Consumer confidence and the turning service sector – business news 6 July 2020.

6 July 2020.

James Salmon, Operations Director.

We look at the consumer confidence rising, the services sector turning, the latest covid and market news, productivity, a debt warning, whats going to happen with taxes, the latest on furlough, retail and other insolvencies, SME support and a lot more.

Here are CPA we want to  share the business news stories we have seen that we think will affect our members and readers. Many of us are busy fighting to protect our businesses and therefore might have missed some of the news that could impact small businesses, their owners and those that sell on credit.

Covid-19 general news

Chancellor of the Exchequer, Rishi Sunak is reportedly planning to give £500 to every adult and £250 to every child in the country to spend on sectors worst affected by the covid-19 crisis. The proposal, which was drawn up by left-leaning think tank the Resolution Foundation, would see people given vouchers to spend on sectors such as hospitality and bricks and mortar retail.

The UK Government has unveiled a £1.57 billion support package to help protect the futures of UK theatres, galleries, museums and other cultural venues. Culture Secretary Oliver Dowden said new grants and loans aim to preserve “crown jewels” in the UK’s art sector as well as local venues.

The UK government has scrapped the 14 day quarantine rule for more than 50 countries including France, Italy and Spain but not the USA from 10th July. The move which partly reverses the 8th June decision to impose a 14 day quarantine will be replaced by a traffic light system, red, amber and green with red representing countries where travellers will still face a 14 day self-isolate requirement. In total, 59 countries are included on the list, along with the 14 British Overseas territories, Ireland, the Channel Islands and the Isle of Man. The list is dominated by countries from the EU, along with many of the Caribbean islands. Australia, Japan, Hong Kong, New Zealand and Taiwan all also make the list. The United States, Canada and China are not on the list.

Authorities in Spain, one of the countries worst affected by covid-19, have reimposed restrictions in Catalonia and Galicia after a spike in new cases.

Iran reported its highest daily death toll yet and made the wearing of masks obligatory.

The US saw a record number of new infections on Friday with 55,000 ahead of their independence day celebrations which health officials have begged to be scaled back.

President Jair Bolsonaro blocked laws requiring Brazilians to wear face masks in shops, schools and churches, although they will have to do so elsewhere in public

James Tapper in the Observer looked at claims local health officials are not being given information on COVID-19 infections in their area. MPs have raised questions about the role of Deloitte, which was appointed to run testing centres, with it shown that the government contract does not require the company to report positive cases to Public Health England


The FTSE 100 fell 1.5% on Friday, as Euopean indexes also fell although not as dramatically. The US market was closed for independence day celebrations. Financial stocks and resources led the way down.

Business activity in the euro zone recovered last month as countries eased covid-19 lockdown measures. IHS Markit’s composite purchasing-managers’ index, a gauge of the economy, rose from 31.9 in May to 48.5 in June.
Consumer confidence rising

UK consumer confidence is beginning to pick up, according to Growth from Knowledge’s (GfK) fourth flash report, which indicates that, with lockdown restrictions easing, confidence increased three points over the last two weeks to -27. The small rise, recorded between 18-26 June, comes after the index fell to its lowest ever level of -36 last month.

The overall score is based on five measures, four of which improved over the 14-day period. The biggest rises were in the major purchase index, which climbed seven points to -25, and in the 12-month general economic situation, which rose six points to -42.

GfK client strategy director Joe Staton comments: “Economic headwinds could easily blow any recovery off-course with confidence remaining fragile and volatile amid few signs of stability.”

Services sector sees turnaround

The IHS Markit/Cips purchasing managers’ index (PMI) for the services sector rebounded to a reading of 47.1 in June from 29 in May, which had followed an all-time low of 13.4 in April on a scale where any reading below 50 denotes contraction.

Tim Moore, economics director at IHS Markit, said: “June data highlights that the worst phase of the service sector downturn has passed as more businesses start to reopen and adapt their operations to meet social distancing requirements.”

Danker: Smart thinking can add £130bn to economy

Tony Danker, the incoming director general of the Confederation of British Industry (CBI), says the coronavirus crisis can be a catalyst for a move toward a more efficient economy.

Mr Danker, who will replace Dame Carolyn Fairbairn at the CBI in November, says that Britain has struggled to address productivity issues since the financial crisis , and identifies infrastructure spending and improving skills as important, but slow-burning, boosters for productivity. With this in mind, he suggests: “Government can’t fix the productivity problem; business has to”. Mr Danker says firms are showing a thirst for efficiency, technology and innovation, adding that it is “a tragedy that it’s taken a global pandemic” to stimulate new ways of thinking.

