​Late Payments Report: The impact on sole traders and small businesses. Hiscox has published a Late Payments Report (based on a survey of 1,000 sole traders, small business owners, and directors) highlighting the extent of overdue invoices among UK small firms. It says 58% of respondents see late payments as their biggest cashflow issue, rising to 63% among businesses with 10–49 employees. Hiscox also found that 37% are currently chasing 10–20 late payments and, extrapolating from the UK’s 5.45 million small businesses, suggests this could mean up to 109 million invoices are being chased at any one time. When asked what proportion of client payments arrive late, the largest group of respondents (36%) said up to one in five invoices are not paid on time. In addition, 37% of businesses with 10–49 employees estimated they are owed £1,001–£10,000 a year in late payments, underlining the scale of cashflow pressure across the sector. To read Hiscox's report, go to https://www.hiscox.co.uk/business-blog/small-business-late-payments-report.

​​

UK SMEs are now owed an average of £66,770 in unpaid invoices. New research from Bibby Financial Services (BFS), based on a study of 1,000 SME owners and decision makers, reveals that UK SMEs are now owed an average of £66,770 in unpaid invoices, a 10% increase year on year, and suggests that late payment is increasingly becoming a direct constraint on day-to-day operations. BFS found that 42% of SMEs say late payments from customers prevented them from paying staff salaries on time in the last 12 months, while 24% have paused hiring. The pressure is also showing up in balance-sheet resilience: BFS's SME Confidence Tracker indicates 41% of small businesses have dipped into emergency funds to stay afloat over the past year. Meanwhile, the payment environment appears to be deteriorating further, with 62% saying customers are taking longer to pay invoices in full than a year ago. To read BFS's news release, go to https://www.bibbyfinancialservices.com/knowledge-hub/news/2026/two-fifths-of-smes-can-not-pay-staff-on-time-due-to-late-payment.

​

Late payer numbers drop, but £8.75 billion is still paid late. Good Business Pays' Late & Slow Payment Watchlist (2026), an assessment of information published by companies under the UK government's Payment Practices and Performance reporting requirements, has found that the number of "late payers" fell by around 16% year on year, from 263 companies in February 2025 to 223 in February 2026. Late payers are defined here as UK companies that, in their own statutory disclosures, report taking more than 50 days on average to pay suppliers and paying more than half of invoices late. This is the lowest total on the Watchlist since the analysis began in 2023. However, despite the overall improvement, late payment remains concentrated: 122 companies still report paying 70% or more of invoices late, down from 150 a year earlier. New reporting rules also require firms to disclose the value of late payments. For June to December 2025, companies on the list reported £8.75 billion of invoices paid late, including over £5 billion where no dispute was reported. To see the Watchlist, go to https://goodbusinesspays.com/the-late-the-slow-payment-watchlist-spring-2026/.

​​​​

Around 38 small UK suppliers are estimated to close each day due to late payment practices. According to a new report from the House of Commons Business and Trade Committee, UK small businesses are operating under pressures comparable to (and in some cases exceeding) those experienced during the Covid-19 pandemic, but without any equivalent coordinated response from government, regulators, lenders, major customers or the wider supply chain. Late payment remains a central issue: evidence from Sage indicates that small businesses were owed £112 billion in unpaid invoices by the end of 2024, with nearly half of invoices paid late and 60–90-day terms now routine in sectors such as construction. The Committee cites estimates that around 38 small UK suppliers close each day due to late payment practices. To read the report, go to https://committees.parliament.uk/publications/51536/documents/288743/default/.
Licensed under the terms of Open Government Licence v3.0.​​

​

Profit warnings from UK-listed construction companies reach the highest level since the pandemic in 2025. EY-Parthenon's latest Profit Warnings report finds that UK-listed companies in the FTSE Construction and Materials sector issued 18 profit warnings during 2025, more than three times the number recorded in 2024 (five), and the highest annual total since the height of the Covid-19 pandemic in 2020 (33). The report also reveals that 33% of the sector's listed businesses issued at least one profit warning last year (more than double the 14% seen in 2024). The Construction and Materials sector ranked third‑highest for warnings last year, behind only FTSE Software and Computer Services (30 warnings) and FTSE Industrial Support Services (23). The leading factors behind profit warnings from UK-listed construction companies in 2025 were contract and order cancellations or delays (cited in 50% of all warnings), policy change and geopolitical uncertainty (28%), and rising costs (17%). To read EY's news release, go to https://www.ey.com/en_uk/newsroom/2026/02/profit-warnings-construction-companies-highest-since-pandemic.

