Call us: 03332 413 203 | E-mail: contact@cmgroupuk.com
The prompt payment Code register was set up so that companies would agree best practice for payment standards this was to manage and control the late payment culture in all industries but is particularly relevant to the construction industry. Companies commit to pay 95% of all supplier invoices within 60 days. The first review of […]
During 2017 there was a change in legislation where by large companies would be required to produce reports on their payment practices and performances. The reports are required for all companies meeting the criteria, from October 2017 (depending on the date of commencement of the company’s financial year). The criteria to be classed as a […]
West Cheshire & North Wales Chamber – the benefits of credit management guidance FSB research, published in December 2016, has found that if there had been no late payments in 2014, 50,000 businesses would have stayed open; this would have added £2.5 billion to the UK economy. Unless a business operates under pro rate terms […]
The benefits of using your free Credit management toolkit as part of your chamber membership As part of membership, Liverpool Chamber members have access to expert credit management advice and guidance. Credit management processes are often overlooked in favour of other aspects of a business such as sales and marketing; however in order to have […]
New research has been carried out using cloud accounting software Free agent into the payment of invoices to Freelancers and micro-business owners from large companies. This became a big issue that was highlighted recently with the closure of Carillon and the affect that snowballed down the supply chain. The research shows that large business continues […]
UK Businesses have lost out financially since the Brexit vote Dun & Bradstreet were commission to carry out an independent study in to how business feel they have been affected since the Brexit Vote 43% of business leaders say they have felt a negative financial impact since the Brexit vote. 37% say they have lost […]
The number of new loans to SME’s is increasing could improving Credit Management help? The Number of new loans to SMEs has increased in the first quarter of 2018 There were 73,971 new loan approvals to SMEs across the UK in Q1 2018, a slight increase from 72,272 in the first quarter of 2017. The […]
You will have seen a lot of information relating to the new GDPR compliance coming into force in May. Most large businesses have had programs in place since the new year to ensure they comply when the time comes. Businesses have set up their internal processes to ensure data is mapped and privacy policies have […]
The Government has announced plans to improve the UK’s corporate governance framework to ensure the UK remains one of the best places to start and grow a business. The rules include: Directors selling companies recklessly to face tough new sanctions including fines and disqualification Creditors could have money returned to them by reversing inappropriate asset stripping […]
Book now to receive 20% early bird discount! Enhance your credit management function in 2018 by attending our highly effective credit management training courses; running in Liverpool and Manchester, June 2018. Improving Collection Performance We can improve your company’s cash flow by training delegates on collection strategy and techniques on how to negotiate payment effectively. Book now! […]