He adds that a 10% increase in productivity across the smallest 75% of firms could add £130bn to the economy.

OBR chair in debt warning

Robert Chote, chairman of the Office for Budget Responsibility, has warned Chancellor Rishi Sunak over the risks of taking on large amounts of debt. With state support amid the coronavirus pandemic of around £132bn driving up the nation’s debt as a share of the economy, Mr Chote said: “A sensible government is not merely going to look how cheap it is for governments to borrow today but what difficulties will be created if it became more expensive.”

Sunak to act on VAT, business rates and stamp duty

Chancellor Rishi Sunak is expected to outline targets for cuts in VAT and stamp duty in a budget statement that will look to boost the economy.

With Wednesday’s statement not a full Budget, the Chancellor’s options for rethinking taxes are limited, the Sunday Times noted, saying he will be able to change VAT rates without the need for a finance bill or a vote in parliament.

Whitehall sources have told the paper that Mr Sunak is seeking cuts for a fixed period, with this likely to deliver six-month reductions in VAT on the hospitality industry. Business rates relief and a moratorium on businesses filing VAT returns rolled out to ease pressure brought about by coronavirus pandemic are expected to be extended.

While stamp duty is unlikely to be altered this week, the Chancellor will reportedly outline plans for changes that will come in his autumn Budget. The Observer looked at what Mr Sunak may announce, saying he has faced calls to cut VAT to boost consumer spending

Furloughed workers gain protection from redundancies

The Sunday Telegraph reported that employers planning mass redundancies of furloughed workers face restrictions that may see them forced to pay back taxpayer money.

The Treasury has reworded the purpose of the Coronavirus Job Retention Scheme to say it is “integral” that the money is “used by the employer to continue the employment of employees”.

This, the paper says, has panicked some businesses while giving campaigners hope that bosses may now think twice before cutting jobs. MP Huw Merriman is tabling an urgent question asking the Treasury to clarify the changes.

Eleena Misra, employment barrister at Old Square Chambers, said the rewording could be interpreted as signalling a crackdown on fraud, while law firm Lewis Silkin notes that HMRC had said the furlough scheme could be used during both redundancy consultation and notice periods, but not for redundancy pay.

HMRC told the Telegraph: “This change is just setting out the intended purpose of the scheme … employees remain eligible while on their statutory notice period.”

Sunak urged to extend furlough

Chancellor Rishi Sunak has been urged to extend the furlough scheme, with Nye Cominetti, senior economist at the Resolution Foundation, calling on the Treasury to extend support to the sectors hardest hit by the virus, such as retail, hospitality and leisure.

“With the scheme due to be phased out between August and October, a second wave of unemployment is expected later this year. How big will depend a lot on how Government responds to the next phase and if the Chancellor extends support for the hardest hit sectors,” he added.

EY Item Club analysis suggests the unemployment rate will rise from 3.9% during the first quarter to 7.5% in Q3, with chief economic adviser Howard Archer warning: “The jobs situation looks increasingly worrying.”.

Retail insolvencies affect 56,000 jobs

A total of 2,630 stores and nearly 56,000 jobs have been affected by insolvencies in the retail sector so far this year, according to the Centre for Retail Research.

This compares with 2,051 stores and 46,500 jobs affected during the whole of 2019. With a number of retailers falling into insolvency having been hit hard by the coronavirus lockdown, 24,000 jobs have been lost across the sector already in 2020.

Joshua Bamfield, director at the Centre for Retail Research, said the end of the furlough scheme and the end of a moratorium on lease forfeits could see further cuts. “The second half of the year could be disastrous for high streets,” he warned.

CEBR chief in jobs warning

While the Centre for Economics and Business Research says unemployment is expected to peak at a record 3.3m this year, chief executive Doug McWilliams has warned this could get far higher amid growing job losses. Mr McWilliams said: “What we don’t know is what happens after furlough ends. If there are job losses and companies fail and there is quite a long period of nothing happening, it will all unwind pretty damn quickly.”

Small firms call for support

In a letter to Chancellor Rishi Sunak on behalf more than 120 UK SMEs, Blick Rothenberg has called for support including a reduction in VAT to at least 15% for a two-year period, a reduction in national insurance to 10%, and a reduction in business rates.

Milan Pandya, a business advisory partner at Blick Rothenberg, said: “SMEs are crying out for government to create a medium-term stable environment”, arguing this would “generate clarity and confidence to allow strategic decisions to be made.”

