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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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Businesses Must Prioritise Credit Control

19 Mar 2020

Bad cashflow remains the key risks to businesses. The Insolvency Service has recently reported that in 2019, underlying company insolvencies have escalated to their highest annual level since 2013. This increase has been driven by an increase in Administrations and Creditors' Voluntary…

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Top Tips for Avoiding Business Debt

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…

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Pre Action Protocol - How has it affected you?

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,…

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Who pays the price for commercial debt recovery claims?

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 ·…

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Who pays the price for commercial debt recovery claims?

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

Read more