The Great Recovery Bill – Covid-19business news 8 June 2020.

8 June 2020.

James Salmon, Operations Director.

We look at at Boris Johnson plans to stimulate the economy with the Great recovery Bill, we cover other covid-19 news, the markets, tax incentives, company debt, regulation, changes to social distancing, manufacturing, new takeover laws, insolvency news, fraud and much much 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

The World Health Organisation has changed its recommendations on face masks. It now advises face coverings should be worn in public places where social distancing is difficult, to help prevent the spread of covid-19. It had previously advised their use only for people who are sick, or for those caring for someone who might be infected.

The UK government will allow places of worship to reopen next week on 15th June — but only for private prayer – Weddings and other services will not be permitted yet under the latest easing of the coronavirus lockdown.

British Airways, easyJet and Ryanair, threatened legal action over the Government’s new 14-day quarantine for arriving passengers, which comes into force today. The carriers said it was “illogical and irrational” to impose quarantine on people arriving from European Union countries that have lower rates of infection than here in the UK.

On Friday, deaths in Brazil surpassed those of Italy, one of the early epicenters of the pandemic in Europe

Worldwide Coronavirus deaths pass 400,000, according to Johns Hopkins tally. Worldwide, at least 6.9 million people have been infected by the virus, according to the Johns Hopkins tally.

AstraZeneca is reported to have made an informal approach to US pharmaceutical firm Gilead Sciences Inc. The merger would be the largest in the pharmaceutical industry’s history. AstraZeneca, which has seen promising early results in treating the virus from a cancer drug, is also is wone of the leading lights in a development of a vacine in it’s work with the University of Oxford. Gilead, has huge potential from its drug remsedivir, which got emergency authorisation for treating coronavirus in May.


Global equities rallied on Friday after better than expected jobs data in the US gave optimism that the US economy was recovering faster than expected. The jobs figures indicated that employment numbers actually rose by 2.5 million in May rather than the market consensus which had estimated a fall of 7.5 million, a 10 million swing, with the unemployment rate falling to 13.7% where analysts had expected it to climb to 20%.

The FTSE 100 and 250 were both up over 2%with markets in Germany and France up over 3%. In the US the S&P500 closed up 2.6% and the Nasdaq close dup 2%. In asia the Nikkei was up 1.4% while stocks in china were up 0.5%.

Oil prices also climbed around 5% after OPEC announced plans to discuss further production cuts.

The pound is getting closer to 1.27 USD and against the Euro is at 1.123.

In the UK, the GfK consumer confidence index fell to -36, the worst reading since the depths of the financial crisis, dampening hopes of a “V-shaped” economic recovery.

German factory orders fell by 25.8% in April, the largest monthly decline since records began.

PM drawing up comprehensive recovery package – The great Recovery Bill!

Boris Johnson has tasked ministers and officials with finding ways to kick-start the economy under a legislative agenda provisionally entitled the ‘Great Recovery Bill’.

A package of measures could include suspending Sunday Trading laws and adjusting licensing laws to fast-track approval for cafés and pubs to serve food and drink outside.

Planning restrictions on high street properties will also be simplified, making it easier to switch between shops, retail and residential uses.

Meanwhile, the FT and Telegraph report that the Treasury has dampened expectations of a summer Budget, with Rishi Sunak, the Chancellor, wanting to “take stock” and shift his stimulus package of tax cuts and spending commitments to the autumn.

Mr Sunak will still announce some limited measures next month, but this would not be a “Budget or mini-Budget”, an ally of the Chancellor told the FT.

Sunak mulls tax incentive for SMEs

The Chancellor is considering using a range of tax incentives to help small businesses and encourage recruitment.

Possible moves include increasing the employment allowance for SMEs to support hiring as the economy comes out of the COVID-19 pandemic.

The Sunday Telegraph reported that Treasury officials are drawing up plans for a jobs package in the Autumn with infrastructure, skills and tech set to be three key planks of the new measures.

Johnson to ramp up plans for rebuilding Britain

Boris Johnson will accelerate major infrastructure plans in the coming weeks, including the building of new hospitals, as the PM prepares a blueprint to rebuild Britain following the coronavirus pandemic.

