tips to avoid slow payments

Top tips to avoid slow payments

Chasing slow paying clients is a burden that all businesses share at one point or another. Out of control accounts put a huge pressure on a business’s cash flow, particularly for Small and Medium Enterprises (SMEs). The Federation of Small Businesses (FSB) has released data that shows that around 50,000 small businesses close each year […]

uk insolvencies statistics

Insolvency statistics highlight the challenges in managing trade credit risk at a time of uncertainty

The latest Insolvency Service figures released on 30 October 2020 show reductions in corporate insolvencies but mask the true state of the country’s business sector. The Q3 insolvency statistics show that there were 2,672 company insolvencies in Q3 2020, down by 9% on Q2 2020 and down by 39% on Q3 2019. Certainly it has […]