Roadmap out of lockdown must support SMEs –  business news 19 February 2021.

James Salmon, Operations Director.

Roadmap out of lockdown must support SMEs, Chancellor set to extend rates relief and furlough, public sector borrowing, survey points to SME optimism, covid-19, market and other business news.

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.

Roadmap out of lockdown must support SMEs

As a major part of the UK economy, the key to employment growth and recovery, SMEs must be front and centre of the roadmap out of lockdown.

ACCA chief executive Helen Brand says the Government’s roadmap on how the UK will exit lockdown and recover from the pandemic needs “signposts and barrier-free routes to help SMEs”.

She says she hopes to see “a focus on policies that help existing and new entrepreneurs”.

Ms Brand also reflects on the findings of the SME Tracker from the ACCA and Corporate Finance Network, noting that February’s update shows 8.5% of small firms said they would be affected by new off-payroll (IR35) rules, with responsibility for determining the tax status of contractors delivering more work and the risk of penalties.

SMEs must be given support in the roadmap out of lockdown

Chancellor set to extend rates relief and furlough

Relevant to the roadmap out of lockdown, The Telegraph’s Ben Riley-Smith reports that the Chancellor is set to keep the furlough scheme going until the summer and extend the business rates holiday for the retail, hospitality and leisure sectors beyond the end of March.

He says the moves are set to be outlined in Rishi Sunak’s March 3 budget, adding that the Chancellor is also considering freezing personal income tax allowances in a move that could bring in up to £6bn by 2024/25.

Other changes under consideration as Mr Sunak looks to balance the books after heavy coronavirus-related spending reportedly include increases in corporation tax and capital gains tax.

However, Mr Riley-Smith says Mr Sunak is expected to leave the more significant tax rises he is considering until his autumn budget, when the economy may be stronger.

Meanwhile, Nigel Morris in the I says Mr Sunak has abandoned plans to announce tax rises in next month’ s budget, with the Chancellor instead to focus on protecting jobs and providing extra support for businesses struggling to survive after the third lockdown.

He notes that Mel Stride, chairman of the Treasury Committee, believes Mr Sunak should “definitely not” increase taxes at the moment, but must use the budget to outline his roadmap to paying back borrowing

BCC calls for furlough scheme extension

A new survey from the British Chambers of Commerce has found that a quarter of UK businesses expect to lay-off employees if the furlough scheme is not extended beyond April. The BCC has called on ministers to extend financial support measures for businesses throughout 2021, urging the Chancellor to target further support at sectors hardest hit by the pandemic as part of the roadmap out of lockdown

Public Sector Net Borrowing

UK Public Sector Net Borrowing ballooned to £8.8bn last month, marking the first January deficit for a decade. The figure is £18.4bn more than in the same month last year and is the highest January borrowing amount since records began. Public sector borrowing is now estimated to have reached £270.6bn in the first 10 months of this financial year, according to the Office for National Statistics.

Retail sales

UK Retail Sales dropped by 8.2 per cent last month, compared to December, as the third national lockdown affected sales across the sector. All sectors experienced a decline in sales last month, except non-store retailers and food stores, reporting growth of 3.7 per cent and 1.4 per cent, respectively, compared to the final month of last year.

Survey points to SME optimism

UK SMEs should expect an average 8% growth in revenues for 2021, according to the Barclaycard Payments Barometer, which has found that almost a quarter have surpassed their pre-pandemic levels of output.

The survey warned, however, that only three in ten SMEs say they are prepared for the easing of lockdown measures. It was also found that 25% have seen an increase in job applications.

SMEs need guidance on the roadmap out of lockdown.

Rob Cameron, CEO of Barclaycard Payments, said: “While the world may be returning to some form of normal this year, small businesses have realised the benefits of flexible working and digital skills, with many already looking at what improvements they can take forward into 2021.”

Key stats include:

  • SMEs expect to see 8.1 per cent revenue growth in 2021, as vaccination programme continues to roll out at pace
  • Four in ten (42 per cent) expect this to be the final ‘strict’ or national lockdown. Of these, 70 per cent are optimistic or cautiously optimistic for what’s next
  • A quarter say their output has already surpassed, or returned to, pre-pandemic levels seen at the start of 2020, though caution remains about the months ahead
  • A quarter of SMEs have seen a jump in job applications, while 41 per cent are planning to continue to offer flexible working post-pandemic

Ahead of the Government’s roadmap out of lockdown next week, small and medium enterprises (SMEs) are getting ready for post-pandemic life, with three in 10 (32 per cent) saying they are prepared for the end of national lockdown measures.

