Business news 23 September 2024

Insolvency rates, the need to modernise banking, cash or card? National Debt hits 100%, loads on the coming budget,  workers rights, retail, manufacturing, pubs, ISG,  markets, insolvencies & more business news that we thought would interest our members.

James Salmon, Operations Director.

Insolvency rates drop in August

Company insolvencies in England and Wales have decreased by 15% year-on-year, from 2,286 to 1,953 in August, as businesses benefit from lower inflation and anticipated reductions in borrowing costs.

Jeremy Whiteson, a restructuring and insolvency partner at Fladgate, remarked that the figures are a “cause for optimism.” However, he cautioned that the threat of insolvency remains, as long-term trends indicate higher liquidation rates compared to pre-pandemic levels.

David Kelly, head of insolvency at PwC UK, noted that the Midlands accounted for 17% of overall insolvencies, with sectors like business services and engineering facing increased pressures. The Insolvency Service’s data reflects a broader trend, with Scotland also reporting a 9% decrease in insolvencies.

Traditional lenders need to modernise business banking

The City of London boasts a thriving fintech ecosystem, yet traditional banks struggle to meet the demands of modern business owners. Customers expect fast, reliable services akin to those offered by tech giants like Google and Amazon. However, many banks rely on outdated infrastructure, hindering their ability to innovate.

A survey revealed that 82% of SMEs would switch providers for better service. Despite this, there is potential for collaboration between traditional banks and fintechs, which could enhance the banking experience, says Sahar Meghani of the Visionaries Club in the Standard.

Small firms prefer cash over cards

Research indicates that over half of small firms prefer cash payments, with 55% of small to medium-sized enterprises (SMEs) routinely rejecting card transactions. Many business owners express concerns over high card reader service fees, with over a third feeling they pay too much. Richard Carter, founder of payment app Lopay, stated: “It is no surprise SMEs are baulking at the thought of processing fees. They deserve to receive as much of their money as is possible.” SMEs reportedly spend over £30,000 annually on card payments, with processing fees ranging from 1.5% to 6%. Meanwhile, a separate study revealed that half of all adults have not used cash in the past month.

National Debt hits 100% of GDP for the first time since 1960s

Figures from the Office for National Statistics (ONS) show government borrowing reached £13.7bn last month, £3.3bn more than in August last year and £2bn more than forecast. This takes borrowing for the current financial year to £64.1bn – £6bn higher than predicted in March.

“Central government tax receipts grew strongly, but this was outweighed by higher expenditure, largely driven by benefits uprating and higher spending on public services due to increased running costs and pay,” ONS chief economist Grant Fitzner said. The UK’s public sector debt has now hit 100% of the value of the country’s annual economic output for the first time since the 1960s with the latest public sector pay deals expected to push the figure higher.

Commenting on the figures, Thomas Pugh, an economist at audit firm RSM UK, said: “This will make for some hard choices at the Autumn Budget next month.”

Reeves to promise ‘a Budget to rebuild Britain’

Rachel Reeves will pledge “a Budget to rebuild Britain” in her speech to the Labour Party conference, with the Chancellor set to promise that there will be “no return to austerity” and outline Labour’s vision for a “decade of renewal.” Ms Reeves is expected to say her optimism for Britain “burns as bright as it ever has done.” The Chancellor will tell the conference: “My ambition for Britain knows no limits because I can see the prize on offer if we make the right choices now,” adding: “I know that promise has felt far off in recent years, as our growth, productivity and family incomes have fallen behind – but it doesn’t have to be that way.” Vowing to “make the choices necessary to secure our public finances and fix the foundations for lasting growth,” she will say: “Stability, paired with reform, will forge the conditions for business to invest and consumers to spend with confidence – Growth is the challenge and investment is the solution.”

Labour accused of ‘disheartening’ economy messaging

Rachel Reeves has been accused of undermining the economy by diminishing consumer confidence through her persistent warnings of tax increases ahead of the upcoming Budget. Justin King, former boss of Sainsbury’s, said Labour were deliberately painting a gloomy picture so the Budget doesn’t feel as bad as people were expecting. The Chancellor is also under pressure from Baroness Altmann, a former pensions minister, to restore winter fuel payments for pensioners following a £10bn fiscal boost from the Bank of England. Elsewhere, Stormont’s economy minister, Conor Murphy, also said Labour were creating a “disheartening and dispiriting” atmosphere and that he hoped the Government would change to a “more positive” message.

