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Established in 1939, the Institute of Credit Management is Europe's largest association for the credit management profession

‘Roll on 2014!’ – a blog by Philip King FICM

19 December 2013

I don’t want to be boring and drone on about how fast this year has flown by but – why not – I’m amazed at how fast this year has flown by! We seem to be in an ever accelerating world where events unfold and overtake us, often before we’ve even properly noticed them and had chance to react.

I was interested to see the results of the Federation of Small Businesses’ (FSB) Small Business Index announced this week. The accompanying press release said “For the fourth consecutive quarter, the Small Business Index measure of confidence among small firms has grown year-on-year, up 27.2 points from -5.6 in Q4 2012 to +21.6 in Q4 2013. Encouragingly, this optimism is also replicated in every region of the UK and in each business sector. This increased confidence means more small firms are planning to invest in and explore the global trade market. New data shows businesses expect to see rapid or moderate expansion in the next 12 months. Alongside this, one in 10 businesses report running above capacity while a third are running at full capacity – both the highest figures since the Small Business Index began in 2010.”

And the FSB isn’t alone; the results of almost every Index we read about, including our own ICM UK Credit Managers’ Index, show encouragingly positive results and grounds for optimism. I don’t recall many commentators this time least year predicting that the outlook would have turned to such an extent by the end of 2013 but it has, and I’m grateful for that.

For the ICM, 2013 has been a superb year and I’m genuinely excited about 2014 – the development of our activities leading to greater professionalism, and the evolution of credit management into a genuine profession are things that are going to get me out of bed in early 2014 with a spring in my step. It’ll be no time before I’m writing a blog looking back at 2014 but, for now, I’m grateful to everyone that has helped 2013 be so good; our members, our directors and Advisory Council members, my team at ICM HQ, our lecturers, trainers, suppliers and so many more. A huge and very sincere thank you.

Have a great Christmas and New Year and see you in 2014!

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