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Legal Article

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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Legal Article

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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Forbes News

Coronavirus: Don't let lockdown take your business

20 Mar 2020

With the UK supposedly not being far away from implementing a similar style of shutdown to what we are seeing in Italy in a further effort to slow the spread of coronavirus, now is the time to ensure that you receive payment of those outstanding invoices before it is too late. Whilst we have seen…

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Legal Article

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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Forbes News

Covid-19 Update

18 Mar 2020

At Forbes Solicitors, we are keen to reassure clients that we have robust business continuity measures in place to protect and maintain service levels so we can continue to support our clients. The health and welfare of our colleagues and clients is paramount. We will continue to monitor the most…

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Forbes News

Forbes Wins Four-Year Contract To Advise Authorities Across The North East

28 Nov 2019

Forbes Solicitors has won a four-year contract to advise one of the largest groups of local authorities in the country after being named as a successful bidder for the North East Procurement Organisation (NEPO)'s Regional Legal Services Framework. Established in 1976, the NEPO undertakes high-…

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Legal Article

Too little too late for Thomas Cook creditors - don't wait to chase debts!

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 &…

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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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