Rachel Reeves boxed herself in with tax promises

Increasing pensions and capital gains taxes would damage living standards, discourage saving and harm growth, economists have warned. The Institute for Fiscal Studies (IFS) has urged the Chancellor to resist the “superficially appealing” prospect of restricting upfront tax relief on pension contributions, arguing that it would damage incentives for people to save and result in a more “jumbled” tax system. A raid on capital gains would also backfire, the IFS claims, with tax increases acting as an “ever-greater drag on saving and investment.” “Poorly designed taxes distort taxpayer behaviour in ways that hamper growth and, ultimately, damage living standards. Unlike the broad-based tax rises on income and spending that Labour has ruled out, raising large amounts of money from either pensions taxation or capital gains tax would also mean making a big change to a relatively narrow tax base,” the IFS said. “All else equal, that will tend to mean more uncertainty in how taxpayers will respond.”

PM: ‘Not much room for tax rises’

Keir Starmer has sought to ease concern that the Budget will deliver a tax raid, saying that there is “not much room” for tax rises. With the Government looking to plug a £22bn gap in the public finances, it has been speculated that ministers will look to hike taxes and cut spending. However, the Prime Minister said: “People have had a lot of tax rises and there’s not much more room for tax rises.” Meanwhile, Chancellor Rachel Reeves has ruled out creating a new wealth tax, saying she was “not looking at creating some new tax, or a wealth tax.” Insisting that her upcoming Budget will stick to the party’s manifesto commitments, Ms Reeves is set to tell the Labour conference: “We said we would not increase taxes on working people, which is why we will not increase National Insurance, the basic, higher or additional rate of income tax, or VAT,” adding: “And we will cap corporation tax at its current level for the duration of this Parliament.”

Tax dodgers targeted

Chancellor Rachel Reeves has announced a significant initiative to recruit 5,000 investigators to combat tax evasion over the next five years, with officials looking to close the £39.8bn tax gap, which represents 4.8% of total liabilities. The initiative, which will see 200 new investigators hired in November, aims to empower HMRC to recover lost revenue. A consultation on mandatory e-invoicing will also be introduced to deter tax dodging. Wealthy individuals or businesses illegally evading tax, and criminals smuggling alcohol and tobacco, accounted for 24% of the tax gap in the 2022/23 tax year. The largest group were people failing to “take reasonable care” with their taxes (30%).

Family firms fear tax rises

A survey from Family Business UK shows that four out of five family-owned businesses do not believe Labour was honest with voters about its plans for tax rises in the lead-up to the election. Family businesses, which employ 13.9m people and contribute over £200bn in taxes annually, say they may resort to freezing recruitment or liquidating assets if tax breaks are reduced. Neil Davy, chief executive of Family Business UK, has warned that the Government risks “the future of British enterprise” by potentially withdrawing longstanding tax reliefs that facilitate the transfer of business assets without incurring hefty inheritance tax bills.

Families rush to gift assets

As the Budget approaches, parents and grandparents are hastily transferring property, cash, and investments to avoid potential tax increases on capital gains tax and inheritance tax (IHT), with lawyers having noted a significant rise in clients gifting assets. The urgency is heightened by fears that tax changes could take immediate effect, similar to past Budget announcements. Current IHT rules allow for a £325,000 allowance, with a 40% tax on amounts exceeding this threshold.

Tax crackdown looms for freelancers

Self-employed workers are facing increased scrutiny from HMRC following a recent Supreme Court ruling that dismissed an appeal regarding a £584,000 employment tax liability. The case has raised concerns about a potential crackdown on freelancers and Waqar Shah from law firm Kingsley Napley warns that HMRC could use the court’s decision to “ramp up inquiries” into freelancers and the companies who employ them to raise extra tax revenue.

Corporate tax breaks cost more than they generate

Corporate tax breaks aimed at encouraging investment in new machinery are projected to cost taxpayers approximately £30bn while generating only £10.5bn in fresh investment, according to a report by Demos and Common Wealth. The Treasury claims that the full expensing initiative will lead to £15bn in investment, but this is still significantly less than the cost to taxpayers. The think-tanks advocate for reforms in corporate governance to prioritise investment over shareholder returns, suggesting that “the cost could be better spent on direct public investment.” Andrew O’Brien, policy director at Demos, commented: “Full expensing is not the silver bullet to boost business investment that some had hoped.” A Treasury spokesperson said: “Permanent full expensing is forecast to grow the economy and it solidifies the UK’s position as the joint most competitive country in the world for capital allowances.”

