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Tough new payment rules come into force

Tough new payment rules come into force

Tough new rules, first introduced by the Cabinet Office in November 2018, have come into force this month. The new rules mean that all government suppliers must pay 95% of their invoices within 60 days or run the risk of being excluded from the opportunity to bid for lucrative, taxpayer-funded government contracts. Federation of Small […]

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Turbulent times for businesses and consumers

Turbulent times for businesses and consumers

Turbulent times The current turbulent political landscape is having a detrimental effect on the confidence of UK businesses and consumers. Recent surveys indicate that August saw a dip in confidence for both businesses and consumers with confidence draining away as the Brexit crisis deepens. Consumer confidence A survey of consumer confidence from market research company […]

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How does Debt Collection Work?

How does Debt Collection Work?

There is a lot of confusion and misinformation around the work done by debt collection agencies and they have not always had a good time in the press. But is it really a murky business full of cowboy companies getting money back by any means necessary? The short answer is no. Debt collection agencies are […]

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Is the UK heading for a full-blown recession?

Is the UK heading for a full-blown recession?

The economy has shown a mixed picture recently with wages, excluding bonuses, rising at their fastest annual pace since 2008 between March and May combined with a slowdown in employment growth suggesting a loss of momentum in the labour market. The good news was the unexpected rise in retail sales in June, reversing the fall seen in May. However, economists have said that the uncertainty that still surrounds when Brexit will happen and crucially, what form it will take, is likely to slow down spending in the coming months

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Supporting SMEs with cost-effective debt recovery & credit management

Supporting SMEs with cost-effective debt recovery & credit management

There are many reasons why SMEs fail to recover money they are owed; a lack of time, a lack of the skills and expertise needed to successfully recover the debt, embarrassment at approaching clients for the money and a genuine fear of alienating their clients and losing out on possible future work. These are all understandable reasons but not having money you are owed for goods or services you have provided puts your business in danger.

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Credit control outsourcing and the troubled high street

Credit control outsourcing and the troubled high street

Trouble for Philip Greens Empire Arcadia The troubled Arcadia Group is in the news at the moment as Philip Green attempts to make a deal to save the fashion empire. Arcadia, which owns high street retail brands including Top Shop, Wallis, Dorothy Perkins, Miss Selfridge and Burton is trying to agree a Company Voluntary Arrangement […]

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Mental Health Awareness Week

Mental Health Awareness Week

Anxiety and depression among SME owners are often linked to factors around cash flow and ensuring the viability of their company. This can be compounded when the business has invoiced for payment, but they are repeatedly paid late, or the payment becomes so overdue it becomes a debt.

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