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…

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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,…

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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.…

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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% – …

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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 …

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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 …

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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 …

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.

Speaking …

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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.

Speaking …

The Importance of good Credit Control

The Importance of good Credit Control

The importance of good Credit Control

Good credit control is its own reward – quite literally in terms of your business cash flow, as it allows you to minimise the risk you face due to customers with a poor credit …

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The importance of good Credit Control

Good credit control is its own reward – quite literally in terms of your business cash flow, as it allows you to minimise the risk you face due to customers with a poor credit …

Why is business cash flow important?

Why is business cash flow important?

business cash flowWe talk a lot about business cash flow in general terms, and generally speaking it’s easy to think of it as the amount of money passing through your company at any given time.

That includes revenues raised from customers and …

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business cash flowWe talk a lot about business cash flow in general terms, and generally speaking it’s easy to think of it as the amount of money passing through your company at any given time.

That includes revenues raised from customers and …

Payment Terms: Net 47 Weekly

Payment Terms: Net 47 Weekly

Among all the commonly used payment terms Net 47 Weekly might seem a little unusual – after all, 47 is a prime number, so it’s not like you’re giving customers a certain number of calendar weeks or working weeks to …

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Among all the commonly used payment terms Net 47 Weekly might seem a little unusual – after all, 47 is a prime number, so it’s not like you’re giving customers a certain number of calendar weeks or working weeks to …