Retail sales bounced back in August

Figures from the Office for National Statistics show UK retail sales experienced a 1% increase August compared to July, due to improved weather conditions,. Oliver Vernon-Harcourt, head of retail at Deloitte, noted: “The late arrival of sunshine and the busy agenda of sporting events in August gave a much-needed lift to UK retail sales.” Despite this positive trend, sales volumes remain 0.4% lower than pre-pandemic levels from February 2020. The three-month period leading to August also saw a 1.2% increase in sales compared to the previous three months, indicating a cautious yet optimistic consumer sentiment. However, a decline in consumer confidence, as highlighted in the GfK survey, poses potential challenges ahead.

Workers face epidemic of long hours

The Institution of Occupational Safety and Health (IOSH) has highlighted a concerning trend among workers, revealing that many are clocking in an average of two extra unpaid hours weekly. A survey of 1,000 workers found that over half reported working while feeling unwell, with one in four exceeding the legal 48-hour work week limit.

Ruth Wilkinson, head of policy at IOSH, stated: “This cannot continue. Our survey results show there is an epidemic of people working long hours – often without pay – and with people working while ill or on holiday.” The majority of respondents supported a proposed initiative by the Labour Government to ensure employees have the right to “switch off” after hours, agreeing with the need for a better work-life balance.

Markets

On Friday, London went into profit taking mode as the rally faded, with sentiment reversing following a profit warning from US delivery giant FedEx Corp. The company is an economic bellwether due to its wide exposure to retail and manufacturing companies. The FTSE 100 closed down 1.19% at 8229.99 and the Euro Stoxx 50 closed down 1.45% at 4871.54. Over in the US the S&P 500 dropped 0.19% to 5702.55 and the NASDAQ fell 0.36% to 17948.22.

This morning on currencies, the pound is currently worth $1.328 and €1.196. On Commodities, Oil (Brent)  is at $74.4 & Gold is at $2617. On the stock markets, the FTSE 100 is currently up 0.14% at 8241 and the Eurostoxx 50 is flat at 4871.

Attention now turns to the purchasing-managers indices for the US, UK and Germany. S&P Global’s manufacturing PMIs for the US and Germany recorded month-on-month declines in August, but the UK notched up its fourth consecutive month of increased factory activity.

Staff back move to limit out of hours contact

Most people support the Government’s plans to restrict employers from contacting staff outside working hours, according to a survey commissioned by the Autonomy Institute think-tank. The poll saw just 17% of respondents say they oppose the move. Autonomy has urged ministers to copy legislation from France and Portugal which includes financial penalties for employers who choose to ignore the policy. Will Stronge, director of research at the think-tank, said: “Giving too much power to employers to dictate the terms of new ‘Right to Switch Off’ legislation could risk seeing the policy fall by the wayside.”

Manufacturing M&A activity set to soar

According to a report from BDO, strong levels of mergers and acquisitions (M&A) activity are anticipated in the UK manufacturing sector for the remainder of 2024. Roger Buckley, deal advisory partner at BDO, stated: “While overall deal volumes remained relatively steady compared to 2023 figures, we expect to see strong levels of M&A activity over the coming months.” The report highlighted that 307 deals were completed in the first half of 2024, with 18% being buy-outs and a third being cross-border transactions. The rise in capital gains tax could affect M&A sentiment, but the manufacturing sector remains resilient, driven by factors such as sustainability and the circular economy. Notably, 40% of SMEs believe a circular business model will be more profitable, indicating a shift towards sustainable practices in the industry.

Kitchen retailers see sales slump as Budget looms

Renovation plans are being scrapped by middle-class homeowners amid fears over Labour’s high tax Budget in October. Kitchen retailers are reporting that since Sir Keir Starmer’s warning last month that he and the Chancellor would have to enact a “painful” Budget, orders have been torn up and potential customers are not responding to quotes. Jamie Everett, co-founder of Naked Kitchens, a bespoke kitchen manufacturer in Norfolk, said: “In September it’s like somebody just turned the tap off. It’s quite insane.”

