How to shout loudest when chasing SME debts

How to shout loudest when chasing SME debts

After years of successive governments stressing the contribution SMEs make to the nation’s economy and pledging to take action on issues like business rates, punishing quarterly rents…

4% of firms face debt payment problems if base rate rises

4% of firms face debt payment problems if base rate rises

Nearly 80,000 UK businesses are worried about the impact a base rate rise could have on their debt payment problems, according to recently published figures from R3,…

Careful cash flow ‘is a must’ in uncertain economy

Careful cash flow ‘is a must’ in uncertain economy

SMEs have been told that times of uncertainty in the economy make it “a must” to adopt more careful cash flow practices in order to protect money coming into and going out from the company.…

Debt recovery and the Bank of England base rate

Debt recovery and the Bank of England base rate

Debt recovery and the Bank of England base rate

The Bank of England’s Monetary Policy Committee made headlines in the financial pages in June with the news that the decision to keep the historically low base rate of 0.25% – …

Debt recovery vs. small claims court – which should I use?

Debt recovery vs. small claims court – which should I use?

Debt recovery vs. small claims court – which should I use?

Most people know that when chasing a debt, the options include debt recovery via a specialist debt collections company, or taking the debtor through the small claims court and …

What is the current statutory interest rate on late payments?

What is the current statutory interest rate on late payments?

What is the current statutory interest rate on late payments?

If you have clients who owe you overdue invoices, it’s important to know the current statutory interest rate on late payments, so that you can chase for payment of the …

Should I name and shame late payment offenders?

Should I name and shame late payment offenders?

Should I name and shame late payment offenders?

Naming and shaming has been a topic of hot debate in recent years as a way to deter late payment offenders by adding an extra risk of harming their brand’s reputation by …

Late payment problems ‘haven’t gone away’

Late payment problems ‘haven’t gone away’

Late payment problems ‘haven’t gone away’

A government advisor on prompt payments has told the BBC that late payment problems worsened immediately following the onset of the recession and that the issue “hasn’t gone away” in the decade since.…

Should UK late payment legislation be more like Australia?

Should UK late payment legislation be more like Australia?

Should UK late payment legislation be more like Australia?

The BBC Radio 5 live Daily show on April 11th featured a segment about the scale of the UK late payment problem, and examples of how laws already in place elsewhere …

Are debt collection agencies regulated?

Are debt collection agencies regulated?

regulatedCompanies throughout the UK, whether they are a recent startup, SME or have been established for sometime, will more than likely find themselves in the situation where a client hasn’t paid for their services or products. Whilst this is a