26 Sep 2019
After 178 years of trading, the world's oldest holiday company, Thomas Cook, has collapsed leaving a collection of issues for many, including their creditors. Whilst many travel agents have been hit by retail migration to the internet, Thomas Cook's demise is largely the result of the &…
Forbes Collect
28 Mar 2019
You can have all the ingredients for a successful business - a great product or service, happy customers and dedicated staff, but if the cash is not coming through, it can crumble. Currently, British business is continuing to suffer from a damaging late payment culture and SMEs are amongst the…
Forbes Collect
01 Nov 2018
Back in August the shocking news that Mike Ashley's Sports Direct agreed to buy the House of Fraser department store chain for £90m hit headlines. The deal was announced just hours after the 169-year-old chain went into administration when talks with its creditors failed to reach an agreement…
Forbes Collect
13 Mar 2018
On 1 st October 2017 the new "Debt Pre Action Protocol" came into force, changing the way in which formal demands for debts are made from individuals and sole traders. Instead of the usual 14 days to respond, both types of entities now have 30 days to respond to the demand for payment,…
Forbes Collect
14 Dec 2017
If you are faced with the situation where you have to take one of your clients to Court to recover your unpaid invoices, then it helps to know the legal costs and potential recovery of those costs in bringing a claim. This include but are not limited to: · Court fees ·…
Forbes Collect
13 Dec 2017
If you are faced with the situation where you have to take one of your clients to Court to recover your unpaid invoices, then it helps to know the legal costs and potential recovery of those costs in bringing a claim. This include but are not limited to: · Court fees ·…
Forbes Collect
31 Aug 2017
The late payment of invoices is one of the biggest problems businesses face according to BACS. In a 2017 study, the bank automated clearance scheme found that SMEs were collectively facing £14.2bn in late payments and commercial bad debts. While late payments from a customer can be difficult to…
Forbes Collect
24 Aug 2017
Customers paying late is one of the biggest issues for the UK's SMEs. According to insurance company Zurich , the total 'late payment debt' for both large and small businesses in the UK now stands at £44.6 billion. It can be hard to avoid late payment, but there are some procedures you can…
Forbes Collect
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