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Legal Article

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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Legal Article

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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Legal Article

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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Legal Article

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 ·…

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Forbes News

Forbes Joins Association of Member-Directed Pension Schemes

06 Dec 2017

Leading law firm Forbes Solicitors has enhanced its work in the pensions sector by joining the Association of Member-Directed Pension Schemes (AMPS). AMPS is a body which represents the SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Pension Schemes) industry and…

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Legal Article

Late payment of commercial debts: your legal rights

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…

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Legal Article

How to prevent late paying invoices

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…

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