SMEs fear second wave most – business news 26 October 2020.

James Salmon, Operations Director.

SMEs fear second wave most, Small business confidence hits two-year low, Some 6m small businesses at risk, manufacturers, employment, tax, PMI’s, 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.

SMEs fear second wave most

A poll by Nucleus Commercial Finance reveals 48% of  SMEs fear second wave most out of all the threats on the horizon.

Some 28% fear consumers will rein in spending while a quarter fear they will not be able to recover from the pandemic’s impact on the economy.

Chief executive Chirag Shah added: “SMEs are demonstrating considerable resilience, and we expect they will continue to do so.”

Small business confidence hits two-year low

A survey of 1,500 small businesses reveals two out of three expect trading to worsen as confidence hits a two-year low. The poll by the Federation of Small Businesses found firms expected an “incredibly difficult” period in the run-up to Christmas and the end of the Brexit transition with the group’s index falling to minus 32.6 in the third quarter of the year, down 28 points on the second quarter.

More than half said revenues had dropped due to the pandemic. One in four had cut jobs in the past three months, with 29% expecting to do so before the new year. Just over 10% expect at least a quarter of staff to go. Mike Cherry, FSB chairman, called for a package to support company directors, the newly self-employed, those without premises, and those in the retail, leisure and hospitality sectors.

SMEs fear second wave most and its hitting their confidence.

Some 6m small businesses at risk

A new study from King’s Business School has found that nearly two-thirds of entrepreneurs believe their business might not survive COVID-19, while more than half predicted they would run out of money within a year. The King’s Business School academics said entrepreneurs were agile and adaptable by nature “but there are only so many things they can do to keep their businesses afloat”.

Manufacturers urge government to provide support

The manufacturing industry body Make UK says many of its member fear trading will not return to normal for more than a year with half of the industry’s business already having cut jobs and one in five planning to make redundancies. Make UK is calling on the Government to waive business rates and boost investment with tax reliefs, “especially in the light of the absence of any revamped industrial or economic strategy to boost growth”.

CEBR warns of middle-class job losses

The Centre for Economic and Business Research (CEBR) has produced a study showing that the pandemic has created a middle-class unemployment “crisis”, affecting commuter towns, resorts and manufacturing hubs.

The analysis reveals the hardest hit areas include Slough, Luton and Peterborough as well as affluent seaside resorts such as Brighton.

CEBR deputy chair Doug McWilliams said: “The middle class is likely to get hit much worse as we go on. A lot of management jobs have gone, a lot of professional jobs have gone, and some specialist ones. The middle classes have a jobs crisis – their pensions are squeezed and house prices will be lower.”

Millennials breaking into higher income barriers

Research by UHY Hacker Young reveals that the collective income of millennials has jumped more than 10% to hit a record high of £254bn. Those born between 1981 and 1997 saw the biggest increase in pay of any generation last year, the accountancy firm said, with the average millennial now earning £28,995. Elliott Buss, a partner at UHY Hacker Young, said: “Millennials are now breaking through the higher income barriers. An increasing number of them are reaching executive and director level and have more cash coming in than ever before.”

Banks look to debt collectors to recover bounce back loans

UK Finance is working on creating a centralised debt collection body to recover of tens of billions of pounds of government-backed small business loans as banks prepare for wave of defaults and fraud cases.

Renewed restrictions put recovery in peril

Business growth slowed in October with services suffering a sharp slowdown due to coronavirus restrictions, according to IHS Markit’s purchasing managers’ index (PMI) survey, which slipped to 52.9 from September’s 56.5.

Demand for manufactured goods remains strong while property-related services were boosted by strong sales. The survey also showed that employment continued to fall for the eighth consecutive month.

Paul Dales at Capital Economics said the findings support “our view that GDP will stagnate, if not contract, in the last three months of the year.” He added: “If the economy is heading for a double-dip, at least the second leg down will be smaller than the first.”

Jacob Nell at Morgan Stanley suggests the UK could be heading for a “more volatile and complex W-shaped recovery, rather than the (relatively) V-shaped recovery we had previously expected.”

Sales are up, but consumers may now hold back

New figures from the Office for National Statistics show retail sales were up 1.5% between August and September, a 4.7% rise year on year and the fifth month running that sales have climbed.