​

UK insolvencies: January uptick, but 14% lower year-on-year. Monthly statistics from The Insolvency Service has found that company insolvencies in England and Wales ticked up slightly in January 2026. A total of 1,744 businesses entered insolvency, 4% higher than December but 14% below January 2025. The 12-month rolling insolvency rate to January 2026 was 51.7 per 10,000 companies, roughly one in every 193 on the Companies House effective register.. While the rate is higher than the lows of 2020–21, it is still well below the 2008–09 peak (113.1 per 10,000) because the number of registered companies has more than doubled. In 2025, insolvencies were concentrated in Construction (17%), Wholesale/Retail (16%), and Accommodation & Food (14%). To read the Insolvency Services' news release, go to https://www.gov.uk/government/statistics/company-insolvencies-january-2026/commentary-company-insolvency-statistics-january-2026.
Licensed under the terms of Open Government Licence v3.0.

​​

Insolvencies remain elevated by historical standards and significantly above the pre-pandemic average. New data from Creditsafe shows that 2,337 businesses across the UK and Northern Ireland entered insolvency in February, a 27% increase from January and broadly in line with levels recorded in the same month last year. Construction was the UK's hardest-hit sector in February, with 399 firms entering insolvency, accounting for 17% of all business failures that month. Other traditionally high-risk sectors also saw elevated totals: Wholesale and Retail recorded 329 insolvencies, while Accommodation and Food Services saw 304. Combined, those two sectors account for 27% of all insolvencies this month, underscoring their vulnerability amid ongoing economic pressures. To view Creditsafe's findings, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.

​

​​

​​​​​UK & Republic of Ireland Economy 

​NIESR's GDP Tracker says UK GDP grew 1.3% in 2025, but the pattern was uneven. Growth came mainly from investment and government consumption, while household spending was weak, and net trade dragged on overall performance. Activity softened sharply in the final quarter: in Q4 2025, GDP growth only just stayed positive. Production provided most of the support, services recorded no growth, and construction suffered its biggest quarterly contraction since mid-2021. Looking ahead, NIESR expects a modest improvement, forecasting 0.3% GDP growth in Q1 2026. That outlook is broadly consistent with business surveys pointing to a pickup at the start of the year, with services expected to be the main driver. Overall, the tracker highlights slowing momentum and still-fragile consumer demand. To read NIESR's news release, go to https://niesr.ac.uk/publications/disappointing-fourth-quarter. ​​

​

OBR trims 2026 UK growth forecast to 1.1%. The Office for Budget Responsibility's (OBR) Economic and Fiscal Outlook (March 2026) says UK growth has been weak since the post-pandemic rebound, reflecting subdued productivity and the lingering effects of tighter monetary policy. In its central forecast, real GDP growth slows from 1.4% in 2025 to 1.1% in 2026 (0.3 percentage points lower than the OBR's November forecast), due to weaker late-2025 outturns, a loosening labour market and subdued surveys. Growth then picks up to average around 1.6% a year between 2027 and 2030, as productivity gradually improves and spare capacity closes. The OBR also forecasts real GDP per person averaging 1.1% a year from 2026–2030. To download the OBR's report, go to https://obr.uk/efo/economic-and-fiscal-outlook-march-2026/.
Licensed under the terms of Open Government Licence v3.0.

​

UK recovery since 2019 trails peers, Commons Library data shows. The House of Commons Library's Economic Indicators notes that UK GDP grew by just 0.1% in Q4 2025 (after 0.1% in Q3). In the same quarter, eurozone GDP rose 0.3%, with France and Germany rising 0.2% and 0.3% respectively. The briefing also compares recovery since pre-pandemic levels: UK GDP was 5.2% above Q4 2019, versus 6.8% for the eurozone; the US shows the strongest uplift (14.9%), while Germany is the lowest (0.5%). The UK economy grew by 1.3% in real terms in 2025 as a whole, up from 1.1% in 2024. The average independent forecast for UK growth is 1.1%. To read the Economic Indicators report, go to https://researchbriefings.files.parliament.uk/documents/CBP-9040/CBP-9040.pdf.
Licensed under the terms of Open Government Licence v3.0.

