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Credit Management November 2022

THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS

THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS

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28<br />

CLIMATE CONTROL<br />

Chris Leslie<br />

10<br />

TROUBLED WATERS<br />

Brendan Clarkson FCICM<br />

16<br />

MEXICAN WAVE<br />

Adam Bernstein<br />

NOVEMBER <strong>2022</strong><br />

www.cicm.com<br />

CONTENTS<br />

10 – Troubled Waters<br />

Amid rising insolvencies, Government<br />

agencies seem far from united in their<br />

approach.<br />

12 – Dramas and Headwinds<br />

With one crisis after another history<br />

tells us that the predictions carried with<br />

them do not always ring true.<br />

15 – Clear thinking<br />

The importance of transparency in<br />

ensuring corporate commitments to<br />

DE&I are delivered.<br />

16 – Mexican Wave<br />

Mexico offers a significant opportunity<br />

but is plagued by societal issues.<br />

22 – Prompt Action<br />

Evolving the concept of prompt<br />

payment.<br />

28 – Climate Control<br />

How is the collections and debt<br />

purchase sector fairing as we head into<br />

2023?<br />

34 – Power to the People<br />

Manufacturers in both the US and the<br />

UK are facing similar challenges when<br />

it comes to international expansion.<br />

CICM GOVERNANCE<br />

22<br />

PROMPT ACTION<br />

Ant Persse FCICM<br />

President Stephen Baister FCICM / Chief Executive Sue Chapple FCICM<br />

Executive Board: Chair Debbie Nolan FCICM(Grad) / Vice Chair Phil Rice FCICM / Treasurer Glen Bullivant FCICM<br />

Larry Coltman FCICM / Neil Jinks FCICM / Allan Poole MCICM<br />

Advisory Council: Caroline Asquith-Turnbull FCICM / Laurie Beagle FCICM / Glen Bullivant FCICM /Brendan Clarkson FCICM<br />

Larry Coltman FCICM / Peter Gent FCICM(Grad) / Victoria Herd FCICM(Grad) / Andrew Hignett MCICM(Grad)<br />

Dave Hindle FCICM / Laural Jefferies FCICM / Neil Jinks FCICM / Martin Kirby FCICM / Charles Mayhew FCICM / Hans Meijer<br />

FCICM / Debbie Nolan FCICM(Grad) / Amanda Phelan MCICM(Grad) / Allan Poole MCICM / Phil Rice FCICM / Phil Roberts FCICM<br />

Chris Sanders FCICM / Paula Swain FCICM / Mark Taylor MCICM / Atul Vadher FCICM(Grad)<br />

View our digital version online at www.cicm.com. Log on to the Members’<br />

area, and click on the tab labelled ‘<strong>Credit</strong> <strong>Management</strong> magazine’<br />

<strong>Credit</strong> <strong>Management</strong> is distributed to the entire UK and international CICM<br />

membership, as well as additional subscribers<br />

Reproduction in whole or part is forbidden without specific permission. Opinions expressed in this magazine do<br />

not, unless stated, reflect those of the Chartered Institute of <strong>Credit</strong> <strong>Management</strong>. The Editor reserves the right to<br />

abbreviate letters if necessary. The Institute is registered as a charity. The mark ‘<strong>Credit</strong> <strong>Management</strong>’ is a registered<br />

trade mark of the Chartered Institute of <strong>Credit</strong> <strong>Management</strong>.<br />

Any articles published relating to English law will differ from laws in Scotland and Wales.<br />

42 – Game changer<br />

How a 19-year-old with a love of sport<br />

became the Northwest’s Apprentice of<br />

the Year.<br />

Publisher<br />

Chartered Institute of <strong>Credit</strong> <strong>Management</strong><br />

1 Accent Park, Bakewell Road, Orton Southgate,<br />

Peterborough PE2 6XS<br />

Telephone: 01780 722900<br />

Email: editorial@cicm.com<br />

Website: www.cicm.com<br />

CMM: www.creditmanagement.org.uk<br />

Managing Editor<br />

Sean Feast FCICM<br />

Deputy Editor<br />

Iona Yadallee<br />

Art Editor<br />

Andrew Morris<br />

Telephone: 01780 722910<br />

Email: andrew.morris@cicm.com<br />

Editorial Team<br />

Joe Clarkson, Rob Howard, Roshika Perera,<br />

Sam Wilson and Mona Yazdanparast<br />

Advertising<br />

Paul Heitzman<br />

Telephone: 01727 739 196<br />

Email: paul@centuryone.uk<br />

Printers<br />

Stephens & George Print Group<br />

<strong>2022</strong> subscriptions<br />

UK: £112 per annum<br />

International: £145 per annum<br />

Single copies: £12.50<br />

ISSN 0265-2099<br />

Brave | Curious | Resilient / www.cicm.com / <strong>November</strong> <strong>2022</strong> / PAGE 3

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