SMEs back trade talk plan

Industry leaders have welcomed plans for a summit to discuss how to improve small businesses’ ability to trade with the United States.

International Trade Secretary Liz Truss has confirmed that the UK and US will hold a roundtable focused on small business. Emma Jones, founder of small business adviser network Enterprise Nation, has backed efforts to make it easier for SMEs to export, while Mike Cherry, national chairman of Federation of Small Businesses, said: “As we enter a new era for global trade, it’s critical that small firms are placed front and centre of negotiators’ minds.”

Bounce Back initiative drives SME loans

While lending to small businesses has seen flat growth in recent years, with a record of £589m seen in September 2016, the Government’s coronavirus support initiative has delivered a huge jump. Loans to SMEs rose 11.8% in May, with the Bounce Back Loan Scheme seeing borrowing soar.

Government to provide 30k new traineeships

The Government is pledging to deliver 30,000 new traineeships to get young people into work, with a £111m programme to give English firms £1,000 for each work-experience place they offer and £21m going toward similar schemes in Scotland, Wales and Northern Ireland.

A Treasury statement detailing plans to expand the traineeship programme warned that “young people’s employment prospects are expected to be disproportionately affected by the economic fallout of coronavirus”.

The Treasury said that while three quarters of young people who complete a traineeship moved on to employment or further study within a year, three quarters of 18-24 year-olds who are not in education, employment or training for three months will remain out of work and education for a full 12 months.

Teaching tech

James Titcomb in the Telegraph looks at technology and the education system, considering whether schools and colleges are producing enough graduates with the technical skills required to support the growing technology industry. A 2019 study by KPMG and Harvey Nash found that 67% of 3,600 chief information officers polled were struggling to find suitable people to hire, particularly in big data and analytics, cyber security and AI.

Arts handed £1.5bn support

The Government has announced a £1.57bn support package to help culture, arts and heritage organisations navigate the disruption caused by the coronavirus crisis. The £1.15bn support pot for cultural organisations in England is made up of £880m in grants and £270m of repayable loans, with ministers saying the latter will be “issued on generous terms”. Northern Ireland is to see funding of £33m, with £97m going to Scotland and £59m to Wales. Arts Council chairman Sir Nicholas Serota was among those to welcome the announcement.

Lockdown drives a green recovery

Jillian Ambrose in the Guardian suggests “countless” businesses are poised to profit from a green economic boom after the coronavirus pandemic.

Steven Jennings at PwC says the lockdown has triggered a shift for consumers and companies that is accelerating developments in sustainability, saying: “One of the unintended consequences of the coronavirus crisis is the opportunity for businesses to think about the future.

If a company has to rebuild itself, it makes sense to reconfigure how it works to be more sustainable.” Ms Ambrose notes that PwC has set out five-pillar plan to “build back better”.

Insurance support to get cameras rolling

Ministers are said to be preparing taxpayer support to get film and television productions back underway after the COVID-19 lockdown, with producers saying they are unable to secure insurance. Treasury officials are reportedly being advised by specialists from PwC and Frontier Economics, which is chaired by former Cabinet secretary Gus O’Donnell, on how best to “unlock” insurance for productions, with taxpayer guarantees likely to be used to underwrite policies.

Curtain comes down on theatres

Nuffield Southampton Theatres will not reopen after the lockdown ends after administrators failed to find viable buyers for its two venues. Smith and Williamson said theatres located in the city centre and at the University of Southampton will be closed permanently, with 86 people being made redundant.

New Look plans CVA

Retailer New Look is said to be preparing its second CVA in as many years, having engaged advisers to explore restructuring options and negotiate with landlords on a switch to turnover-linked rent for its stores.

Sports bar chain plots survival

Sports bar firm Rileys is working with FRP Advisory on options to secure its survival, but has filed notice of intent to appoint administrators. Private equity firm Weight Partners Capital bought the chain in December 2014 after it was put into administration by Greybull Capital, who had bought Rileys out of insolvency in 2012.

Poundstretcher restructuring backed

Discount chain Poundstretcher is close to shutting nearly half of its stores with the likely loss of 2,000 jobs after landlords and other creditors approved a rescue restructuring. Will Wright of KPMG, the joint supervisor of the CVA, said: “The approval of the CVA provides a stable platform from which the company can continue to operate across a more focused store portfolio.”

Pandemic revives the pre-pack

The Times on Saturday looked at the pre-pack, saying the fast-track insolvency process that grew in prevalence during the financial crisis is making a return amid the coronavirus crisis.

