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back to article Credit insurer sets up 'task force' in wake of enormo UK IT biz failures

Trade credit insurer Atradius is setting up a specialist task force to analyse UK channel companies that have a high debt-to-assets ratio or have VC backing in the wake of recent high-profile and costly failures. As world + dog knows, High Street giant Comet hit the wall in December owing creditors £257m, costing the UK …

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  1. terry 1
    FAIL

    Happy to take the premiums for years....

    Then suddenly when there's a change in the direction the money is going they don't like it.

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  2. Anonymous Coward
    Anonymous Coward

    It's raining

    Yep - It's raining so the money men want their umbrellas back. This lot will insure anything - except a risk - Atradius landed 70 + credit limit withdrawls on my desk in a single day once - talk about panic!

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  3. Anonymous Coward
    Anonymous Coward

    If they were names at lloyds

    The government would use taxpayers money to refund their losses

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  4. The Godfather
    Thumb Up

    Help on offer..

    If they want the services of someone with practical risk understanding and a pile of experience, I can come quite cheaply....

    0 0
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