Pubs to be hit by tax rises

In the first half of 2024, 305 pubs permanently closed across England and Wales, according to analysis by Altus, bringing the total to 39,096. While noteworthy, the decline is less severe than the 383 closures in the same period of 2023. Alex Probyn, president of property tax at Altus Group, cautioned that upcoming tax rises in 2025 could exacerbate the situation, saying: “The last thing pubs need is an average business rates hike of £12,160 next year through inflationary rises and the loss of the discount.” The removal of business rates relief, which previously provided 100% support during the pandemic, is expected to cost hospitality businesses an additional £928m.

Labour to bring back ‘boiler tax’

The Energy Secretary is expected to impose heat pump targets next year, forcing manufacturers to sell more or pay hefty fines. The move would see up to £180 added to the price of a boiler, manufacturers warn. The Clean Heat Market Mechanism (CHMM) was initially drawn up by the Tories but was later ditched. Claire Coutinho, the shadow energy secretary, explained: “I scrapped this policy last year because I strongly felt we should think again. It’s a classic example of policy designed for the green lobby and vested interest groups rather than for the consumer.”

Thames

Thames Water expects to run out of cash by December at which point it would be taken into the Government’s special administration regime. This action could cost the UK taxpayer around £10bn.

Rightmove

Rightmove has received a second revised offer from Murdoch-owned REA Group valuing the property portal at approximately £6.1 billion. This marks the third approach made by REA, following an initial proposal on 5 September at 705p per share and a revised offer on 16 September at 749p per share. Rightmove has rebuffed all previous offers on the grounds that they are “wholly opportunistic”, but has yet to make a statement on this latest offer.

Chancellor faces tough tax decisions

The Institute for Fiscal Studies (IFS) has warned that Rachel Reeves, the Chancellor, is facing significant challenges in her upcoming Budget due to her commitment not to raise the four main taxes that account for 75% of government revenue. The IFS said there was a danger the Chancellor would seek extra revenues from “economically damaging” tax rises that only bring short-term relief. Isaac Delestre, an IFS research economist, stressed the need for reform in the tax system, stating that “taxes on pensions, capital gains and inheritances – to name just three – are all crying out for reform.”

Wealthy investors urged to pay exit tax

The Resolution Foundation has urged Rachel Reeves to implement an “exit tax” on wealthy investors relocating abroad, as a response to a significant increase in the number of millionaires leaving the UK. The think tank’s report suggests that the current capital gains tax exemption for those leaving for over five years should be scrapped. “An Australian-style exit charge should be introduced that levies capital gains tax when people move out of the country,” the report states. The Henley Private Wealth Migration Report 2024 estimates that the UK could lose up to 9,500 millionaires this year, more than double the previous year’s figure. Tax experts, including Nimesh Shah from Blick Rothenberg, warn that while the government needs investment, the current political stance risks diminishing tax revenues.

Construction firm ISG enters administration

ISG, a construction firm involved in numerous government projects, has entered administration, resulting in the redundancy of most of its 2,400 employees. The company failed to find a suitable buyer or rescue deal and administrators from EY confirmed that ISG ceased trading immediately, with only 200 staff retained to assist in the process. ISG was engaged in 69 government projects valued at over £1bn, including £300m dedicated to prison construction in Buckinghamshire. Zoe Price, ISG’s chief executive, stated: “Trading out these projects has had a significant effect on our liquidity,” highlighting the impact of lossmaking contracts secured between 2018 and 2020. The Cabinet Office has activated contingency plans to secure ongoing projects, as ISG’s collapse marks the largest failure in the UK construction sector since Carillion in 2018.

The company’s downfall has raised serious concerns about the construction sector’s stability, echoing the Carillion scandal of 2018. ISG, which had previously boasted £2.2bn in annual revenue, struggled with fixed-price contracts and financial mismanagement. The collapse has left numerous public sector projects in limbo, prompting questions about corporate governance and the future of the industry. The Sunday Times notes that the probe into ISG’s demise is likely to beg questions of management and the board. The paper points out that the Carillion scandal resulted in a full-blown investigation by the Financial Reporting Council into the actions of directors.

