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NEWS & MEDIA

The latest news and views from Bluestone Credit Management

Bluestone Credit Management provides a highly ethical credit management service, supporting individuals to resolve credit issues while prioritising fairness, dignity, and integrity. For media enquiries, please contact our PR agency at info@rocketperformance.co.uk.

Bluestone Credit Management Expands its BD Team

Bluestone Credit Management has promoted Gareth Willey-Ransford to the new role of New Business Executive within its Business Development team.

As well as reinforcing Bluestone’s commitment to growth, it is a recognition that hands-on expertise within collections is a continuing differentiator for Bluestone, as their Head of New Business, Simon Frost, reflects.

A Glimpse Inside Bluestone Credit Management

In today’s challenging economic climate, healthy cash flow is essential for meeting payroll, covering overheads and planning for growth but late payments continue to put serious pressure on UK businesses. A recent study commissioned by Sage and carried out by the Centre for Economics and Business Research (CEBR) analysed over 1.2 million anonymised invoices from more than 31,000 Sage customers. It found that 44% of invoices were paid late, leaving £112 billion tied up in unpaid bills, funds that could otherwise be reinvested into businesses and the wider economy.

Bluestone Credit Management (BCM) have spent over two decades helping organisations do just that. So, who are Bluestone Credit Management really? How do BCM help? And why does having the right support in this space make such a difference?

‘Thrive Not Just Survive’ – Hauliers Must Address Normalised Late Payments

  • According to the latest Department for Business and Trade data, 494 haulage businesses entered insolvency in 2023, nearly double the number from 2021. In the first half of 2024, the figure stood at almost 170.
  • It is also estimated that 33% of businesses in the haulage sector are deemed maximum insolvency risk, up from 22% 12 months ago.
  • Late payment of invoices, which commonly exceeds 60 and even 90 days, is a critical problem.

Car Finance & Leasing Companies Can Mitigate Residual Value Losses

A recent report from the British Vehicle Rental and Leasing Association (BVRLA) highlighted the challenges of weaker than forecast residual values facing car finance and leasing companies. The finger of blame is firmly pointed at electric vehicles (EVs).

The challenge, at its worst, may largely be historic, with today’s market showing signs of stabilisation according to Cox Automotive. However, as Bluestone Credit Management’s Head of Business Development, Simon Frost, observes, it is creating unwelcome headaches for lenders right now.

Time to Talk Day 2025

Our colleagues had a great week engaging with Time To Talk Day 2025. From sharing mood-boosting recipes to offering herbal teas for colleagues to make a brew for each other, it was a great opportunity to connect.

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Bluestone Credit Management Appoint New Head of Business Development

We are delighted to announce the appointment of Simon Frost to Bluestone Credit Management in the newly created role of Head of Business Development. Appointing someone of Simon’s calibre and experience is, as our MD Deborah Stokes reflects, a move that signals the business growth intentions in the years ahead.

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What Impacts My Credit Score?

With interest rising from their historic lows, some people may be worrying about whether this will impact their credit score.

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