​

UK GDP grew 0.1% in the three months to December 2025. The Office for National Statistics (ONS) latest GDP monthly estimate shows UK GDP grew 0.1% in the three months to December 2025, after falls of 0.1% in the three months to November and October (both revised). Services output was flat over the three months, while production rose 1.2% and construction fell 2.1% (its weakest three-month reading since September 2021). On a monthly basis, GDP rose 0.1% in December 2025 after 0.2% growth in November (revised down from 0.3%) and a 0.1% fall in October. In December, services rose 0.3%, but production fell 0.9% and construction fell 0.5%. Year on year, GDP was 1.0% higher in the three months to December compared with the same period in 2024. GDP is estimated to be 0.7% higher in December 2025 compared with December 2024. In terms of annual growth, output GDP is estimated to have grown by 1.3% in 2025, compared with 2024. To read the ONS' news release, go to https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/december2025.

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

Ireland entered 2026 with an economic momentum that set it apart from many of its European peers. Allianz Trade's Ireland Country Risk Outlook 2026 highlights that Ireland remains a low-risk market for enterprises. Ireland's GDP is notoriously volatile, so Allianz Trade suggests Modified Domestic Demand (MDD) is a better gauge of underlying activity. MDD shows the Irish economy has significantly outperformed the eurozone since the pandemic, supported by multinational-heavy sectors (notably technology, pharmaceuticals, chemicals and financial services) and strong exports. Although the outlook flags Ireland's exposure to the US (which takes 30% of Ireland's goods exports), Allianz Trade says the 15% US tariffs imposed on the EU in 2025 are manageable and not a major concern for Ireland's economic model and growth prospects. On credit conditions, it notes business insolvencies surged in 2023–24, began declining in 2025, and are expected to remain lower through 2027. To read Allianz Trade's Outlook, go to https://www.allianz-trade.com/en_GB/insights/economic-research/ireland-country-risk-outlook-2026.html.

 

​UK growth to cool as one-offs fade; insolvencies to decline through 2027. Allianz Trade's latest UK Country Risk Outlook suggests UK growth will cool in 2026 as the one-off factors that supported recent performance fade, before picking up slightly in 2027 (although the economy has little spare capacity to grow much faster than around 1.5%). Business insolvencies have broadly stabilised since 2024, but at an elevated level. Allianz Trade notes that insolvencies in construction and hospitality have eased, and expects a sustained decline in overall insolvencies through 2027. Even so, insolvencies are forecast to remain above pre-pandemic averages. Externally, Allianz Trade flags weak fundamentals: the UK has run a substantial current account deficit for years, and strong services exports are not enough to offset deteriorating goods export performance. To read Allianz Trade's Risk Report, go to https://www.allianz-trade.com/en_GB/insights/economic-research/uk-country-risk-outlook-2026.html.

​

UK startups continue to punch above their weight. New analysis from PwC says UK startups showed greater resilience in 2025, with insolvencies among startups falling despite inflationary pressures and a more cautious funding backdrop. PwC's "Race to Resilience" analysis finds that UK startup insolvencies were down 4.9% year-on-year, reaching their lowest level in a decade as a share of overall company failures. The firm attributes the improvement to founders prioritising governance, cost discipline and unit economics over "growth at all costs" with resilience strongest in areas such as AI-enabled software, climate and health innovation. PwC adds that incorporations and company registrations remain near record highs, suggesting the pipeline of new businesses remains strong. To read PwC's news release, go to https://www.pwc.co.uk/press-room/press-releases/research-commentary/2025/race-to-resilience--uk-startups-continue-to-punch-above-their-we.html.

 

The UK private sector remains under pressure. According to the CBI's latest Growth Indicator, UK private-sector firms expect activity to fall over the next three months (weighted balance -13%). However, pessimism has eased noticeably, with expectations the least negative since November 2024. The downturn is expected to be driven by weaker distribution sales (-36%) and a modest decline in manufacturing output (-12%). Services volumes are also set to dip, but only slightly (-5%). Within services, consumer services remain downbeat (-38%), while business and professional services expect growth in the three months to May (+4%), their most positive since the quarter to October 2024. The subdued outlook follows a slower fall in activity to February (-19% versus -33% to January), with all sub-sectors still declining. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/private-sector-remains-under-pressure-cbi-growth-indicator/. 