Third quarter sales climbed 17.4% compared to the three months before, a record quarterly rise, with internet orders accounting for 27.5% of sales, up from 20.1% in February. However, with consumer sentiment down this month, analysts expect spending to be subdued in the months ahead as the furlough scheme ends and unemployment rises.

Howard Archer, chief economic adviser to the EY Item Club added: “Consumers may very well adopt a cautious approach to making major discretionary purchases given the uncertain economic environment.”

Treasury scraps VAT exemption on PPE

The cost of disposable face masks is set to rise by a fifth from next week after the Treasury decided to scrap the VAT exemption on Personal Protective Equipment (PPE). The 20% VAT levy, usually charged on items of PPE, was temporarily waived at the beginning of May. The Treasury confirmed that VAT would apply to PPE from 1 November but advised firms to reclaim it as a business expense. An official said the cut was only ever intended to ensure the flow of supply to healthcare.

Sunak orders officials to publish economic cost of lockdown

The Chancellor has ordered Treasury officials to find a way to put COVID-19 data into context with the economic cost of local lockdowns. Rishi Sunak has asked civil servants to find ways to illustrate the “other trade-offs” amid concerns over the deaths and harm caused by coronavirus restrictions. Using economic data to contextualise the death and infection figures could mean illustrating the hit on GDP of taking a region from Tier 2 into Tier 3 or introducing a national circuit-breaker lockdown, for example. A source close to Mr Sunak said: “We have spent more than £200bn already over the past months. We have to be sensible.”

Covid-19 general news

Global cases pass 42.4 million and deaths exceed 1.15 million

The U.K. reported 23,012 new cases, marking the fifth straight day with more than 20,000 with around a quarter of the U.K.’s 854,010 cases having been reported in the past 10 days.

The government is reportedly considering reducing the isolation period for those who have come into contact with the virus in an attempt to encourage compliance.

London police say anti-mask protesters at Oxford Street and New Scotland Yard are in breach of government guidelines on social distancing.

Manchester police fined a man 10,000 pounds for holding a party for 50 people.

Heathrow Airport Chief Executive John Holland-Kaye said there is a 50:50 chance that a travel corridor between London and New York could be set up before Thanksgiving, Holland-Kaye said that preparations for a trial testing scheme to enable business travel were advancing rapidly.

More than 83,000 people in America tested positive for covid-19 on Friday, smashing a single-day record set in July.

Spain declared a 6 month state of emergency, and introduced night-time curfews, as it attempts to control the second wave of covid-19 infections.

France and the Netherlands chalked up record numbers of daily infections, around 52,000 and 10,000 respectively

America’s Food and Drug Administration approved remdesivir, an antiviral drug, for use in treating covid-19 despite the World Health Organisation saying last week that the drug has little to no effect on patients’ chances of survival .

AstraZeneca said late Friday clinical trials for its AZD1222 coronavirus vaccine, being developed alongside Oxford University, has been resumed around the world

Poland’s president and Bulgaria’s prime minister tested positive for the disease


The FTSE 100 climbed 1.3% on Friday as indexes in europe also climbed ans the pound weakened.  Although stocks rallied to finish Friday higher, they were down overall for the week. The S&P 500 was down about 0.6% for the week. The Nasdaq off a little more than 1% during the week. Funds were flowing out of US assets last week as Dollar ended as the worst performing major currency.

Asian Markets started the week mixed as new coronavirus cases surge in the US and across Europe.

Oil stabilised above $42 a barrel on Friday as gold also steadied above £1900 alongside US dollar weakness.


Brexit negotiations between the UK and EU have been extended until Wednesday, Number 10 said today, as the two sides hold crunch talks in the hopes of hammering out a last-minute trade deal. EU chief negotiator Michel Barnier arrived in London on Thursday to restart discussions with UK envoy David Frost after talks stalled last week.


The Bank of England and UK banks are reportedly “bartering” a deal that would allow banks to restart paying dividends from next year in order to boost lending and drive the economy. According to reports, the BoE has agreed to the change in policy as long as banks’ loss-absorbing capital buffers remain strong and net lending continues to rise.

