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National Apprenticeship Week

10 Feb 2021

National Apprenticeship Week began on 8 February. This year's theme is 'Build The Future.' With 20 years of experience in progressing employees through apprenticeships, Forbes Solicitors has helped build futures and this year has been no different and has been as successful, despite the…

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What are my options if my business is owed money?

22 Jan 2021

It is estimated that, £23.4bn worth of late invoices are owed to firms across Britain, having a huge impact on businesses' cash flow and ultimate survival. If your customer, client or retailer is leaving invoices unpaid past their due date, you may be required to step in. A great deal of…

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Debt Recovery: Case Study

26 Oct 2020

Below is an example of a recent Forbes Collect matter in which a debtor refused to make payment initially, and then we went on to make a full recovery for our client including additional interest and costs. Background We were recently instructed by a company who had provided professional…

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Debt Recovery: Simplified

26 Oct 2020

The prospect of recovering a debt can be daunting if you are unsure as to what this may entail. Below we offer an overview of the usual stages of debt recovery, from Pre-Litigation to Enforcement. · Pre-Litigation Letter Before Action (LBA) The first step we will take…

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Navigating through COVID-19 and Late Payment

16 Oct 2020

The announcement of a national lockdown on 23rd March 2020 caused much uncertainty and chaos for many of the businesses within the United Kingdom. It has now been months of worry and despite the UK Governments attempts to navigate the country through the pandemic and help our businesses along the way,…

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Credit Control and the Increase of Unpaid Invoices

16 Oct 2020

The increase of unpaid invoices has no doubt had an impact on the workload of those within credit control. As the department gets busier, you should have an effective credit management system and procedures in place to ensure that you are keeping on top of the status of all outstanding invoices and the…

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The Late Payment Plague

28 Aug 2020

Recent research by accountancy firm Moore has shown that the average waiting time for payment of supplier invoices is 41 days, the same as it was in 2015. Staggeringly, over 17,000 businesses involved in the study are having to wait 90 days or longer to receive payment of money that they are owed.…

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Business Debts & Covid-19

21 May 2020

Across the UK, businesses from all sectors are facing an unprecedented challenge because of the Coronavirus pandemic, and despite the government's extensive support package for businesses, many are still struggling with the shortage of cash-flow. One major contributor to this will be unpaid invoices…

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The rise in unpaid invoices - Is coronavirus to blame?

18 May 2020

Recent times have seen unpaid invoices increase by 23% since lockdown measures were announced by the UK Government, following an analysis of 26 million business to business invoices by AI platform provider, Sidetrade . The impact of COVID-19 is certainly a contributing factor to the increase, but…

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