SMEs predict an 8.1 per cent rise in revenue in 2021, and nearly four in ten (39 per cent) say they are optimistic about their prospects. Though the future still looks uncertain for many, nearly a quarter (24 per cent) say their output has already surpassed or returned to the pre-pandemic levels of January 2020.

The quarterly Barclaycard Payments SME Barometer also shows business sentiment is starting to look more positive, at 98 points out of a possible 200. While any score under 100 indicates negative sentiment, this is the highest score reported since the beginning of the pandemic. Sentiment has risen steadily over the past three quarters from a low point of just 79 points in Q2 2020 compared to an initial pre-pandemic high of 110 in February 2020.

However, though cautiously optimistic, SMEs are still weary of continued upheaval, and are braced for further short-term losses, anticipating an initial revenue drop of 7.5 per cent over the first three months of this year.

Looking past lockdown

The quarterly report from Barclaycard Payments reveals that four in ten (42 per cent) SMEs think the current lockdown will be the final ‘strict’ or national lockdown and, of these, 70 per cent are optimistic or cautiously optimistic for what’s next. However, there is more apprehension when it comes to restrictions that affect businesses in some way with only 27 per cent thinking restrictions that impact them will end by April, rising to 49 per cent by June.

When economic recovery does get underway, the top ways SMEs are preparing to take advantage of it is by: increasing marketing spend, with 62 per cent having done so or planning to; saving cash (42 per cent); or changing their offering to cater to customers once life opens back up to a ‘new normal’ (42 per cent). They have charted their roadmap out of lockdown.

SMEs expect the greatest growth opportunities in recovery will be increased consumer footfall (21 per cent) and supply chains returning to normal (17 per cent).

Ecommerce will also continue to be key on the roadmap out of lockdown ; though overall spend (including in-store transactions), was significantly down, Barclaycard Payments data for the first five weeks of 2021 shows the average daily value of online SME transactions is up six per cent compared to the same period in 2020.

The other key aspect affecting SMEs is, of course, the UK’s departure from the European Union, with international trade accounting for 23 per cent of SME revenue before the pandemic. With the UK now setting its own trade policy, small and medium businesses are looking for new global opportunities – with SMEs citing the most positive aspect of leaving the EU being the possibility of new trade deals in countries outside of it (19 per cent).

Rob Cameron, CEO of Barclaycard Payments, said: “While 2021 offers all of us hope for a national recovery, small businesses especially are looking forward to emerging from coronavirus uncertainty on the roadmap out of lockdown .

“SMEs have proven their agility, adapting quickly to get online, catering to a nation stuck at home and changing how their teams get the job done. While the world may be returning to some form of normal this year, small businesses have realised the benefits of flexible working and digital skills, with many already looking at what improvements they can take forward into 2021. As a banking and payments partner, we’re here to help our SME customers get online at this crucial time, and finance the changes they need to prepare for whatever comes next.”

Role of tech

Businesses increased their investment in technology to stay operational during the pandemic and are committed to this investment even after lockdown ends. In Q4 2020, half (50 per cent) of SMEs said they invested in digital upskilling for themselves or their staff, and in Q1 nearly a quarter (24 per cent) plan to continue this investment even if restrictions ease, while a further 23 per cent also intend to continue increasing activity on social media (23 per cent).

Nearly three in ten (29 per cent) SMEs will invest in new equipment and technology in 2021, and many view technology as the top opportunity for growth over the next year (13 per cent).

Boosting employment

Small businesses are optimistic about their employment ability as lockdown eases. Three in 10 (30 per cent) SMEs expect their number of full-time employees to increase over the course of 2021 – a metric that has promisingly held steady from Q4 predictions (also 30 per cent).

Since the start of the pandemic a quarter (25 per cent) of SMEs say they have seen an increase in job applications. Transport businesses have seen the largest rise (41 per cent), with more than half (52 per cent) of SMEs in this industry believing a smaller business, or working away from the city centre, is becoming more appealing to prospective candidates.

What’s more, SMEs are planning to keep flexible working once they bring their staff back to work after lockdown, with 41 per cent saying they will continue offering flexible working and don’t mind where their staff are based. Of those not asking for a return to the office, these changes have led to long-term mind-set shifts – with three in 10 (30 per cent) SME employers saying they no longer feel staff need to be on the premises to do a good job.

Kate Hardcastle MBE, independent expert, said: “SMEs have had to show a great deal of resilience and entrepreneurism to survive what has been an unprecedented time, and indeed many have shown great ingenuity and creativity.

“Finding new ways to work, and maximising the opportunity with new technology, has enabled some businesses to build greater engagement with customers. There is certainly cautiousness about the months and even years ahead, and there is no trivialising the tenacity that will be required, yet as more organisations find better working practices along the way for stakeholders, customers and local-entrepreneurism – this could also symbolise a significant turning point for many businesses.”

