Late payments heavily impact the financial stability of small businesses. At best, a late payment poses tight profit margins and limited cash reserves. At worst, it can pose a significant threat to the financial stability and growth of your business for years to come. Knowing how the impact of late payments can affect your bottom […]
Read More...Living in a Caravan offers a unique lifestyle, blending freedom with a sense of community. However, as with any form of property ownership, it comes with its financial responsibilities. Among these are caravan site fees and pitch fees, necessary payments for the upkeep and use of the caravan park. Unfortunately, non-payment or delays in these […]
Read More...Small Business outstanding debts can represent a significant challenge to financial stability and overall business growth. Implementing robust debt collection strategies is essential to ensuring that your company remains financially sound and able to continue providing its products or services effectively. In collaboration with Frontline Collections, the UK’s longest-running private debt collection specialist, this informative […]
Read More...Disputes and disagreements are an inevitable part of life. However, when these disagreements escalate into potential legal battles, it’s crucial to know how to navigate the process effectively. One of the first steps in this process is sending a ‘Letter Before Action’ (LBA). This article will explore what an LBA is, its importance, and how […]
Read More...Invoice late payment is a common issue that plagues small businesses and the self employed across the UK. When clients and customers delay their payments, it can have a significant impact on a business’s cash flow, operations, and overall growth. The increasing number of invoice late payments has been highlighted in a recent survey by […]
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