It noted that while critics suggest pre-packs reward incompetence at the expense of successful companies, supporters such as R3, the trade association for insolvency professionals, say they are an efficient way to rescue struggling businesses, save jobs and maximise returns to creditors.

A poll by R3 found that a third of insolvency experts expected administration to be the insolvency and restructuring option they most commonly recommend over the next year. Richard Fleming of Alvarez & Marsal says the rise of pre-packs was “no surprise when some sectors are on fire”, while KPMG’s Will Wright praises the role of the Pre-Pack Pool, which is supposed to provide independent over-sight of connected-party sa les, in ensuring transparency in such transactions.

Wealth levy a taxing matter

Patrick Hosking in the Saturday Times looked at calls for wealth taxes and complications that may arise, noting that while most proposals suggest that wealth taxes should be levied on assets less borrowings, and exclude pensions and primary residences, this causes an issue for the Government as it “immediately wipes out most of the tax base.” On taxation of wealth, he argued that taxing income from investments at the same rate as income from employment would be “a good start.” He also says that voters are “content for a wealth tax – just so long as they are not personally affected” and points to a poll showing that 61% of people favoured a levy on those with nest-eggs exceeding £750,000.

Labour says wealth tax can help pandemic recovery

Labour has urged ministers to consider a wealth tax, saying rolling out a levy for wealthier people can help drive the recovery from the coronavirus pandemic. Shadow chancellor Anneliese Dodds said policymakers should “not increase taxes or cut support for low and middle-income people” during the crisis, saying those with “the broader shoulders” should be asked to make more of a contribution. She added that a “new settlement” was needed to address the injustice of the worst-off paying more tax proportionally than high earners. With Chancellor Rishi Sunak due to set out his latest update on the economy next week, Ms Dodds said the Government should consider imposing a wealth tax which would target assets rather than income.

Should pandemic prompt tax rises?

Ben Chu in the Independent considers the economic impact of the coronavirus crisis, with public borrowing set to pass 10% of GDP this year and Office for National Statistics data showing public debt is roughly equivalent to the size of the total economy.

He says that with the Prime Minister ruling out a return to austerity, the “spotlight has turned to taxation.” While the Conservative manifesto pledged no increase in VAT, national insurance or income tax, the Prime Minister recently refused to rule out upping taxation. Mr Chu argues that there is a case for temporary tax cuts in the current climate.

Think-tank urges tax rethink

Conservative think-tank Onward has suggested tax reform should be considered as the UK looks to ensure that borrowing ramped up amid the coronavirus crisis is brought under control without harming growth. This could involve a thorough review of tax relief and pushing ahead with new digital taxes. The think-tank’s Bounce Back report also suggests taxpayer money should be used to take a stake in businesses that were given government loans to help navigate the pandemic but are unlikely to ever be able to repay them.

Sunak mulls stamp duty holiday

The Sun on Saturday reported that a six-month stamp duty holiday may be introduced in a bid to revive the housing market, with Chancellor Rishi Sunak understood to be considering raising the levy’s threshold as part of his autumn Budget. While under current brackets, nothing is paid on the first £125,000, then 2% up to £250,000 and 5% up to £925,000, a source has told the paper that the new lower limit could be £300,000 – but may be set as high as £500,000. Another measure reportedly under consideration is removing stamp duty land tax on vacant plots to boost the development of new housebuilding projects.

Pay now or face a taxing time in January

Accountants have warned that taxpayers who pay through self-assessment may face a double bill in January due to support rolled out amid the COVID-19 crisis. With officials saying the July payment could be deferred until next January so as to help those whose finances have been put under pressure, Fiona Fernie at Blick Rothenberg says: “It is important to remember that the postponement of the July 31 payment on account merely delays the liability – it does not wipe it out.” “Taxpayers will still have the problem of how they pay their tax bills in January 2021. I would urge them, if they can, to pay now so that they are not faced with a potential multiple bill next January,” she added.

Inheritance battles soar

Ministry of Justice figures show that the number of inheritance battles at the High Court hit an all-time high last year, with 188 cases brought by people claiming they were entitled to a share or a larger portion of an estate in 2019. This marks a 47% increase on the 128 claims made in 2018, with the Sunday Times saying there has been a greater incentive to challenge wills as increasing house prices over recent years have driven up the value of estates, while an increase in unmarried couples, who do not have automatic legal inheritance rights, may have contributed to the rise in case numbers.