Starmer outlines economic policy

Labour leader Sir Keir Starmer has outlined the party’s economic policy direction, its roadmap out of lockdown , saying that under his leadership “Labour’s priority will always be financial responsibility” and arguing that “a fair society will lead to a more prosperous economy”. Saying that Labour must build “a strong partnership with businesses” if it is to deliver a more just and equal society, he added that “for too long the party saw business as “something just to be tolerated or taxed”.

Mr Starmer also proposed a “British recovery bond”, a saving scheme with a competitive interest rate that would help people invest in the UK’s post-pandemic future. The Labour leader also said he would end the public sector pay freeze, extend business rate and VAT relief, and boost the furlough scheme. Labour, he added, would create 100,000 start-ups in the next five years.

UN report proposes carbon taxes

A UN report has suggested carbon taxes should be introduced amid a number of measures required to solve the “triple planetary emergency” caused by climate change, biodiversity loss and pollution. The Making Peace with Nature report calls for countries to stop tax breaks and other subsidies for fossil fuels. Separately, a group of climate finance experts have suggested taxes on international transport could help developing countries finance measures to reduce greenhouse gas emissions and cope with the climate crisis.

Firms urged to get recruitment right

The Recruitment & Employment Confederation (REC) says recruitment could play a key factor in the UK’s economic recovery, with recruiters boosting productivity by £7.7bn a year. The sector body has warned firms against “wasteful approaches” to the hiring process, with REC chief executive Neil Carberry saying that while many CEOs have described people as their biggest asset, they have often “left the process of bringing staff into the business as something to be done at low cost and high speed.”

Next boss calls for tax on warehouses

Next boss Lord Wolfson has rejected the idea of a 2% online sales tax, saying he believes “ultimately the consumer will pay the price of that”. He told the BBC: “An online tax isn’t going to get people back… it is going to put a hole in consumers’ pockets.” He added that while some people have suggested an online sales tax could prevent corporation tax dodging, “a better way of doing that is to say if you’re an online business, pay either 2% of your turnover or 19% of your profits, whichever is the higher.” Lord Wolfson has also suggested a hike in business rates on warehouses, saying they should be subject to an increase of up to 50% while high street stores could see a 35% reduction in a bid to level the playing field between online giants like Amazon and chains located in expensive city centre stores. Robert Hayton of real estate adviser Altus Group warned against a rates hike, noting that online retailers represent only a small part of the warehouse occupier base, with Jerry Schurder, head of business rates at property consultancy Gerald Eve, offering a similar sentiment, pointing to “the tens of thousands of warehouse-based firms that have nothing to do with online retail”. Meanwhile, the FT reports that the Chancellor will today announce he is delaying a report on a review of business rates – which will also consider the case for an online sales tax – until later this year.

Think-tank: Tax wealth to support children

The Intergenerational Foundation think-tank has urged the Chancellor to raise £50bn in tax on unearned income and wealth, saying the money raised could go toward addressing the attainment gap in children’s lost education. It says money could be raised by charging landlords national insurance contributions on rental income, taxing dividend income, and removing capital gains tax exemptions or relief.

Praise for PAYE

Looking at taxation and financial policy, Ed Conway in the Times lauds the creation of PAYE, saying the system has been exported and copied around the world. He says it is easier for taxpayers to digest as tax is taken before they ever see it, suggesting: “It is no coincidence that council tax is among the least popular of all taxes, because you actually see it leaving your bank account.”

HMRC denies misleading MPs over contractors’ tax avoidance

HMRC has been accused of “misleading” a parliamentary committee over its use of contractors who used tax avoidance schemes. The All-Party Parliamentary Loan Charge Group says at least 15 contractors using disguised remuneration schemes had worked for HMRC and its Revenue and Customs Digital Technology Services division between 2016 and 2020. The MPs said HMRC’s attempts to evade questions on the matter are “disgraceful” and “a clear attempt” to cover up an “embarrassing fact.” The group added that the “whole farce of the loan charge fiasco” is demonstrated by the fact that HMRC used contractors engaged in what it now describes as aggressive and defective tax avoidance arrangements. HMRC refutes the claims, arguing that it is possible for contractors to use such schemes without the participation or knowledge of those that hire them.

Share schemes in the spotlight

Marianna Hunt in the Telegraph looks at the benefits of share schemes but warns that if companies do not follow the right procedures, they can end up landing themselves and their employees with significant tax bills. Mike Hodges of Saffery Champness notes that there may be long-term benefits for shareholders if a firm offers incentives to employees that make them more invested in its growth while conserving cash for other expenses.

Silence isn’t golden, whistleblowers are

The FT reflects on last year’s 35% increase in whistleblower cases involving financial services firms, noting that Deloitte has warned of a new “whistleblower environment” amid the pandemic.

