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Small businesses are wasting a week chasing late payments
In a recent report commissioned by Intuit QuickBooks, it was found that small businesses in the UK are spending on average more than one working week chasing late payments. The study of 500 small businesses found that SMEs spend 56.4 million hours a year looking for overdue and late payments, with most of this being […]
Don’t get caught out by paying the wrong person – the debt collection perspective
Following the recent case of Sell Your Car with Us Ltd v Anil Sareen [2019], we wanted to put together some useful tips to make sure you don’t fall into the trap of paying the wrong person, especially if it is a scam. We see this time and time again, both clients and their customers […]
If one thing is for certain, it’s that uncertainty is no good for British business
Dare we use the B word? Better not! With time ticking, it is becoming increasingly apparent that the UK’s current financial landscape, doesn’t know how to cope with the uncertainty surrounding the UK’s exit from the EU. Nobody or business can realistically predict how worldwide markets might react once we have left, but research published […]
Improved payment times reported within construction industry
Improved payment times reported within the construction industry Build UK recently reported that its members have reduced the average amount of time taken to pay invoices. For the last year, Build UK have been publishing data submitted under the Duty to Report on Payment Practices and Performance. The latest figures show a reduction of 5 days, bringing […]