Don’t let Covid-19 bust your business!

 It will if your cash flow dries up, either sooner or later.

The Credit Protection Association (CPA) has been assisting thousands of UK businesses to get paid since 1914. We have seen many financial crises, this one will be particularly deadly for suppliers for sometime to come.

CPA eases cash from tardy debtors – Efficiently, Effectively, Economically and Ethically. Above all tactfully, because maintenance of goodwill is paramount.

To meet the needs of creditors in the current crisis, we have designed a “critical care” package especially tailored for the situation.

  • The annual package costs start at very low rates
  • A minimum performance warranty is provided
  • Several complimentary services included

Clients instruct CPA on-line via their PC or phone, completely user-friendly. Your late paying customers are told to pay you direct (not to us).

A very recent report shows a 23% increase in the number of unpaid invoices since March 11th THIS YEAR – are you getting a build-up of late payers?

 Right now, overdue accounts must be a concern and CPA has a great track record of encouraging slow-payers to pay their suppliers quickly.

It takes less than 17 minutes to see how you would benefit, do you have the time now?

No face-to-face meeting required – just call Peter Uwins, CPA’s National Sales Manager, on 020 8846 0000 (business hours) or email today.

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

Do you sell on credit?

With pressures on the cash flow it is essential that you stay on top of the credit limits you grant customers and watch carefully for any late payments.

Those customers will look for the easiest option  to boost their cash-flow. Don’t let it be you.

You can’t just assume your customers can and will pay you eventually, no matter how big their name is.

It is essential to have credit management systems in place to monitor and check your customers credit worthiness.

It is also best practice to use a trusted third party like CPA to make sure you are paid on time by customers, no matter how good a name they have.

About CPA

The Credit Protection Association can help!

Formed in 1914, CPA has been providing credit management services to SMEs for over 100 years.

At the Credit Protection Association, we provide first class credit information that can help you avoid being over extended to customers who are at risk. Our monitoring service can flag up warning signs long before the end, giving you the chance to adjust and reduce your exposure. We provide recommended credit limits and credit scores on a traffic light system and can help you set appropriate credit policies for your customers.

We regularly publish lists of the latest insolvencies but by then it is too late. Our credit reports however predict approximately 96% of company insolvencies long before they arrive.

Companies in trouble usually have very bad cash flow and they try to deal with it by delaying payment to their suppliers, increasing your exposure to them.

If you supply on credit, help us help you identify the risks.

Why use a third party collector?

As a third party collector, we can also get your payments prioritised over those who are not as hot on collections. When your customer receives a letter from the Credit Protection Association regarding their outstanding account, they are going to want to get that resolved as a priority. Our overdue account recovery service can get your unpaid invoices to the top of their “to do” list and get your invoice paid.

Over the years we have collected billions in overdue invoices for our customers.

Our debt recovery and credit management services give our members the financial freedom needed to grow and prosper, while our new Late Payment Compensation department could unlock hidden potential and offer the compensation needed to springboard your business to success.

You might be hesitant about contacting a debt collection agency. What are they going to be like?

Can they help your particular type of business?

There is no need for concern. CPA are courteous, helpful and very probably have had direct experience of working with your type of business.

Debt collection agencies are not all alike.

Success lies in both recovering money and keeping customers happy. The Credit Protection Association was founded in 1914 and  has helped tens of thousands of UK businesses to collect outstanding payments and reduce the risk of incurring bad debt. We believe that creditors deserve to be paid for the work or goods they have supplied but we fully understand the need to maintain
the best possible relationship with customers!

At The Credit Protection Association, we provide solutions, advice and back-up in all areas relating to the supply of services or goods on account. Client-members receive everything they need from a single source to reduce debtor days and write-offs.

The Credit Protection Association has helped has assisted tens of thousands of UK businesses with their credit control requirements, since the First World War.

We are polite, firm and efficient when it comes to recovering outstanding debt.

“We have used CPA for a number of years now. The website is easy to navigate around with lots of helpful reports. The staff are always at hand and very friendly. CPA has  helped us reduce our debt over the years and keep track of potential issues with our customers.”
~ CPA client in Buckinghamshire

“The service from CPA has proved to be everything that you said it would be. We have already seen a huge benefit. We have had a number of overdue accounts paid promptly and directly to us. It is also a huge weight off our mind to know that once we have passed an overdue payment over to you, you take care of everything whilst keeping us informed.
~ Credit Controller client in Warrington

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


Ready to speak to an advisor?

For help or advice on credit management, entirely without obligation.

