expected to grow by 0.9% in 2025 and 1.2% in 2026, France is set to grow by 0.6% in 2025 and 1.1% in 2026, and Italy is forecasted to grow by 0.6% in 2025 and 0.8% in 2026. Spain continues to show strong performance, with growth rates of 2.2% in 2025 and 1.8% in 2026. China is expected to grow by 4.5% in 2025 and 4.2% in 2026, and emerging markets show mixed results. To read Allianz Trade's news release, go to https://www.allianz-trade.com/en_global/news-insights/economic-insights/mid-year-economic-outlook-2025-26-summertime-sadness.html.
Asia Payment Survey 2025: Companies expect payment behaviours to worsen amid economic uncertainty. The Asia Payment Survey, conducted by Coface in Q1 2025, which provides insights into the evolution of payment behaviour and credit management practices of about 2,400 companies active in nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Taiwan and Thailand) and thirteen sectors, has found that the average payment delay was unchanged at 65 days in 2024 but the share of companies experiencing payment delays dropped to 49%. However, the share of companies reporting ultra-long payment delays (ULPDs)—those exceeding 180 days and accounting for more than 2% of annual revenue—rose to a new high of 40%, up from 23% in 2023. Such delays were highest in China, India, Thailand and Malaysia. All thirteen sectors saw increased ULPDs, with the most notable increases in Wood (+37%), Agri-food (+20%) and Automotive (+18%). To read Coface's news release, go to https://www.coface.com/news-economy-and-insights/asia-payment-survey-2025-companies-expect-payment-behaviors-to-worsen-amid-economic-uncertainty.
Tariffs and uncertainty undermine global growth. Atradius has reported that, as the dust settles a little after President Trump's "Liberation Day", the effective US tariff rate stands around 15%, up from 2.4% at the end of 2024 and the highest level since the Great Depression. Atradius notes that the uncertainty of what happens next is weighing heavily on business, and, with that in mind, estimates that global growth will decrease to 2.4% in 2025 and 2026, a 0.6% drop compared to its March 2025 forecast and a 0.9% decline from its pre-tariff January 2025 prediction. Atradius adds that whatever happens from now on, much damage has already been done. "We expect the impact on global GDP growth, inflation and trade to be significant," commented Dana Bodnar, Economist at Atradius. To read Atradius' article, go to https://atradius.co.uk/knowledge-and-research/news/tariffs-and-uncertainty-undermine-global-growth.
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Global GDP is poised to slow as geopolitical uncertainty and the de-globalisation trend force executives to 'pause' and 'prepare'. KPMG International is forecasting that global GDP growth will slow to rates not seen since the global financial crisis of 2008/9 as geopolitical and economic uncertainty become core themes for CEOs. The latest KPMG Global Economic Outlook predicts that global GDP is poised to slow from 3.2% in 2024 to 2.7% in 2025, before regaining some ground to 2.8% in 2026. Europe is expected to face a modest growth outlook in the short term, with Eurozone GDP projected to increase by around 0.9% in 2025 and 1.1% in 2026. The picture is mixed, however, with subdued overall growth masking divergent performances across the continent. To read KPMG's news release, go to https://kpmg.com/xx/en/media/press-releases/2025/06/gdp-poised-to-slow.html.
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Credit Management Resources
New weapon for late payment warriors. The Construction Index has reported the introduction of a new tool designed to expose non-paying contractors in the construction industry. Good For The Money, or GFTM, is a new online service that enables construction suppliers and subcontractors to expose bad payers without revealing commercially sensitive information. The platform, www.gftm.ai, has been part-financed by a £100,000 government grant from Innovate UK. The article notes that, unlike traditional credit agencies such as Dun & Bradstreet or Experian, which rely on Companies House filings, GFTM delivers live, data-backed insight directly from suppliers who trade with shared customers. "This isn't just a platform—it's a shift in how construction suppliers protect themselves," claimed Jeremy Price, chief executive and co-founder of GFTM. To read The Construction Index's article, go to https://www.theconstructionindex.co.uk/news/view/new-weapon-for-late-payment-warriors.
