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It has often been reported on that late payments are the main issue for most small businesses, figures show that around 50,000 business failures in 2014 could have been avoided if all payments due were paid within 30 days. The majority of companies respect their suppliers and pay the invoices due in the agreed timeframe. […]
For most people there has been a 5 week wait for the pay day to come at the end of January. Statistics show that 1 in 6 will be in the red by this Monday. Blue Monday came around as it is the most depressing day of the year! This time of year people are […]
Welcome to our November Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups from more Credit Management News to help […]
At this time of the year it is important to ensure all monies that are owed to you are received on time. December is known to be a short trading month so make the most of the days you do have by following some of our tips below: Day 1: Review your current performance The […]
Kier and Seddon are the latest firms to be removed from the Governments prompt payment code scheme, as they have failed to stick to the 60 day payment terms agreed for all supplier invoices. The full list of companies remove are: Kier group firms – Kier Integrated Services; Kier Infrastucture and Overseas; Kier Construction; Kier […]
Here are our top credit management FAQs for the month of October. How will I know when to put a customer on hold for non-payment ? Your decision to put a customer on hold for non-payment will depend entirely on your collection strategy. If you don’t have a definitive collection strategy in place, consider how […]
Welcome to our September Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups let us know: CREDIT MANAGEMENT Two Fifths […]
Welcome to our August Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups let us know: CREDIT MANAGEMENT Asset Finance […]
The latest figures released by the insolvency service show: Company insolvencies increased in Q2 2019 compared with Q1 2019 this was driven by an increase in creditors voluntary liquidations, Compulsory liquidations, administrations and company voluntary arrangements (CVAs) decreased in Q2 2019 Company insolvencies, in Q2 2019, increased to 4,231 (2.6%) its the highest level since […]
Welcome to our May Credit Management Industry News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups let us know: CREDIT MANAGEMENT Small […]