Arcadia Group were a UK headquartered multinational retailer. They were the parent company for companies such as British Home Stores, Burton, Dorothy Perkins, Debenhams, Miss Selfridge, Topman and Topshop. Their Chairman was Sir Philip Green. As well as operating across several countries, the Acadia Group had 2500 outlets in the UK at their peak, employing some 13,000 people. Tracing its roots back to 1903, the Arcadia Group collapsed into administration in November 2020.

Here at Red Flag Alert, we’re proud to be the UK’s only independently owned credit reference agency for business credit checks.

For nearly half a century, Silicon Valley Bank (SVB) was a key player in the US and UK startup sectors. Known for its technological prowess, they were responsible for investing in some of the most disruptive tech companies the world has ever seen; Etsy, Roblox, and Vox Media were among its well-known clients.

Risk is an unavoidable part of doing business and is usually necessary in some form to grow your business. However, taking unnecessary and uncalculated risks can be one of the best ways to endanger your business.

Most companies think about insolvency risk in terms of their customers.  How will losing a customer impact their revenue? Will they experience bad debt from unpaid invoices?

Some businesses prospered during the pandemic. However, even healthy companies must remain vigilant as the ongoing economic fallout could still affect them, making it vital to monitor your customers.

In this article, we’ll look at which sectors have thrived through coronavirus and how you can use data to protect your business from falling victim to bad debt.