Call us today

0330 053 9263

CPA is passionate about late payment

The Credit Protection Association has been protecting smaller firms against poor payment practices for over 100 years.

We are extremely passionate about breaking the late payment culture that holds back the UK economy and threatens many SMEs with cash flow difficulties being the single biggest killer of Britain’s small businesses.

If you were regularly paid late we can help. Those former customers used you to boost their own cashflow, regularly paying you late.

As a result you had extra costs, you had the distraction of having to chase payment, you had opportunity costs because your capital was tied up in their late invoices.

Under little used legislation, you are entitled to compensation for those late payments.

Now you can boost your own cash-flow.

CPA can help unearth the those hidden treasures.

We have the technology to reveal the compensation you are due and we have the extensive experience and expertise to then turn those claims into cash.

Yes, CPA can help you boost your business cash-flow.

Don’t let your bankers control you, contact CPA today.

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

Read our blog here on how to crack down on the late payment culture.

Read our blog here on how to give late payers the slap they need.

The “Why” of the late payment culture.

New PM should walk the walk and back small firms over late payments

Paying late is “crack cocaine” to big business.

Late payment culture risks “spiraling out of control”

visit our late payment compensation page

See our full blog and FAQ on late payment compensation

Do you realise you could be sitting on a fortune?

Late payments often result in a cash flow crunch and leave SMEs in need of a cash injection.

If you sold B2B on credit then there may be a hidden source of capital you can call on.

If you fancy an bit of extra cash in your business, rather than jumping through hoops with your bank, you could look to uncover the resources from an unexpected source within your own business.

Not many are aware but there could be a hidden fortune within your business, sitting there, just waiting to be uncovered and released.

We can help you uncover the pile of gold, you didn’t even know you were sitting on.

If you trade with other businesses and were often paid late then you could be entitled to significant compensation.

Under little known and under-utilised legislation your business could be due huge amounts in compensation that you didn’t even know about.

Let’s be clear – this is not a way to weaken any customer relationships you value. It is one that identifies who’s been paying late and then recover the potentially significant sums in compensation using Late Payment Legislation from businesses where the relationship has already ended.

You can pick and choose who you want us to follow up – but once we’ve agreed which companies you’d like to pursue compensation from it’s a fast process and there’s no financial outlay to you whatsoever. My team at CPA put its expertise to work to recover the compensation due and fight late payment culture.

That compensation could provide the cash boost your business needed.

But don’t delay, that compensation evaporates if not claimed within six years of the late payment.

How can CPA help?

CPA has developed a unique technology to dig into your accounting records and discover the cash injection you are due by means of compensation. The software does all the hard work. Our software interacts over the cloud with over 300 different software packages, working directly with your accounts package, just so long as it’s stored on a computer.

We recognise that most companies do not have the resources to spend time on the identification and calculation of Late Payment Compensation. Our service can produce an Analyses within just a few days with (usually) less than 30 mins of co-operation from our clients. We work directly with over 300 accounting packages but can also work with bespoke accounts packages. Indeed, speed is essential as the oldest invoices may fall foul of the 6-year time limit.

Once the Sales Ledger Analyses is made available to clients, all that is required is that management decide which commercially sensitive ex-customers to remove from the list and return it to us.

CPA then uses its years of collection experience to explain and recover the Late Payment Compensation Claims. Clients do not handle any part of the recovery process as our team will take all communications from the companies against who the claims has been made. Often, it’s simply a case of explaining the legislation, sometimes we have to go all the way and enforce the legislation through the courts.

The result is that we are realising clients’ claims worth tens and sometimes hundreds of thousands of pounds which, of course, is pure net profit.  You may also be among the recipients of “hundreds of thousands of pounds” should you elect to take advantage of our services.

We do the work, you receive the cash.

If you have supplied goods and services to businesses on credit and were regularly paid late then you could be due significant sums in late payment compensation.

We are talking to companies and unearthing claims in the hundreds of thousands from former business customers who paid them late. Large business customers who abused their power to inflict unfair and sometimes illegal payment practices.

We are helping business owners  who are looking to boost the returns from their business before they retire. We are helping businesses who have lost major clients after years of loyal service to get properly compensated for systematic late payment. We are helping companies that were looking to close down, who looked insolvent and finding that cash injection they need to avoid insolvency.

Those former clients who regularly paid you late can finally be made to pay.

Ready to speak to an advisor?

For help or advice on credit management, entirely without obligation.

Call us today

0330 053 9263

The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!

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

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