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Tech City Labs unveil their new Signals engine - initially deployed to identify 688 high-risk UK charities. Tech City Labs, in partnership with FRP Advisory, has used its new Signals engine to analyse 184,990 UK charities and spot those at heightened risk. AI transformed unstructured "dark" data into machine-readable insights, while large language models mapped relationships with solicitors, auditors, and bankers and computed over forty key financial ratios. The new product eliminated months of manual review, and, going forward, will enable emerging risks to be flagged as soon as new filings are received. In this instance, from 1,230 initial “High Risk” charities, 688 were consequently identified as needing FRP’s immediate attention. As Benjamin Sims, Managing Director of Tech City Labs, explains, the Signals engine isn’t limited to the charity sector and can also be used for other industries. To read Tech City Labs' news release, go to https://www.techcitylabs.com/resources/signals-charities.
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Events & Professional Development
GTR Asia, 2-3 September 2025. Singapore.
GTR Asia will return to Singapore on September 2-3, 2025, once again serving as the premier platform for the trade community in the Asia Pacific region, attracting senior decision-makers from the worlds of trade and supply chain finance, commodity finance, fintech and treasury.
This year’s event is packed with dynamic and engaging formats aimed at maximising audience participation and dialogue. Highlights include the highly anticipated Tradetech Showcase hosted by GTR Ventures, a new boardroom scenario session focused on global trade security, in-depth discussions, fireside chats, interactive presentations and more. The afternoon of day one will also feature the Asia Bank to Bank Forum, hosted by the Bankers Association for Finance and Trade (BAFT), presenting leading discussions around banking and finance.
Across the two days, more than 100 expert speakers will address a wide range of topics, from global trade realignment and Asia’s role in a multipolar global economy to supply chain strategy, the evolving lending landscape, the drive toward digitalisation and the need for greater collaboration. The programme will also feature analysis of the Asian Development Bank’s flagship Trade Finance Gaps, Growth and Jobs Survey 2025.
Enjoying support from the region’s leading financial institutions and in close partnership with Singapore’s key government agencies and trade bodies, GTR Asia 2025 promises to deliver unparalleled networking opportunities, thought-provoking content and vibrant discussions.
Don’t miss your chance to join the unrivalled opportunity to catch up with old friends and build those crucial new market connections at what is set to be an excellent conference. We look forward to seeing you there!
10% Early Booking Discount– Available until August 1, 2025.
For details, go to https://www.gtreview.com/events/asia/gtr-asia-2025-singapore/.
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SCHUMANN Conference 2025, 18 September 2025. Marriott Hotel, Frankfurt, Germany.10.00 a.m.
We’re back – live and in person! The SCHUMANN Conference on Digital Credit Risk Management 2025 returns as an on-site event, bringing together thought leaders, practitioners, and innovators from across industries.
What to expect:
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Inspiring panel discussions
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Hands-on deep dive sessions
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Targeted masterclasses on key topics
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The Innovation Hub featuring our latest technologies and solutions
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Direct exchange with industry experts and partner companies
Learn from best practices, gain new insights, and network with professionals and peers – all topped off with an exclusive evening event.
Want to be part of it?
Feel free to get in touch: conference@prof-schumann.de
We’re looking forward to welcoming you!
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GTR Commodities, 23 September 2025. Geneva
After a record-breaking attendance of over 450 delegates at the 10 year anniversary of GTR Commodities, we are delighted to be returning to Geneva on September 23, 2025!
The premier gathering for the global commodity financing sector will provide unmatched networking potential, giving ample opportunity to connect with leading industry representatives and exhibitors. Rekindle with peers and build new business contacts in over 3 hours of breaks in the exhibition hall. Over 50 top commodity trade and finance experts will gather in high-level event discussions to explore the latest market insights and share first-hand industry experiences. GTR looks forward to seeing you there!
Event discussions include:
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Emerging volatility in global commodity trade and navigating uncertainty
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Global trade tariffs and the outlook for commodity price signals
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Long-term strategies for corporate investment and capital diversification
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Short-term cash flow and working capital solutions for SME traders
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Managing geopolitical and supply chain risk to inventory and trade
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Liquidity and capex needs for soft and hard commodity markets
10% Early Booking Discount– Available until August 22, 2025.