Covid-19 general news

There were 21,915 new cases in the UK yesterday (total 4.08m) with 454 more deaths (total 119k).

Globally 403,171 new cases brought the total  to 110.3 million with 2,442,695 deaths.

193m vaccine does have now been given worldwide.

PM Boris Johnson is awaiting new data on the impact of vaccines after stressing he will take a “cautious & prudent approach” to easing England’s third national lockdown. The PM is understood to be expecting evidence on the impact of the UK jabs programme on hospital admissions and deaths by Friday, ahead of setting out his “road map” next week.

A single dose of the vaccine from Pfizer Inc. and BioNTech SE reduced Covid-19 infections by 85% in a study in Israel, bolstering the U.K.’s decision to speed immunizations by delaying a second shot.

The G-7 are giving a major boost to Covax, the global initiative to fund vaccinations in lower-income countries, indicating momentum toward a coordinated effort against the pandemic. The US has pledged $4billion. The UK has also announced its commitment.  The “majority” of any future U.K. surplus coronavirus vaccines will be shared with the World Health Organization backed
Covax program, Johnson’s office said late Thursday in a statement. That’s on top of the 548 million pounds the country has already donated to the program, which is aimed at supplying some of the world’s poorest nations with inoculations. The EU is doubling their commitment to 1 billion euros.

The U.S. reiterated that food and food packaging are highly unlikely sources of coronavirus transmission, with the Food and Drug Administration saying there is “no credible evidence” to support a link. The FDA noted in a statement Thursday that Covid-19 is a respiratory illness spread from person to person, unlike food-borne diseases spread through contaminated food.

The Philippines has detected Covid-19 virus mutations in its central Visayas islands. It is not known how different this mutation is or if it is more transmissible at this time.

The World Health Organization scientists are focusing on two animal types, ferret badgers and rabbits,  in the search for the origins of the coronavirus. The animals can carry the virus and
were sold at a market in Wuhan, China, where the earliest cases of the coronavirus emerged.


Uber lost its case in the UK Supreme court on the employment status of its drivers in the UK. The judges said that Uber drivers are “workers” entitled to rights like minimum wage, holiday pay and rest breaks. The court said the contact terms were set by Uber and working conditions were controlled by the company.


The UK Government has conceded that some “non-tariff trading barriers” have emerged due to the post-Brexit trade deal with the EU. Prime Minister Johnson insisted that there would be no such barriers as he detailed his deal brokered with Brussels, which came into force when the transition period ended on December 31.


Yesterday Stocks in London were sharply lower amid concern that a revival in inflation might hold back economic recovery, while UK banks were lower after Barclays annual results disappointed investors. The FTSE 100 closed at down 1.4%  at 6617.15 and the 250 closed down  1.02%.

In Europe all the main national indexes were down with the Euro Stoxx 50 down 0.51% and the broader 600 was down 0.82%

US Market slid on Thursday as investors were discouraged by a worse-than-expected jobless claims reading as well as a weak forecast from Walmart. Overnight, the S&P 500 fell 0.44% and the NASDAQ was down 0.72%. Asian Markets pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming US data dented investor confidence.

Sterling continues to trade as the strongest currency of the week, as focus turns to UK retail sales and PMIs. Sterling broke through the 1.40 mark against the dollar for the first time since 2018 and is at 1.154 Euros and 1.400 US Dollars.

In commodities, gold prices bounced off lows while oil prices broke above $65 per barrel yesterday amid a cold snap in the US, however prices drifted towards late afternoon before falling overnight on worries over the ability of the US refineries ability to reopen quickly following the big freeze. Brent Crude is at $63.29 and Gold is at $1771, the lowest in more than seven months, on course for their worst week since the end of November, as rising US Treasury yields eroded the non-yielding bullion’s appeal

Northern Ireland is the best place to live, post-pandemic

PwC ’s latest Future of Government report has found that Northern Ireland is the best place to live compared with the rest of the UK as people continue to trade cities for the countryside after a year spent at home.

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.

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

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.

Did you know that your business is entitled to a minimum of £40 for every commercial invoice paid late to you over the past 6 years?

How many of your invoices are paid late each month – 20, 50, 100 or more?

At £40 per invoice that’s claim of £57,600, £144,000, £288,000 plus interest. The more invoices the bigger the claim! 

At £100 per invoice it’s £144,000, £360,000, £720,000 plus interest.

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

For over 20 years, CPA has calculated and recovered Late Payment Compensation on behalf of Clients!  

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

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

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.

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 extra 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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Overcoming 5 common reasons for disputed invoices

As insolvencies rise, could you spot these warning signs in your customers?

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