The Sunday Telegraph reported that a speech by Johnson in coming weeks will outline a domestic agenda, including an autumn budget and a major review of departmental spending.

The Prime Minister is also expected to outline a major research and development drive, with a government team set to hold talks with universities about funding projects relating to energy, data infrastructure, robotics, and synthetic biology.

A Whitehall source said: “People are worried that they will face another decade of austerity and cuts to public services to pay the bill for coronavirus – this is not going to happen. The PM wants to explain that rebuilding after this crisis won’t be a repeat of 2008.”

BoE offered ideas for easing the debt burden on companies

The Bank of England has been warned that between £32bn and £36bn of coronavirus support lending will prove “unsustainable” for businesses, which will find the debt hampers their growth.

A report by the Recapitalisation Group, overseen by Aviva chairman Sir Adrian Montague under the auspices of TheCityUK, predicts the government’s three lending schemes will see lending boom from the current £27bn to £123bn by the second quarter of next year.

The study proposes several ways the debt burden could be reduced, including exchanging troubled debt at larger businesses for preference shares, or swapping small businesses loans for contingent tax instruments.

The Sunday Times noted that Treasury officials are also considering plans to get more pension fund money into private businesses by changing the rules on allocation of defined contribution scheme funds.

Post-COVID regulatory bonfire needed to spur economy

Writing in the Sunday Telegraph, Mark Littlewood, the director general of the Institute for Economic Affairs, outlined three ways Boris Johnson can help encourage growth in the UK economy.

Firstly, costs associated with employment must be reduced, such as the minimum wage and auto-enrolment.

Next, Britain’s planning restrictions will need an overhaul so new emerging businesses can quickly convert buildings for different uses.

Thirdly, “the Department for Business, Energy, Innovation and Skills should be rebadged and repurposed as the Department for Deregulation.”

Regulations suspended during the COVID-19 crisis should be permanently scrapped as the first step to reducing the “mountains of petty red tape which are impeding economic growth.”

Johnson in drive to slash social distancing to one metre

The Business Secretary Alok Sharma has been sounding out his counterparts in Denmark and the Netherlands about the rationale behind their decision to implement social distancing under two meters.

Countries such as Germany, Australia and the Netherlands are now operating at 1.5 metres while Denmark is using one metre.

The World Health Organisation recommends a one metre minimum. The evidence gathering comes as Boris Johnson grows increasingly worried about the loss of millions of jobs if businesses cannot operate.

Mr Sharma warned the PM last week that 3.5m jobs were at risk in the hospitality sector, triggering the push to accelerate the reopening of the economy.

The cabinet are due to discuss a plan to reopen pubs and bars on 22 June.

Responding to concerns the lockdown was being lifted to swiftly, Health Secretary Matt Hancock yesterday insisted there would be no trade-off between the economy and health and that the government will proceed on a strictly “safety first” basis.

Growth is route out of slump, leaving debt for another day

Writing in the Telegraph, Roger Bootle, the chairman of Capital Economics, says the UK can grow its way out of the debt problem brought on by the coronavirus pandemic, but fiscal discipline will still be necessary.

“Policies on tax, energy, green issues, trade, planning, regulation and public investment need to be radically reshaped to maximise economic growth,” asserts Bootle, adding: “We cannot now afford any luxuries or fripperies – for example the triple lock on pensions, HS2 and overseas aid.”

In the same paper, Jeremy Warner warns that much of the state-supplied debt will be transferred back from corporates to the public balance sheet alongside the ever widening deficit. Inflation will not prove an adequate solution to reducing this debt, he warns. “The bottom line, sadly, is that there is no such thing as a free lunch; we’d be in serious trouble if interest rates ever started to rise again”

Jump in manufacturing output offers hope

Output increased across Britain in May from its previous record low level as manufacturers benefited from an easing of lockdown measures, according to research by BDO.

The firm’s Kaley Crossthwaite said: “While the jump in manufacturing output offers a glimmer of hope, early signs point to this being a long road to recovery. The UK is experiencing the deepest economic contraction in living memory, and possibly in its history. The latest readings suggest we have passed the rock bottom of this crisis.”

Businesses face reckoning when support falls away

The Sunday Times reports on how City experts are thrashing out plans to avoid the mass collapse of businesses in a few months’ time when a series of liabilities built up during the pandemic become due and support schemes come to an end.