For details, go to https://www.gtreview.com/events/europe/gtr-commodities-2025-geneva/.
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Asia 2025: Agency, Energy & Infrastructure Finance, 14-16 October 2025. Singapore
Be part of Asia’s most senior gathering for agency-backed finance
This October, join the region’s leading minds in Singapore for Asia 2025: Agency, Energy & Infrastructure Finance, the premier event dedicated to unlocking project and energy finance opportunities across Asia-Pacific.
Hosted by Exile Group, this three-day conference brings together decision-makers from export credit agencies, development finance institutions, banks, sponsors, law firms, and government to discuss the financing of tomorrow’s infrastructure. With tailored networking, insightful panels, and exclusive closed-door sessions, the event offers a unique opportunity to build relationships and identify new deals in key markets from Southeast Asia to Central Asia.
Whether you're advancing sustainable infrastructure, exploring new energy transitions, or facilitating cross-border projects, this is your platform to engage with the right people in the right place.
For more information visit the website, or contact us at marketing@exilegroup.com.
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GTR Egypt, 15 October 2025. Cairo
Following a highly successful event in 2024, which welcomed around 500 delegates, GTR is thrilled to announce its return to Egypt’s capital on October 15, 2025.
Continuing its mission of facilitating cutting-edge insights and innovative ideas in the world of Egyptian trade and export finance, GTR Egypt 2025 will serve as the premier platform for industry professionals to gain fresh perspectives on the future of the market within a broader global context.
From in-depth panel discussions to dynamic networking opportunities in the exhibition hall, don’t miss out on this unique opportunity to engage with corporates, financiers and key stakeholders involved in Egyptian trade and exports.
The GTR team look forward to welcoming you back to Cairo for the next edition!
2024 event discussion themes:
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Is Egypt’s economy finally moving in the right direction?
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Strategic realignment of trade corridors and supply chains
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Overcoming trade barriers and bottlenecks through digitisation
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Changes to the ECA offering and what it means
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The business of treasury explained
Supply chain finance 2.0: Are we entering a new phase?
​10% Early Booking Discount– Available until September 12, 2025.
For details, go to https://www.gtreview.com/events/mena/gtr-egypt-2025-cairo/.
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GTR Türkiye 2025, 20 October 2025. Istanbul.
Having welcomed around 350 delegates to GTR Türkiye last year, we are delighted to return to Istanbul on October 20 for GTR Türkiye 2025.
The leading conference for market insights on exports and trade will once again provide unmatched networking opportunities, enabling delegates to build connections with highly esteemed exhibitors and forge new business contacts. GTR Türkiye will host thought-provoking discussions, where over 50 trade and exports specialists will discuss finance and trade trends in Türkiye as well as the challenges, pressures and solutions. The GTR team looks forward to seeing you again!
Event discussion themes include:
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Emerging flare points and Türkiye in a shifting trade landscape
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Türkiye’s export outlook and optimising corporate strategy
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Agile working capital solutions for SMEs and corporates
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Expanding the domestic bank and FI liquidity ecosystem
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Trade volatility and cashflow, payment and supply chain solutions
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The outlook for new trade linkages and diversifying exports
​10% Early Booking Discount– Available until September 19, 2025.
For details, go to https://www.gtreview.com/events/europe/gtr-turkey-2025-istanbul/.​
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GTR Africa London, 20 November, 2025. London
Set to return on November 20, 2025, GTR is excited to welcome back delegates to GTR Africa London, the UK’s leading and unrivalled Africa-focused trade, export and infrastructure financing conference.
With the anticipated attendance of over 500 industry and trade finance leaders and more than three hours of dedicated networking opportunities, GTR Africa London provides the ideal platform to connect and establish new relationships with leading professionals shaping the future of African trade.
Expect to hear from over 50 expert speakers as they tackle the latest challenges facing African trade, export, and infrastructure finance, and explore the complexities of a rapidly changing global economy and emerging opportunities for trade in Africa. GTR looks forward to seeing you there!
2024 event discussion themes:
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A macro-economic analysis for African trade
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Climate-aligned infrastructure and alternative finance
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Working capital, SME and local bank credit solutions
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The export credit market and impact of OECD reform
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Sovereign debt frameworks and the outlook for reform
​10% Early Booking Discount– Available until October 17, 2025.