​​​
Wet weather dampens UK retail sales in February. The CBI's February 2026 Distributive Trades Survey shows UK retail conditions worsening, with sales volumes falling sharply as wet weather kept shoppers away and weak demand persisted. Retailers expect another decline in March, though at a slower pace. Sentiment remains deeply negative — among the weakest in 17 years. One brighter point was online sales, which rebounded strongly and grew at the fastest pace since April 2021, though not enough to offset broader weakness. Overall, the survey highlights continued pressure from soft demand and elevated costs across the distribution sector. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/wet-weather-dampens-retail-sales-in-february-cbi-distributive-trades-survey/.

​

UK Food & Drink: Resilient, but under pressure. EFCIS' UK Food & Drink Sector Review (H1 2026) says the sector remains economically important but is under sustained structural pressure, with value-led consumers and intense retail competition limiting suppliers' ability to pass through costs. Grocery is one of the brighter spots: supermarket sales hit a record £13.8 billion in the four weeks to 28 December 2025 (+3.8% YoY), with discounters gaining both turnover and footfall. UK Christmas grocery sales also rose 2.5% YoY to around £19.6 billion in December 2025, despite a slight fall in unit volumes, implying shoppers bought fewer items but paid more per item, supported by heavier promotions. The report flags ongoing downtrading and own-label substitution, plus rising working-capital stress from inventory build-ups, longer receivable days and commodity-driven price volatility. Click here to read EFCIS' report.

​

UK retail volumes rose in 2025, but the "Golden Quarter" disappointed. Tokio Marine HCC (TMHCC) has published its latest UK Retail Sector Report (February 2026), which says retail demand remained subdued in 2025 (and was still below pre-pandemic levels), despite a modest improvement in volumes. Retail sales volumes rose 1.3% in 2025 (versus 0.2% in 2024), but the "Golden Quarter" fell short of expectations: Q4 2025 sales volumes fell 0.3% quarter-on-quarter, although they were up 2.0% year-on-year. TMHCC says this largely reflects a weak outturn in Q4 2024 rather than a material strengthening in underlying momentum. Retail insolvencies also remained elevated in 2025 (up more than 5% on 2024) and into early 2026. Looking ahead, TMHCC expects the headwinds that weighed on retail in 2024–25 to show little sign of dissipating in the near term. To read the report, go to https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-retail-sector-report-february-2026.

​​​

​​​​​​​

​Global: Late Payment, Insolvencies & Economy

​Nearly 40% of global payments are locked in payment delays. According to Sidetrade Data, businesses globally took an average of 51 days to get paid in 2025, made up of 32 days of contractual terms and 19 days of payment delay, meaning about 37% of the days-to-pay cycle now occurs after the due date. The report also highlights wide country differences: for example, the Netherlands averaged 40 days to pay (including 12 days of delay), while India averaged 77 days, driven by 43 days of delay. Europe narrowly outperforms the US on payment discipline (18 vs 29 days of delay). Germany averages 15 days of delay; France, 19; and the UK, 21. To read Sidetrade's report, go to https://www.sidetrade.com/news/sidetrade-data-lake-2025/.

​

Eurozone GDP is forecast to grow by 1.1% in 2026. KPMG's latest European Economic Outlook forecasts Eurozone GDP growth of 1.1% in 2026 and 1.5% in 2027, describing a modest expansion increasingly driven by domestic demand as Europe adapts to a more uncertain global trading environment. KPMG says recent EU trade deals (including those with India and Mercosur) are strategically important but unlikely to deliver a meaningful short-term growth boost, as trade volumes are relatively small and tariff reductions will take time. It expects headline inflation to fall to 1.7% in 2026, below the ECB's 2% target, leaving the ECB likely to keep rates steady in the near term. To read KPMG's news release, go to 

https://kpmg.com/uk/en/media/press-releases/2026/02/eurozone-gdp-forecast-to-grow.html.

