UK debt collections

FEBRUARY 29, 2024

With a significant portion of the business community at risk, the government’s upcoming fiscal policies will not only shape the economic landscape but also signal its commitment to supporting the backbone of the economy.

Government 80

Government Trade 80

UK debt collections

OCTOBER 14, 2021

As the instrumental player in the UK’s economy, SME’s turnover turnover is estimated at £2.2trillion annually. Not only does it improve their growth, but the growth of the UK economy. SMEs are currently owed £61billion in late payments , a 20% increase compared to this time last year. The shocking impact of late payment.

Collection Agencies 104

Collection Agencies Collections Agency Collections Bankruptcy 104

UK debt collections

APRIL 16, 2021

Late payment is the silent assassin of thousands of SMEs in the UK every year. Such short term thinking can be very damaging to the very existence of SMEs warn experts. Know-its customers data has revealed 59% of Companies are receiving more excuses for non payment of invoices. Tackling Business late payment is nothing new.

Credit Management 80

Credit Management Debtor Trade Collections 80

UK debt collections

NOVEMBER 29, 2023

Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a public work ban The potential public work ban was announced as part of the Autumn Statement , where chancellor Jeremy Hunt outlined the deadlines that would tighten over the next couple of years.

Government 59

Government Collection Agencies Collections Agency Collections 59

UK debt collections

SEPTEMBER 4, 2020

The latest research shows that the majority of Businesses (SME’s) in the UK are being paid late as a result of the pandemic. This underhand business practice is threatening the recovery of the Economy according to findings by Bibby Financial Services. There are 5.9m There are 5.9m

Financial services 63

Financial services Loans Collections 63

UK debt collections

NOVEMBER 29, 2021

In-depth analysis by invoice finance provider, Time Finance has revealed some startling truths. Uncovering the shocking impact of late payments, analysis has found that challenges with cashflow and restricted growth ambitions were the direct effects of unpaid invoices. Late Payment culture. If one is stunted, so is the other.

Collection Agencies 59

Collection Agencies Collections Agency Collections 59