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Helping to secure and underpin UK & International growth Presentation by Reynolds Trade Credit.
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Helping to secure and underpin UK & International growth Presentation by Reynolds Trade Credit
http://www.bbc.co.uk/news/uk-politics-21496563 - http://www.bbc.co.uk/news/business-26063121 - http://www.oilreviewmiddleeast.com/technical-focus/roll-royce-wins-power-contract-for-adma-opco-field-offshore-uae www.reynoldsinsure.com Source
Agenda • Who are we / What do we do. • Recruitment sector – opportunities & challenges. • What is our market? • How can it help you to grow? www.reynoldsinsure.com
Reynolds Trade Credit • Established 1912. • Offices Manchester, London & Sheffield. • Largest UK independent Trade Credit Insurance Broker. • Our role: • Find & provide non-payment risk solutions for B2B clients. • Look after client to get best from cover over duration of policy. • Sectors e.g. Oil & Gas, Energy, IT, Recruitment, Metals, Export. www.reynoldsinsure.com
Recruitment Sector • Majority reporting NFI growth. • Key challenges: Margin pressure & Financial growth. • Skill shortages: Re-entering candidate driven market (UK)? • Survey: • 63% generating fee income from international markets. • 40% have overseas offices. • Raising debt or finance – lesser challenge? • Like Media, debtors usually the largest asset. www.reynoldsinsure.com
How credit insurance underpins growth • ‘live’ evolving product. It is not just insurance. • Sales expansion through commercial “credit limits” / supporting longer credit terms (also value of negative information). • Non-OECD – longer “cycle” e.g. timesheets. • Greater or better funding ? • Comfort for your bank / lender. • Largest unsecured asset? • Comfort to investors. www.reynoldsinsure.com
Routes to market • 13 insurers in the UK offering a variety of non-payment risk (credit insurance) solutions. • Banks non-recourse schemes. • Selected cover also available through the Lloyds market. www.reynoldsinsure.com
The insurers www.reynoldsinsure.com
Some other things I noted… www.reynoldsinsure.com
Heavily invested in Russia www.reynoldsinsure.com
http://www.aljazeera.com/indepth/opinion/2014/05/putin-going-all-way-ukraine-2014555315414502.html - http://www.dailymail.co.uk/wires/ap/article-2612906/Baltic-states-lead-push-cut-Russia-gas-reliance.html - http://www.bbc.co.uk/news/world-middle-east-27285846 - http://www.presstv.com/detail/2013/10/04/327549/g4s/ www.reynoldsinsure.com Source
Big Businesses - still ? www.reynoldsinsure.com
Greece Russia South Africa Algeria Nigeria Egypt Argentina Venezuela Spain www.reynoldsinsure.com
Credit Insurance: Top 7 myths, expelled www.reynoldsinsure.com
Any questions… www.reynoldsinsure.com
I’ve been Chris, and thank you for listening… Reynolds Trade Credit Stamford House Northenden Road Sale Manchester M33 2DH T: 00 44 (0)161 905 5500 F: 00 44 (0)161 905 5510 W: www.reynoldsinsure.com