UK SME Late Payment Culture Exposed
A headline-grabbing report from the Forum of Private Business and Graydon reveals that formal credit control processes are in place at fewer than half of the UK's small businesses.The survey looked at...
View Article£64bn in capital held up by late payment
Late payments to creditors by UK PLC’s are being used to add to the working capital companies have at their disposal, according to a new report from Deloitte.The professional services provider has...
View ArticleOverdue payments hit an all-time high
Following on from the news that UK PLC's are sitting on a staggering £64 billion excess of capital the latest figures from Bacs Payment Schemes show overdue payments to UK SMEs are now at a record...
View ArticleLocal Authority Late Payment Postcode Lottery
Many businesses that work with local authorities are facing a 'postcode lottery' to determine whether their accounts are settled on time, or whether they must deal with late payments from their council...
View ArticleInefficient cash collections make a long summer of payment chasing for SMEs
A failure to follow the 'golden rules' of credit control is leaving many SMEs facing a significant burden of payment chasing this summer, says RBS Invoice Finance.The bank's specialist team has...
View ArticleShould I just keep chasing payments?
Gloomy news from the Forum of Private Business in recent weeks, as FTSE 100 companies are again being urged to abolish the late payments culture by settling their invoices on time, and banks are again...
View ArticleNight of the Living Debt
Night of the Living Debt as 'Zombie Businesses' take over the UK!Watch your backs people - there's a zombie revolution taking place, and the bloodthirsty brutes have got a taste for your money.R3, the...
View Article'Softly softly' approach to late payments lacks bite
The government's ongoing pledge to help small businesses keep their cashflow looking healthy has taken a new turn - and it's like 'improving' policing by asking criminals to turn themselves...
View ArticleNaming and shaming as a debt collection tool
Late payments are a burden that all businesses must bear, and we fully understand and appreciate the annoyance that they can cause to all of our clients, whether big or small. So when a customer leaves...
View ArticleDodgy Dave, the Debt Collector you don't want to meet
When you've been left out of pocket by a non-paying client, it's only natural that you should want to claim back what is rightfully yours.So how do you know who to trust? We spoke to Dodgy Dave the...
View ArticleNine Top Tips to Avoid Dodgy B2B Debt Collectors
Following on from our mock interview with Dodgy Dave the Debt Collector below you can find an infographic containing Nine Top Tips to avoid dodgy B2B Debt Collectors.The tips are from the pen of our MD...
View ArticleLocal Authority Late Payments Continue
Local authority late payments are almost as much of a problem now as when, in 2008, the government first introduced a ten-day target for settling its invoices in the regions, reports the Forum of...
View Article30 Days Later... Late Payments Directive brings lifeblood to zombie...
Recast Late Payment Directive ConsultationBusinesses that have been surviving at the edge of affordability - commonly called 'zombie businesses' for their inability to survive any further change in the...
View ArticleTIGA pounces on late payments in videogames sector
The videogames industry is a key contributor to the post-industrial UK economy, at a time when the creative industries and services sector are steadily growing in importance.But safeguarding this...
View ArticleDear John... Dealing with a (Very) Overdue Invoice
We always say that a sensible approach to invoicing can help to cut down on the number of problems you face - and that's still true. Chasing up invoices, making sure they've been received by the...
View Article'What's yours is mine' says the Supply Chain Finance Scheme
If you're a small-business owner and you've never heard of the Supply Chain Finance Scheme, announced today, sit down and put anything breakable well out of reach, because you're going to want to smash...
View ArticleThe Prompt Payment Code and the Supply Chain Finance Scheme - what's going on?
The Prompt Payment Code and the Supply Chain Finance Scheme - what's going on?The current economy is turbulent enough, without seemingly conflicting schemes being launched to help businesses with...
View ArticleA (Freelance) Christmas Carol - #Scroogeclient
A Christmas CollectionThe payment was late: to begin with. There is no doubt whatever about that. This must be distinctly understood, or nothing wonderful can come of this story I am going to...
View Article£4.7bn of Unpaid Invoices in the UK uncollectable due to Insolvency
Insolvency turns £4.7bn of non-payers into never-payersEach year, £4.7 billion of unpaid invoices in the UK are simply wiped away by insolvency and winding-up procedures, according to an Experian...
View ArticleThe Creditors Guide to Insolvency
Will I get the money my company is owed? This is the question we hear most often from clients that find they unpaid invoices due from an insolvent business. This short guide, written by our very own...
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