Keep your credit control close and your cash flow closer

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Research from the Forum of Private Business reveals how small businesses are having their finances pinched as the economic recovery accelerates – putting cash flow and credit control high on the agenda for the coming months.

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Spoof debt recovery emails raise virus threat

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A spate of fake debt recovery emails has continued to cause headaches for those small companies whose email addresses have been ‘spoofed’.


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The Top 10 Excuses for Non-Payment

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A shortlist from Best4DebtCollection.co.uk runs through the ten most common excuses for non-payment – and it will come as no surprise to anyone who has been in business for a while.


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Most SMEs believe banks would lend

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The majority of small and medium-sized business owners now believe their bank would approve any reasonable application for lending, according to research by Clydesdale and Yorkshire Banks.


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FCA crackdown sees surge in debt recovery professionals

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A crackdown by the Financial Conduct Authority has had a transformative effect on the debt recovery market over the past year, according to a report from specialist financial services recruiters BrightPool.


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Debt collector Roxburghe enters administration

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The debt collector Roxburghe (UK) Limited has gone into administration, with the administrators called in on September 16th 2014.


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UK GDP up 0.9% in Q2 2014

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The UK’s gross domestic product grew by almost 1% in the second quarter of 2014, according to figures from the ONS.

In the latest revised figures, published at the end of September, growth is put at 0.9% in volume terms – which is up from the 0.8% that was estimated in a previous report published in mid-August.


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SME confidence ‘at an all-time high’

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The emergence from recession brings with it a slingshot effect in terms of business confidence, as improving prospects can leave large numbers of owner-managers hopeful for the future.

 

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Steps to prevent non-payment

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Companies who don’t manage their cash-flow effectively often find themselves in financial difficulty quite quickly & non-payment of invoices can be a significant contributing factor to this.

 

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Tesco late payment hits headlines

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Tesco have been making headlines for the wrong reasons recently, most famously with their accounting error that saw them overstate their financial position by a quarter of a billion pounds in a recent financial update.

 

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