Payment holidays on existing loans, overdraft extensions, delayed rent payments and temporary tax exemptions will all come to an end just when the economy starts to come back to life meaning another setback will be terminal for thousands of businesses.

Duncan Swift, a former president of the insolvency trade body R3, said even without a second COVID-19 wave businesses will struggle: “If there is a significant uptake in orders but a weakened working capital base, that is when insolvencies will spike. The feeling is that it is three months off.”

Treasury working on plan for alternative lenders to access lending programme

Treasury officials are working on a plan to allow some alternative lenders to offer state-backed loans to struggling small businesses.

Mainstream banks would provide funding to challenger banks and specialist lenders through a special purpose vehicle which would be linked to the British Business Bank.

An email sent by industry lobby group UK Finance said that officials “fully understand the need to move quickly on this for a scheme to be of use to the non-banks and small and medium enterprises that utilise their facilities”.

No 10 pushing tough new takeover laws

Downing Street is in the process of strengthening legislation to prevent foreign takeovers that pose a risk to national security.

The new regime could see directors jailed, disqualified or fined for ignoring new stringent conditions.

Boris Johnson also wants partnerships with research institutions to be included in the new laws.

The move comes amid increasing concern about the influence of China and deals struck between Huawei, Oxford Innovation Sciences and Imperial College London.

State should take on toxic coronavirus loans, says Lloyds chairman

Lloyds chairman Norman Blackwell is urging the government to set up a vehicle that will take on debts from some companies unable to repay their state-backed coronavirus loans.

The Conservative peer said: “Some businesses will need to go into liquidation, but those which they think have a prospect [of surviving] the best thing is to take the loans off the banks, pay out their guarantee and put them in a vehicle which will over time try and recoup money from the companies. Private finance won’t take on refinancing the debt at the value the government has guaranteed it.”

Housebuilder insolvencies threaten supply

According to data obtained by Price Bailey, 368 developers filed for insolvency last year compared with 207 in 2016, with the increase said to be threatening the supply of new homes.

Consumers’ reluctance to spend puts brake on UK recovery

The reluctance of consumers to spend in the final week of May has stalled the UK’s economic recovery with public caution putting further pressure on the Treasury to stimulate activity.

eBay offers lifeline amid shutdown pain

Small businesses trading on eBay have seen turnover rise by a third during the lockdown from a year earlier, figures show.

Those selling internationally saw the value of sales rise by 2% between March and April with volumes increasing by 7%.

Separate research from Aston University in Birmingham found evidence that companies have diverted exports worth £10bn away from the EU since the 2016 referendum.

The smallest exporters had switched as much as 46% of their new export growth by value to non-EU markets.

Banks in talks over credit card holiday extension for borrowers

Banks are in discussions with the Financial Conduct Authority about extending coronavirus relief measures for customers struggling to repay credit cards and other unsecured debts until the end of September.

COVID borrowers under scrutiny over tax

On Saturday the Times reported that two of the biggest beneficiaries of the government’s COVID-19 emergency funding scheme paid no corporation tax last year.

CNH, which owns lorry maker Iveco, borrowed £600m after having claimed €15.4m in credits at its British division between 2017 and last year.

BASF received a £5.8m credit in 2018 according to its most recent UK accounts. The German chemicals giant was the largest recipient of the corporate financing facility borrowing £1bn.

Additionally, British defence company Chemring is under investigation by the Serious Fraud Office while General Electric is fighting a £1bn claim from HMRC for alleged tax fraud. It’s oil services subsidiary Baker Hughes was also among the borrowers from the scheme.

“The fact that the UK taxpayer has made substantial loans to companies that are under investigation by the SFO or are part of some tax avoidance structure demonstrates the lack of any meaningful conditions around government support for business,” George Turner, of Taxwatch, the think tank, said.

New ID system could end the need for passwords

British biometrics firm Onfido has teamed up with Deloitte and US software business Evernym to develop a “portable identity” system to enable customers to sign up for bank account using a photograph of an official government document and a selfie.

The Telegraph notes that Onfido is also in discussions with the government to potentially develop immunity passports to help curtail the spread of coronavirus.

