Unpaid invoices can be a frustrating problem for any business. They can cause cash flow issues, increase administrative burdens, and strain relationships with customers. With the average SME in the UK being owed £68,413 in unpaid invoices, the soaring numbers of company insolvencies we’re seeing should be no surprise. Thankfully, there are steps you …
Common Mistakes That Lead To Unpaid Invoices & How To Avoid Them Read More »
As we enter the new 2023/24 tax year with a host of changes to the way we do things, are you prepared? You see, it’s not only changes to tax that we need to be aware of. The end of the current financial year gives us the opportunity to tie up loose ends with our …
Is Your Business Ready For The New 2023/24 Tax Year? Read More »
The Armageddon of corporate insolvencies we’ve witnessed all year shows no sign of slowing down, after some frightening statistics were shared from the month of November. 2,029 company insolvencies were registered in England and Wales last month, an increase of 21% year on year and 35% higher than pre-pandemic levels! The scene in Scotland paints …
The number of overdue invoices in Scotland hit a 2022 high between August and October this year with more than 100,000 companies failing to pay on time. An analysis of Creditsafe data has revealed 593,114 invoices in Scotland went unpaid past their deadline, 13,941 (2.4%) more than September’s figure of 579,173. It is not just …
Number of Overdue Invoices Hit A Record High in Scotland Read More »
Company insolvency figures for October have been released and they are quite frankly, frightening. The number of company insolvencies in England and Wales last month were 38% higher than October 2021 and 32% higher than pre-pandemic levels, with 1,948 companies filing for insolvency. The 242 compulsory liquidations reported in October this year were a staggering …
There’s never been a more critical time to make sure your business credit score is in the best shape possible. With costs spiralling and the value of unpaid invoices rocketing by over 20% it is vital for companies to get to grips with their credit file and ensure they can get the best possible supplier …
The Importance of Building Your Business Credit Score Read More »
Inflation in the UK has spiked to 9.1%, the highest level in more than 40 years. Figures from May 2022 have revealed the soaring costs of gas, electricity, food and transport are having a dramatic impact on business cashflow as we feel the squeeze from the worsening cost of living crisis. The recent hikes in …
UK Inflation Rockets To The Highest Level in Over 40 Years Read More »
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 »
Darcey Quigley & Co are delighted to announce that we have partnered with Know-it, the all-in-one credit management platform. Know-it is a tech solution that brings three key areas of the credit control process together in one place: Know-it automates credit management giving you more time to spend on other aspects of your business, whilst …
Darcey Quigley & Co Partner with All-in-One Credit Management Solution Know-it 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 »