​

GDP growth continued to show a mixed picture across OECD countries in Q4 2025. OECD provisional estimates show OECD GDP growth slowed slightly to 0.3% in Q4 2025, from 0.4% in Q3, with performance mixed across countries. Compared with Q3, ten OECD economies accelerated, two were unchanged, seven slowed, and five contracted. In the G7, growth picked up in Germany and Italy to 0.3% (from 0.0% and 0.2%), supported by higher household and government consumption (and investment in Italy). France slowed to 0.2% (from 0.5%) as destocking continued to drag. Canada contracted (-0.1%) after 0.6% growth, while the UK held at 0.1%. Japan returned to 0.1% growth after a Q3 contraction. Annual estimates put OECD GDP growth at 1.7% in 2025. (Note: The OECD notes that the OECD and G7 aggregates exclude the US; US Q4 data was not yet available.) To read the OECD's news release, go to https://www.oecd.org/en/data/insights/statistical-releases/2026/02/gdp-growth-fourth-quarter-2025-oecd.html. 

​​

US corporate bankruptcies are set to climb again in 2026. S&P Global Market Intelligence expects US corporate bankruptcies to remain elevated, and potentially rise again in 2026. After nearly 800 filings in 2025 (the highest annual total since 2010), early 2026 has already produced several sizeable cases, including at least six filings with liabilities exceeding $1 billion (including Saks Global Enterprises). The article links the trend to a refinancing squeeze, while interest rates remain far higher than during the pandemic. Additional headwinds include sticky inflation, rising input and labour costs, a softening labour market and shifting tariff policy. To read the article, go to
https://www.spglobal.com/market-intelligence/en/news-insights/articles/2026/3/us-corporate-bankruptcies-set-to-climb-again-in-2026-99159008.

​

Business confidence improved worldwide at the start of 2026. Dun & Bradstreet says global business sentiment improved at the start of 2026, with its Global Business Optimism Index rising 3.5% quarter-on-quarter in Q1 2026 after four consecutive declines. Based on a survey of around 10,000 businesses worldwide, its quarterly Global Business Optimism Insights also shows the Supply Chain Continuity Index up 6.6% q/q, which the report suggests reflects smoother operations after a difficult 2025. It adds that more firms report stronger expectations for sales, export orders, profits and margins. On risks, the report flags trade protectionism and exchange-rate volatility as the most likely threats in 2026, while supply chain disruptions and a global economic slowdown are seen as less likely but potentially the most damaging if they occur. To read D&B's report, go to https://www.dnb.co.uk/blog/financial-risk/global-optimism-report.html.

​

The EU's trade in goods with the US in 2025. New research from Eurostat found that, in 2025, the EU exported €554 billion in goods to the US and imported €354.4 billion, resulting in a €199.6 billion trade surplus. Compared with 2024, exports rose 3.4% and imports 4.8%. The figures also show a marked quarterly pattern: imports and, in particular, exports jumped in Q1, then fell sharply in Q2; in Q3, imports edged up while exports dipped slightly; and in Q4, both exports and imports declined. The top three exported product groups in 2025 were medicinal and pharmaceutical products (29.0%), road vehicles (7.5%), and general industrial machinery and equipment (5.9%). To read Eurostat's news release, go to https://ec.europa.eu/eurostat/en/web/products-eurostat-news/w/ddn-20260226-1.

​​

Coface Risk Review 2026: Slower growth but trade is still expanding. Coface's latest Risk Review projects global GDP growth easing to 2.6% in 2026 from 2.8% in 2025. The outlook remains patchy: the US is forecast to grow 2.2%, supported by solid consumption despite a 15% rise in bankruptcies in H2 2025. The eurozone is expected to expand by around 1%, helped by a German rebound linked to a major investment plan. Coface also notes 3.9% growth in global trade volumes in 2025, suggesting output and trade are slowing, not stalling. Coface's Risk Review has made seven country risk assessment changes (six upgrades) and nine sector rating changes (seven upgrades). To read Coface's news release, go to https://www.coface.com/news-economy-and-insights/risk-review-2026-a-moment-of-truth-for-the-global-economy.

