Business news 31 July 2023

Business
Business news 31 July 2023 James Salmon, Operations Director. Insolvencies hit highest level since 2009. Not enough hours in the day for SME owners. Energy costs put small firms at risk. Rate rise expected but hiking cycle may soon end. 
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UK small businesses owed £32.1bn in late payments

credit management
UK small businesses owed £32.1bn in late payments 19th July 2023 New research finds UK small businesses are owed £32.1 billion in late payments, with many considering using personal savings to support up their business UK small business are being
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Business news 14 July 2023

Business
Business news 14 July 2023 James Salmon, Operations Director. 43% of SME’s struggle with late payments. Corporate distress among SMEs rises. Mortgage rates hit 15-year high, defaults rise. UK economy contracted 0.1% in May.  And more business news that we
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Builders Merchants gunning for late paying builders

credit management
Builders Merchants gunning for late paying builders 11th April 2023 Faced with rising late payments, builders merchants have been gunning for late paying customers. According to a report from accountants at Mazars, the top 20 building merchants are increasingly turning
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Business news 22 November 2022

Business
Business news 22 November 2022 James Salmon, Operations Director. Who are the best and worst payers? The Department for Business, Energy, and Industrial Strategy (BEIS) has revealed analysis of late payments by large cap listed businesses on the the FTSE
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