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Legal Article

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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Legal Article

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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Legal Article

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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Legal Article

Retail closures causing thousands of job losses - don't wait to chase debts!

11 Jun 2020

Over 3,600 UK jobs have been claimed by the coronavirus pandemic, the Restaurant Group, which owns Frankie and Benny's, Monsoon Accessorize and Quiz have recently announced major restructures. Additionally, popular business names such as Debenhams, Rolls-Royce, British Airways and EasyJet have…

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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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