For details, go to https://www.gtreview.com/events/europe/gtr-africa-2025-london/.
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TXF Export Finance Dealmakers Assembly 2025, 25-26 November 2025. Vienna.
Join the Export Finance Dealmakers in Vienna
Exile Group invites you to Vienna this November for the TXF Export Finance Dealmakers Assembly 2025 – the essential meeting point for the global export finance community.
This two-day event brings together senior representatives from ECAs, exporters, borrowers, banks, and governments for high-impact networking, strategic discussions, and business-critical connections. With a sharp focus on deal origination and execution, experience a streamlined, dealmaker-driven format designed to maximise face time and accelerate relationships.
Whether you’re closing deals, sourcing finance, or driving policy, Vienna is the place to meet your counterparts and shape the future of export finance.
For more information visit the website, or contact us at marketing@exilegroup.com.
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GTR Nordics, 26 November 2025. Stockholm.
We are thrilled to announce that GTR Nordics will return to Stockholm on November 26, 2025! The region’s premier annual trade, supply chain and export financing event will bring together over 60 thought leaders to discuss the evolving opportunities and challenges impacting Nordic trade, with unmissable networking opportunities providing the chance to connect with the market’s top players, catch up with industry peers and forge new business connections. We hope to see you there!
2024 key discussion themes included:
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Transitional investment and sustainability strategy
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The evolving value of supply chain finance
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Financing transition-critical Nordic industries
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Supporting Ukraine reconstruction
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Working capital optimisation and innovation
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Trade fintech and ecosystem digitalisation
10% Early Booking Discount– Available until October 24, 2025.
For details, go to https://www.gtreview.com/events/europe/gtr-nordics-2025-stockholm/.​
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GTR US, 3 December 2025, New York
GTR are delighted to make a return to Manhattan on December 3, 2025 for the next instalment of GTR US! The leading event for the US trade, supply chain, working capital financing and risk management community will bring together over 500 industry leaders to discuss the emerging trends and opportunities across the market with numerous highly focused and thought-provoking conversations. Providing unmatched networking opportunities with leading industry representatives and exhibitors, don’t miss the chance to rekindle with peers and create new business. GTR looks forward to seeing you there!
2024 key discussion themes included:
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Trade and working capital financing priorities
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Intra-American supply chain growth
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Inventory management practicalities
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Basel Endgame and Regulation Q
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eBills and fintech interoperability
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AI, data and the next trade generation
GTR US once again represents an unmissable date for all those seeking to build their network and practical knowledge across trade, supply chain and working capital financing.
10% Early Booking Discount– Available until October 31, 2025.
For details, go to https://www.gtreview.com/events/americas/gtr-us-2025-new-york/.
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About this month's Sponsor: Farosol
Farosol is a global network of credit insurance brokers which currently has fourteen partners, spread across thirty countries. In total, Farosol members look after the interests of more than five thousand clients, protecting their businesses with a wide range of tailored credit insurance products and credit management services. We also have specialist brokers within our network whose expertise encompasses asset based finance solutions and other related services.
We recently held our eleventh annual conference, the location on this occasion being Chicago, Illinois where the host company, Newstead Group, arranged for a wide variety of guest speakers to attend. These included two senior partners from a firm specialising in U.S. insolvency laws and the rights of creditors, with special emphasis on Chapters 7 and 11, and an expert on international trade and compliance, especially with regard to U.S. trade tariffs, which is clearly very topical at the time of writing. We were also fortunate enough to witness a presentation from the representative of a U.S. based investment management business which specialises in alternative credit solutions. They follow a less than traditional approach to the subject of risk underwriting in that, unlike most credit insurance underwriters, they only have an appetite for higher category risks, particularly those which have already been rejected by their peers.
Farosol’s metier is to deliver expert advice and services to all clients on matters relating to the protection of their businesses. Whilst we operate on a global basis, we treat each client individually and our approach is to ensure that each one has a credit insurance policy that is unique to their requirements.
For more information about us please visit our website, www.farosol.com.