Latest Insolvencies

Petitions to wind up (Companies) – OLD MILL SOLUTIONS LTD
Petitions to wind up (Companies) – PW FLOORING SOLUTIONS LTD
Appointment of Liquidators – MEIKON LIMITED
Appointment of Liquidators – ORIGIN SOUND LIMITED
Petitions to wind up (Companies) – ADIL SPECIALIST CARS LTD
Appointment of Liquidators – ANTENA CYFYNGEDIG
Petitions to wind up (Companies) – TCP PHARMA LIMITED
Appointment of Liquidators – GOODHAWK CONSULTING LIMITED
Petitions to wind up (Companies) – MAKAR TECHNOLOGIES LIMITED
Appointment of Administrator – BURFORD CIRCLE LTD
Petitions to wind up (Companies) – SYDCA LIMITED
Appointment of Liquidators – GUINDI & CO. LTD
Appointment of Liquidators – CAPSUN PROAUDIO LTD
Appointment of Liquidators – CULLOCHGOLD HOLDINGS LIMITED
Appointment of Liquidators – TULLEY BUNTING LTD
Petitions to wind up (Companies) – EMPIRE PROPERTY DEVELOPMENT HOLDINGS LIMITED
Petitions to wind up (Companies) – THAI LEMONGRASS LIMITED
Petitions to wind up (Companies) – C.J.T UTILITIES LTD
Appointment of Liquidators – FJ PROFESSIONAL SERVICES LIMITED
Appointment of Liquidators – SAMPLE MAGIC LIMITED
Petitions to wind up (Companies) – AL KHALIL COLLEGE
Appointment of Liquidators – BENCKISER
Appointment of Liquidators – ENOC SERVICES (UK) LIMITED
Appointment of Liquidators – MCBRIEN & MCSORLEY LIMITED
Appointment of Liquidators – STRATFIELD HOMES LIMITED
Petitions to wind up (Companies) – DISTINCTIVE LANDSCAPES LTD
Appointment of Liquidators – ALLDRED HOLDINGS LIMITED
Appointment of Liquidators – SYNERGIE GLOBAL LTD
Petitions to wind up (Companies) – INTOXICOLOGY LTD
Petitions to wind up (Companies) – SYCAMORE PROPERTIES (SCOTLAND) LTD.
Petitions to wind up (Companies) – AHEAD SCM LIMITED
Appointment of Liquidators – SPILLANE SOLUTIONS LTD
Petitions to wind up (Companies) – SK MGMT LTD
Petitions to wind up (Companies) – ASIA EDINBURGH LTD
Petitions to wind up (Companies) – FLOWERPOT PROPERTIES LIMITED
Appointment of Liquidators – URBAN GREEN HOLDINGS LIMITED
Petitions to wind up (Companies) – ORBIT RELOCATION LTD
Appointment of Liquidators – ADHESIVE BROKERS LIMITED
Appointment of Liquidators – HATTERS ACTUARIAL CONSULTING LTD
Appointment of Liquidators – INSTIP LTD
Petitions to wind up (Companies) – PLSEA LTD

Appointment of Liquidators – PORTRAIT SOFTWARE LIMITED
Appointment of Liquidators – ANDREW CAMERON WALSH LIMITED
Appointment of Administrator – LONDON COCKTAIL BARS LIMITED
Appointment of Liquidators – PRECISELY SOFTWARE AND DATA HOLDINGS LIMITED
Appointment of Liquidators – MONTBRIO CONSULTING LTD
Appointment of Liquidators – THAMES PROPERTIES LTD.
Appointment of Liquidators – SHORT THETA LTD
Appointment of Liquidators – PHANTOM INTERNATIONAL LTD
Appointment of Liquidators – PANNELLS FINANCIAL PLANNING LTD
Appointment of Liquidators – LION AND LAMB CAFE LTD
Appointment of Liquidators – BURTON ANALYSIS CONSULTING LTD
Appointment of Liquidators – MACTON LIMITED
Appointment of Liquidators – LYNNE RATCLIFFE CONSULTING LTD
Appointment of Liquidators – ANRITSU INFIVIS LTD.
Appointment of Liquidators – SOUTHDOWNS OFFICES LIMITED
Appointment of Liquidators – WINSHUTTLE UK LIMITED
Appointment of Liquidators – SOLENT ADVENTURE SAILING LIMITED
Appointment of Liquidators – ECOBUILD HOLDINGS LTD
Appointment of Liquidators – AN STUC CONSULTING LTD
Appointment of Liquidators – PINEWOOD OSTEOPATHS LIMITED
Appointment of Liquidators – OXWOOD PROPERTY LIMITED
Appointment of Liquidators – CRANE & WALKER DEVELOPMENTS LTD
Appointment of Liquidators – VADIS PEOPLE SERVICES LIMITED
Appointment of Liquidators – DREVELOP LIMITED
Appointment of Liquidators – TARNLAN HOLDING LTD
Appointment of Liquidators – LOFTUS INVESTMENT LIMITED
Appointment of Liquidators – PEP SERVICES (NOMINEES) LIMITED
Appointment of Liquidators – PROPELLER HOMES LTD
Appointment of Liquidators – IN ABIS HANDS LTD
Appointment of Liquidators – NIPSON TECHNOLOGY UK LIMITED
Appointment of Liquidators – DGT CATERING LIMITED
Appointment of Liquidators – STRIVE LIMITED
Petitions to wind up (Companies) – SHABABA LIMITED

