Forbes News
10/11/20
Forbes Solicitors Launches Business 'Sounding Board' In collaboration with business leaders and advisers across the region, Forbes Solicitors is launching its latest initiative, the Sounding Board. This will provide the opportunity for businesses to access a complimentary one-hour…
Forbes News
03/11/20
Forbes Solicitors has launched its inaugural Reinvention and Resilience Top 50 - an insightful report featuring North West businesses that have innovated and diversified during the Coronavirus pandemic. The regional law firm compiled the research - including nominations from small-to-medium-sized…
Legal Article
26/10/20
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…
Legal Article
26/10/20
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…
Legal Article
16/10/20
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,…
Legal Article
16/10/20
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…
Legal Article
28/08/20
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.…
Legal Article
11/06/20
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…
Legal Article
21/05/20
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…
Legal Article
18/05/20
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…
Forbes News
20/03/20
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…
Legal Article
19/03/20
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…
Forbes News
18/03/20
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…
