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Welcome
Welcome to the Credit Management Research Centre. The CMRC was established at Leeds University Business School in 1998, with funding from the Institute of Credit Management, commercial sponsors from the credit industry and government departments. CMRC has enjoyed ten years of continual support from the credit profession and government. The unique focus of CMRC is to engage in a research program that combines academic rigour with practitioner and policy relevance.
CMRC’s mandate, to create and disseminate knowledge, goes hand in hand with building strong relationships with the credit industry and policy makers. Given our location in the fastest growing credit and financial services centre in the UK, it stands to reason that we consider industry partnerships as a critical factor in our commitment to dynamic and relevant research, innovative teaching, and exceptional post graduate courses.
"Recent worldwide events have demonstrated that Credit Management Research could not be more topical nor important than it is today. This leading edge team will continue to make key advances that will inform industry and have a global impact"
Professor Michael Arthur, Vice-Chancellor, University of Leeds
News
PLC Supplier Payment Performance
The Payment Performance League Tables, which compiles the information on the stated average payment time to suppliers, contained in the Director's Report of the Annual Returns of PLC's, are back online. The information can be found on www.PaymentLeague.com
Insolvency and CCJ forecasts
Industry sector and regional insolvency forecasts produced by CMRC in collaboration with CreditScorer.com have been reported in The Financial Times, The Daily Telegraph and Radio 4’s Today Program. Corporate Insolvencies are predicted to rise rapidly in 2009 with over 66,000 companies failing. The forecasting model correctly predicted the increase in insolvencies in 2008 and a recession. A revised foreacast will be produced in January 2009. Monthly data on CCJ activity by sector and UK location indicates a sharp increase in financial distress amongst UK companies.
Sponsorship
CMRC is inviting new sponsors to contribute to and participate in the research agenda for 2009-2014. Oragnisations interested in being a member of CMRC should contact Professor Nick Wilson.
Research
CMRC is currently analysing the relationship between corporate debt levels and insolvency. In particular we are tracking the performance of private equity backed companies and a large sample of MBO's during the period 1995-2008
The working paper on modeling Small Company Risk is now available: Ed Altman, G Sabato and N Wilson (2008) (see Publications)
New Appointment
Dr Ali Altanlar has been appointed as a Research Fellow in CMRC
