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Search results: 28 article(s) found in topic: Debt recovery - keyword: Debt recovery

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Good news on late payments?

In March 2019 the Chancellor promised further action to tackle late payments and the Small Business Commissioner has also upped his game. How will this help you manage this issue, if at all? More...


A new tactic to stop late payment

There’s new research showing that the UK is the “late payment capital of the world”. Could a change in your terms and conditions reduce any problems you have with customers? More...


New debt recovery rules for businesses

From 1 October 2017 businesses that wish to recover debts will be required to follow a new “pre-action protocol for debt claims” in certain situations. When will it apply and what are the consequences if it’s ignored? More...


Latest on Prompt Payment Code

The Small Business minister has put her weight behind changes to the Prompt Payment Code. But are they likely to help your business? More...


New plans for corporate debt

The government wants to amend the rules to protect SMEs from insolvency. But some experts say that the scheme could backfire. What’s the full story? More...


The Small Business Commissioner

In 2015 the government indicated that a new Small Business Commissioner (SBC) would be set up in early 2016. However, despite its assurances, this didn’t happen. Has the idea been abandoned? More...


A Small Business Commissioner

In early 2016 a new Small Business Commissioner (SBC) will be set up. One of its main functions will be to help small firms recover late payments from larger businesses. How will it do this exactly? More...


Getting customers to pay sooner

While your business is successful, cash flow is still tight from time to time. It could be eased if only you could get your customers to pay more quickly. What practical measures can you take to achieve this? More...


Commercial debt compensation rules beefed up

For many years, companies have been able to claim a fixed rate of compensation from another business if it’s not paid an invoice on time, e.g. £40 for debts of less than £1,000. The rules have now been extended. So what’s happened? More...


Small claims court limit to double in size

Sometimes, directors must take court action to recover money that the company is owed. On April 1 2013, the Small Claims Court (SCC) limit will rise from £5,000 to £10,000. Is this a help or a hindrance to debt recovery? More...
Last updated: 05.08.2020

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