Collecting debts for business Collecting debts for your business can be a very time-consuming and stressful process, and one that does not always yield the results you want. Collecting money owed is a skilled job, you want to recover the money for your business but do not want to alienate any of your clients. Many […]
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The coming few weeks will see the biggest tests so far in the drive to get the country and the economy moving again. From August 1st the government will begin to scale back the furlough scheme which has been the biggest single economic intervention of the crisis and has so far benefited over 9 million jobs. Moving forward businesses will be asked to contribute some of their own money to keep staff on furlough and funds will be completely removed by October in order to encourage everyone back into work.
Streamlining efficiency and workflow will be crucial in the coming months. If your business spends time and allocates staff to chase overdue invoices, or as a business owner, you spend time worrying about how to recover money you are owed by clients, then it may be time to streamline your operation.
More of the economy is opening up and people are now able to go out for a meal, go to the pub and cinema and go on holiday to number of destinations without having to quarantine on their return. The return of these businesses is a welcome sign that there is some semblance of normality […]
All businesses rely on being paid for goods or services provided. This is what generates profit and keeps a businesses’ cash flow healthy allowing it to pay staff, expand product lines or services and invest in the future growth of the company. However, this transaction is not always as straightforward as it should be. The time spent chasing late payment is cited as the biggest obstacle facing business clients and not having the resources available to recover money owed is one of the most common reasons given for failures.
As we emerge from the lockdown and move towards a new normal, it’s important for firms to be flexible, agile and adaptable in order to keep working and growing their businesses. We have seen may instances of businesses in the food and drinks market moving quickly to a delivery only model, while other firms have […]
Whether it is debt recovery or our white label credit control service, our aim is to empower
your customers to repay the money owed to you. We promise firm but friendly
communications that ensure your reputation is maintained, enabling you to preserve the
working relationships you currently enjoy.
HMRC will regain its status as a preferential creditor for insolvencies that commence on or after 6 April 2020 under legislation expected to be introduced in the Finance Act 2020. In a nutshell this means that HMRC will move up the rankings of who gets paid out first when a company falls into administration or […]
Recent research conducted by Pay.UK has revealed that more than a quarter of SME business owners are stressed about late payments even when they are not in the office. A staggering two thirds (66%) have reported that late payments make running their business less enjoyable, and around 10% have needed professional support and counselling to […]