Why you should become a member of CPA!

The Credit Protection Association (CPA) has been assisting thousands of UK businesses to get paid, since 1914. We have supported our members through all sorts of difficult trading environments.  With high interest rates and a struggling economy and elevated insolvencies, our services can help your business navigate these difficult waters.

Unlike other credit management and debt collection companies, we offer a range of services to our members that are all included as part of a fixed annual subscription, tailored to your needs.

Under your annual subscription you will have access to our main services:

  1. Our Creditcare credit reports provide credit ratings and limits along with a host of detailed information on your potential customers to enable you to trade with confidence and set appropriate credit policies for new customers.
  2. Our monitoring service will alert you to any significant changes in the status of those customers.
  3. Our Overdue account recovery service can be used to chase up payment on any invoices to those customers that have not been paid on time. Unlike other debt collection companies, this service directs your customer to pay direct to you and allows you to maintain your goodwill with them, rather than inserting ourselves into your relationship with you customer and insisting they pay CPA instead. Our Overdue account recovery service resolves over 80% of accounts referred to us.

All of the above services and other complimentary services such address verification, are included in your subscription!

And for the small minority of debts not resolved through our Overdue account recovery service, you can refer the debt to our collections department to escalate the late payment collections process.

CPA eases cash from tardy debtors – Efficiently, Effectively, Economically and Ethically. And we provide credit information so you can monitor and assess your key customers and be warned of any potential risks. CPA has been improving business cash flow for over 100 years, by tackling late payers and campaigning against the late payment culture in the UK.

Unlike other credit management companies, we offer our members a fixed annual subscription regardless of how high the value of their debts maybe!

Rather than to borrowing more money to improve your cashflow, CPA suggests that business owners tackle the problem at its source. If late payments are a strain on your cashflow, then talk to CPA about how we can help you reduce those late payments.

Just call Peter Uwins, CPA’s National Sales Manager, on 020 8846 0000 (business hours) or email nsm@cpa.co.uk today.

When you see your money come in, you will be so glad you used CPA.

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections

 

Do you have a commercial late payer that is causing you grief? Use CPA’s no-win, no-fee, commercial debt recovery service!

If you have a particular business customer who is late paying and causing you sleepless nights, why not offer it to CPA’s collection department for purchase on recourse?

CPA’s collection department will then pursue the debt. We will be liable for any costs incurred and then when we have recovered the debt, we will pay you the net principle debt recovered less our percentage.

Once you have enjoyed that success then you can consider the more cost effective membership which includes our Overdue Account Recovery service and Status/Credit reports as well as a range of other complimentary services.

Just call  020 8846 0000 and ask for Godfrey Nelson or Cris Shirley (business hours) or email debtpurchase@cpa.co.uk today.

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.

 

Get compensated for previous late payments

Have you been paid late by business customers in the last six years?

Maybe you no longer work with them. Under legislation, you are entitled to  compensation you for those late payments you have suffered.

You put up with the PAIN – now claim the GAIN!

Claim late payment compensation (LPC) from former business customers who paid you late in the last six years!

CPA (LPC) Recoveries is using our bespoke software and decades of experience to do just that for our clients

Check our compensation calculator to see how much your business could be owed!

Discover NOW the potential value of late payment compensation hidden in your sales ledger!

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.