Furlough fraud allegations double

HMRC is investigating almost 2,000 furlough scams, up from 795 on May 13, according to official figures.

Protect, the whistleblowing charity, said its advice line had never been so busy with complaints about furlough fraud dominating calls.

HMRC said furlough fraud “deprived public services of essential funding” and urged anyone aware of such abuses to contact its digital online reporting service.

Small firms demand £52m from Hiscox

Hundreds of struggling small businesses are seeking £52m from Hiscox to cover losses they suffered during the COVID-19 pandemic. Lawyers for the Hiscox Action Group wrote to the insurer this week urging it to either pay up or take part in an accelerated arbitration process to settle the dispute.

HMRC lets lockdown inspectors loose

Fiona Fernie from Blick Rothenberg outlines the targets HMRC will identify as it ramps up investigations as businesses start getting back to normal.

Inspectors will be looking for those who cheated furlough rules or people claiming from the government’s self-employment income support scheme but who were no longer working in the business reported on their 2018-19 tax return.

A spokesman said: “It would not be appropriate to publish a detailed running commentary about our operational response during the pandemic. We are prioritising work to support taxpayers, while tackling serious fraud, criminal attacks and those who promote tax avoidance.”

Moratorium on evictions in England and Wales extended by two months

The UK government said on Friday that a moratorium on evictions in England and Wales will be extended for a further two months, giving more protection to tenants who have fallen into rent arrears as a result of the coronavirus crisis.

Housing Secretary Robert Jenrick announced the extension of the emergency measures, put in place in March and due to end on 25 June, saying: “Eviction hearings will not be heard in courts until the end of August and no-one will be evicted from their home this summer due to coronavirus.”

Shopping centre owner puts KPMG on stand-by

Intu Properties has drawn up contingency plans ahead of critical talks with lenders, including lining up KPMG to handle a potential administration if it can’t win relief from its £4.5bn debt pile. CEO Matthew Roberts is seeking an 18-month standstill to repair the firm’s balance sheet.

Landlords furious as Travelodge hands customers CVA vote

Travelodge has asked customers with room bookings to vote on a CVA proposal in an effort to stop property owners voting down plans to cut rent payments.

Under the plans, Travelodge’s owners, Avenue Capital Group and GoldenTree Asset Management and investment bank Goldman Sachs, would inject £40m and make £100m of reserves available.

But landlords say using the loophole to include customers in the vote drives “an oil tanker through centuries of property legislation”

Travelodge said: “It is the requirement of any CVA that all unsecured creditors of the company … have the chance to vote if they so wish.”

Chancellor nominates ex-Treasury official as UK fiscal watchdog chair

Rishi Sunak has nominated Richard Hughes to take over from Robert Chote at the Office for Budget Responsibility.

Torsten Bell, chief executive of the Resolution Foundation, where Mr Hughes currently works, said the chancellor had “made an excellent choice” in nominating Mr Hughes.

He joined the Treasury in 2000 and left government in 2008 to join the IMF for eight years. “Richard has made a huge contribution to economic policymaking over the past two decades both independently of and within governments around the world,” Mr Bell added.

Travel and hospitality firms join airlines in legal battle against quarantine

A legal bid by airlines to reverse quarantine measures due to be imposed on travellers to the UK on Monday has been joined by over 500 travel and hospitality businesses.

A new group called Quash Quarantine will announce on Monday morning whether it is joining the action led by British Airways as an interested party or launching a separate legal bid.

A survey of the group’s members found that 71% of business owners and chief executives expected to make 60% of their staff redundant if the quarantine policy is not scrapped.

US trade talks could be stymied by tax on tech firms

Former US trade negotiators are warning that an investigation into taxes aimed at technology firms could scupper hopes for a UK-US trade deal. US trade representative Robert Lighthizer is investigating whether tech taxes warrant retaliatory tariffs.

Sharp spike in HMRC coronavirus scams

The number of scam emails purporting to be from HMRC climbed to 42,575 in March – up 74% since January, as criminals seek to exploit financial fears over the coronavirus outbreak.

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

25 excuses for late payment and how to get around them.

Read our Cash Flow Advice

Read about our overdue account recovery service

Read our blog – What is credit management?

Read our blog – How to select a debt collection agency

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see our blog – 15 steps to avoid invoice fraud

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