 

Atradius' construction outlook points to stronger 2026 growth. Atradius has published a new construction industry report forecasting global output growth of 2.3% in 2026, up from 1.4% in 2025, with emerging markets (+3.1%) expected to outpace advanced economies (+1.5%). Globally Atradius expects non-residential construction will grow by just 1.6%, while residential output is forecast to rise 2.6% in 2026 (and 4.0% in 2027) and civil engineering by 2.5% in 2026 (and 3.7% in 2027). Atradius also highlights stronger growth in India (up to +4.4%) and Southeast Asia (around +6% on average), while forecasting more modest increases in the US (+1.5%, due to tariffs on key construction inputs which are disproportionately affecting the industry), the eurozone (+1.6%) and the UK (+1.5%). To read Atradius' news release, with a link to the full report, go to https://atradius.co.uk/knowledge-and-research/reports/industry-trends-construction-february-2026.

​​

​​​​Credit Management News & Resources

​Geopolitics support for SMEs: BCC–FCDO Diplomatic Advisory Hub. The British Chambers of Commerce Diplomatic Advisory Hub is a practical resource for UK firms trading internationally that want clearer, trusted guidance on fast-moving geopolitical risk. Run jointly by the BCC and the FCDO and led by former UK Ambassador Richard Oppenheim, the Hub provides briefings and tailored support for SMEs on issues such as conflict, sanctions, regulatory change, logistics disruption and sudden cost shocks — and what these developments mean for markets, supply chains and contracts. Businesses can access help through their local Chamber network and online, and the Hub can also signpost firms to relevant government support and in-market expertise. The aim is to help companies stress-test plans, spot opportunities and make quicker, better-informed decisions when conditions change. For more information, go to https://www.britishchambers.org.uk/diplomatic-advisory-hub/.

​

Allianz Trade Country Risk Atlas 2026. Allianz Trade has published its third Country Risk Atlas, a publication that assesses the economic outlook, risks, and opportunities across 83 countries, representing approximately 94% of global GDP. It is based on a proprietary risk ratings model that is updated every quarter with the latest economic developments and Allianz Trade’s proprietary data. Luca Moneta, Senior Economist for Emerging Markets at Allianz Trade, commented: "Our ratings provide comprehensive analysis and insights into the economic, political and business environment, as well as sustainability factors that influence trends in non-payment risk for companies at a macroeconomic level. Each rating combines 17 short-term and 18 medium-term indicators, and serves decision-makers as a pragmatic compass in a polycrisis world." For more information, go to https://www.allianz-trade.com/en_global/news-insights/news/allianz-trade-country-risk-atlas-2026.html.

 

Compare and select trade credit insurance with Compare Credit Insurance. Bartlett Group launched a new platform in 2025, Compare Credit Insurance, designed to help businesses compare and select trade credit insurance. The website offers a user-friendly interface with comprehensive comparisons of various credit insurance options, "providing impartial insights to ensure businesses make informed choices." Key features include expert guidance, resources for better financial decision-making, and tools to help companies protect against payment risks or assess their existing coverage. Compare Credit Insurance aims to simplify and streamline the credit insurance process, making it more transparent and accessible for businesses. The Bartlett Group also encourages feedback to enhance the platform's services further. To explore the new service, visit https://comparecreditinsurance.co.uk/.

​​​​​​​

​​​​​​​​​

Events & Professional Development​

​​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: SCHUMANN

SCHUMANN is a global leader in technology solutions for Trade Credit and Surety insurers, as wells as Factoring companies and Corporates. With 29 years of experience, the company delivers future-proof software.
SCHUMANN stands for stability, flexibility, and strength through partnership, combining deep technical expertise with a strong human foundation. We are not only developers - we are true industry insiders and believe that technology alone is not sufficient. It is the people behind the technology that make the difference. Together we jointly define the technological standards of credit risk management.
Our end-to-end solutions - CAM Credit, CAM Surety and FINOYO, provide robust automation for underwriting, risk assessment and compliance. Built for reliability and longevity, SCHUMANN systems deliver decades of dependable performance.
At the centre of our global presence is SCHUMANN International Services Ltd, strategically located in London, the world's most dynamic hub for insurance, finance and specialty risk. From London, SCHUMANN serves its international customer base, bringing its industry knowledge, community and service closer to clients.

Although London acts as our international hub, SCHUMANN International remains fully integrated with our headquarters in Germany, Close collaboration with academic partners such as the University of Göttingen supports continuous advancement in risk modelling, AI-driven automation and a sustainable tech stack.

​

Pictured: SCHUMANN's International Board (Directors: Evgeny Kulyushin, Lara Biermann, Jan-Torben Schwager)​​