Trade credit insurer cuts cover for Vistry suppliers

Trade credit insurer Allianz Trade has cut the credit insurance cover it provides to suppliers of Vistry.
The reduction in cover, understood to be as much as 70% for some suppliers, comes as Vistry steps up efforts to generate cash and reduce daily net debt, which stood at close to £800m at the half year.
Industry sources said Allianz Trade has been informing suppliers in recent weeks that it is reducing credit limits on new trading with Vistry.According to a report in the Financial Times