late payment

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Duty To Report – Prompt payment the battle continues…

Why should SME's take a good look into outsourcing credit control options early on in the payment cycle process of their business? ....to help avoiding as much late payment as possible. For some that's only realised when it's almost too late. The blame may often lay in their own hands not just their debtors, when facing [...]

Late payment, the domino effect….

At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of 23% [...]

2016-08-23T10:06:59+00:00 August 23rd, 2016|Categories: B2B, Business, Debt Recovery, Insolvency, News, Outsourcing, SME|Tags: , , |

Enterprise Act becomes law, will it help small firms resolve issues such as late payment?

The Enterprise Act includes measures to: establish a Small Business Commissioner to help small firms resolve issues such as late payment include the actions of regulators in the government’s £10 billion deregulation target and increase transparency through annual reporting requirements extend the successful Primary Authority scheme to make it easier for businesses to access consistent, tailored [...]

2016-05-05T16:41:30+00:00 May 5th, 2016|Categories: Legal, News, SME|Tags: |

Paying for late payment.

Leading Computer Software Developer – UK Our client, a supplier of computer software systems provided solutions to a prestigious retailer in London who delayed payment time and again. After making one too many promises to pay the overdue invoice was escalated to be dealt with by our debt recovery team. There was no agreement in place [...]

2015-12-04T13:07:40+00:00 December 4th, 2015|Categories: IT|Tags: , , |

Warning to SME’s chasing late payments

SMEs will be disadvantaged in chasing late payments from big business customers the Bar Council has warned. Wealthy individuals and big business will have the upper hand in court proceedings if further increases in court fees get the go ahead under plans announced by the Ministry of Justice, the Bar Council has warned. The Bar Council, which [...]

2015-10-02T10:28:06+00:00 October 2nd, 2015|Categories: Legal, News|Tags: , , |