Late payments put pressure on those who pay on time!
According to the latest survey of credit professionals, two in three of businesses are now directly affected by late payments. The latest research…
UK businesses urged to take precautions as fear of trade credit risks increases
More than a third of all UK businesses are expecting an increase in payment delays and payment defaults over the next six months, according to trade…
Insolvency Service investigation leads to shut down of solar panel company
Solar Energy Savings Limited, which marketed and sold solar panel systems to the general public, was wound-up on 26 July 2012 by the High Court in…
Unwillingness to share financial information may exacerbate credit crisis
The proportion of UK firms carrying a credit rating which may negatively affect their ability to obtain finance and favourable credit terms from…
Late payment is ‘badge of honour’ for British businesses
Late payment has become a ‘badge of honour’ for British businesses, which are failing to see the knock on effects stalling payments can…
SMEs lead the fall in business insolvencies
The latest Business Insolvency Index from Experian revealed that during June 2012, 0.08 percent of the business population failed – a small…
Automotive: Staffordshire
Chambers Vehicle Conversions (CVC) found a niche in the automotive industry as a specialist ‘outfitter’ for commercial vehicles. It had…
Nearly £6 million recovered by DCAs every day
Levels of debt being collected by members of the Credit Services Association (CSA) have returned to pre-Christmas levels, according to the latest…
Glass and Glazing: Southampton
SFP’s recent appointment as Administrators of specialist glass and glazing company Express Glass & Glazing (New Build) Limited, after it…
Calls for UK’s top 100 FTSE companies to sign PPC
An Oldham MP has embarked on a new campaign to encourage the UK’s top 100 FTSE companies to sign up to the Prompt Payment Code (PPC). Be Fair –…
