Search results
Test
Your search for "" found 274 results.
The changing debt landscape
In June, consumer champion Martin Lewis warned that the mortgage ‘ticking timebomb’ he had predicted was ‘exploding’. The moneysavingexpert.com founder said that if interest rates were going to be high over three or four years, people were going to have to readjust their finances. With existing homeowners likely to stay…
VIEWTackling big companies who owe you money
There’s nothing more frustrating that not getting paid in a timely fashion by a multi-million-pound corporation. If this is a challenge you face on a regular basis, you’re not alone. According to analysis of UK Government data by the Chartered Institute of Procurement & Supply (CIPS), one in four invoices received…
VIEWHow to reduce the risk of unpaid international debts
Economic pressures are not exclusive to the UK. Many other countries are experiencing increased costs, rising interest rates and a slowdown in consumer spending. In the current economic climate, there’s increased risk of customers struggling to meet their financial commitments or going out of business, so you don’t get paid…
VIEWGovernment aims to tackle late payments to SMEs
Late payment is a constant frustration for business owners, many of whom rely on getting paid in a timely fashion to avoid serious cash flow issues. According to recent research by insurer Simply Business, UK small business owners were owed a staggering £32.1 billion in late payments. The Prompt Payment and…
VIEWHow construction contractors can deal with overdue debt
With a complex hierarchy of contractors and sub-contractors, debt collection in the construction industry can be a challenging process, particularly if you’re a small subcontractor at the bottom of the chain. Recent research by innovative payment platform Lopay shows that half of small constructors view late-paying customers as the greatest…
VIEWWhy debt collection shouldn’t stop for the festive season
With fewer working days, inevitable winter illness and the end-of-year rush causing changing priorities, December can be a particularly challenging month for debt collection. It’s important to put extra effort into credit control and do your best to end the year on a positive financial note. That being said, your…
VIEWA look back at debt collection in 2023
2023 has been a challenging year for many. Just as businesses were recovering from the COVID-19 pandemic, along came more economic pressures, with costs spiralling, interest rates rising and consumer demand slowing. It’s against this backdrop that we’ve seen some interesting developments and trends in debt collection during the past…
VIEWMitigating VAT impact on private schools: Preparing for change
During school conferences last year, the potential tax exemptions for private schools were a heavily discussed topic. The Labour Party has announced that if they take office at the next election, they will remove several tax exemptions from these schools and impose a 20% VAT on private school fees. What does…
VIEWIs your business ready for 2024?
2023 was a tough year for companies and consumers alike. Rising costs and interest rates continued to put extreme pressure on finances, creating economic problems and increased risk of debt default. So, what will 2024 bring? Will the economy recover? Inflation fell from 10% in January 2023 to 3.9% in…
VIEW