75% of SMEs in the UK are fearful of the long-term effects of the UK’s cost of living crisis. This comes off the back of Barclays SME Barometer, a survey of business sentiment released each quarter. Inflation and spiralling costs for raw materials, goods, machinery and energy have dominated headlines this year and even with …
SMEs Are Bracing Themselves For The Impact of The Cost of Living Crisis Read More »
New research from Begbies Traynor “Red Flag Alert” has revealed stark figures, signalling a 19% year on year increase in the number of companies in critical financial stress, with 1,891 companies affected in Q1 2022. The industry most at risk is construction. The construction industry has felt the brunt of the late payment problem with …
Numbers of Businesses at Risk of Collapse Are Rocketing Read More »
The impact of rising energy prices on your business cashflow can be monumental. The cost of energy, price cap increases and the number of energy companies failing in recent months are putting immense pressure on UK businesses. With UK businesses chasing a combined £61 billion in late payments protecting your business cashflow is more critical …
The Impact of Rising Energy Prices on Your Business Cashflow Read More »
There is a dark cloud above us as the number of corporate insolvencies continue to rise in Scotland, England and Wales. With corporate insolvencies expected to increase by 33% this year, UK insolvency figures from Q4 2021 are showing that the needle is indeed moving. Corporate insolvencies in Scotland The number of Scottish corporate insolvencies …
Imagine having a crystal ball and seeing which customers are not going to pay you on time before you run into the problems late payments cause. By tuning into your customer’s behaviours, you will be able to clearly identify if there is a risk of your invoices being paid late. Understanding that invoices could be …
Spotting The Warning Signs That A Client Isn’t Going To Pay Read More »
As we wrap up the year and get planning for 2022 it is time to reflect on the previous 12 months and improve our processes, so we are in a strong position for the year ahead. Over the past 12 months we have noticed three key areas where businesses must be better equipped to avoid …
How To Protect Yourself From A Commercial Debt Nightmare Read More »
The number of corporate insolvencies is about to erupt. Global corporate insolvency numbers are expected to increase by 33% next year, returning to levels not seen since before the pandemic began. Deloitte estimate that they could be even higher than the 60% increase in corporate insolvencies experienced in 2009 during the global financial crisis. We …
Corporate Insolvencies Are Rising. What Is Causing Them To Increase? Read More »
Creditors have been dealt another blow with the temporary restrictions on winding-up petitions being extended by a further three months. With recent delays to the removal of some of the final coronavirus restrictions, we are still not out of the woods yet and this is having a prolonged impact on the economy. This three-month extension …
UK Government Further Extends Temporary Restrictions on Winding-up Petitions Read More »
No one likes to be left waiting around to be paid. This is why it is so important that you have an effective credit control process in place. Unpaid invoices are the bane of many business owners’ and credit controllers’ lives and cause a huge amount of stress for organisations of all sizes. When the …
How Effective Credit Control Can Help You Avoid Debt Recovery Read More »
Getting help recovering unpaid invoices from a business debt collection agency can be a seen a last-ditch attempt. However, it is always best to act quickly if you are owed commercial debt. Leaving debt outstanding for too long increases the risk that you lose your money for good and you may have to write it …
When Should You Contact A Business Debt Collection Agency Read More »