European PMIs

The euro area’s IHS Markit purchasing-managers’ index covering both goods and services slipped to 49.4 in October, from 50.4 in September where any figure under 50 indicates a contraction. The index for Germany was almost unchanged at 54.5, but France’s fell to 47.3 as its economy was hit by another wave of covid-19 infections.

Amazon advising UK on public procurement post-Brexit

Amazon has been advising the UK Government on post-Brexit procurement processes, sitting on a secret panel arranged by the Cabinet Office.  Amazon has been awarded 82 central Government contracts, worth £225m, in the past five years and has a deal enabling local councils to buy supplies in one marketplace. Paul Monaghan, of the Fair Tax Mark, comments: “The manner in which Amazon is embedding itself into national and regional public procurement in the UK has long been cause for concern. We are close to the point where it will be impossible for anyone else to compete.”

Retailers insist on pandemic clauses for new leases

Retailers are demanding new leases include “pandemic clauses” that stipulate rent payments will be reduced should the shop be forced to close in a local lockdown. The clauses are typically structured so that the rent is halved during a period of enforced closure. In instances where a lease is based on turnover, the base rent will typically fall by half.

Freelancers receive a third less support than employees

Research by Blick Rothenberg reveals that freelancers have been given almost a third less in state support than employees, who have received almost £5,000 more in salary subsidies during the pandemic.

An employee earning the national average of £30,000 a year would have received £16,200 in wage subsidies if they had been furloughed for the full eight months that the Job Retention Scheme has been running – some 85% of the total £19,060 of support available.

By contrast, a freelancer with the same earnings would have only been able to claim a maximum of £11,250 from the first two self-employed grants, Blick Rothenberg found.

Chloe Jepps of the freelance trade body IPSE said the growing disparity in support was alarming. “There is a glaring disparity between support for employees and the self-employed in Britain and it looks like a growing societal divide. To stop the gap widening, the state must urgently fill the gaps and do the right thing by levelling up self-employed support,” she said.

Complex tax system leaves one in five overpaying

Data collected by the online accountant Coconut indicate that nearly a fifth of Britain’s 5.3m sole traders and microbusiness owners face paying on average £722 too much each year, to the tune of £650m, by incorrectly calculating their taxes. More than half of sole traders admitted they failed to claim reliefs or deduct expenses from their tax bills, even if they suspected they were eligible.

Experts blame an overly complex tax system for workers missing out on reliefs. Bill Dodwell, of the Office of Tax Simplification, said the huge number of breaks on offer meant taxpayers were not claiming the reliefs they were entitled to. He said of particular concern was claims for employee expenses and higher rate taxpayers failing to claim tax relief on pension contributions.

Self-employed fear unaffordable tax bills in wake of virus

As many as 1m self-employed people could face tax bills bigger than their annual earnings following dramatic drops in their income compared to 2019-20. Andy Chamberlain, Director of Policy at IPSE commented: “Most years, payment on account is not a problem, but this year so many people and their business have been so badly impacted – particularly those groups who haven’t been able to access the Self Employment Income Support Scheme.”

Labour’s Ed Miliband who estimates that, in areas under the most severe restrictions, the average self-employed worker in the arts or hospitality sectors will receive just £450 a month following revisions to the Chancellor’s job support scheme. Meanwhile, those with working partners, without children or owning their own home may not receive enough universal credit to plug the gap left by the reduction in financial support. And those with savings over £16,000 – often kept aside by the self-employed in anticipation of future tax bills – will be ineligible for the benefit.

The Treasury hit back pointing to grants, tax write-offs, deferrals and other support measures put in place for the self-employed.

Sunak pressed to reveal contents of blind trust

The Chancellor is being called upon to reveal what assets he put in a blind trust last year after he had been appointed chief secretary to the Treasury. “Rishi Sunak needs to be completely transparent with the public about whether any of the funds he invested in a blind trust are held in offshore tax havens,” said Abena Oppong-Asare, the shadow exchequer secretary to the Treasury. “Taxpayers paying their fair share expect nothing less.”

Scrap 45p tax rate and abolish stamp duty to boost UK competitiveness

A report by the Centre for Policy Studies think tank advocates scrapping the 45p income tax rate and abolishing stamp duty, arguing that doing so would boost economic growth and see the UK rise from 22nd to ninth in the International Tax Competitiveness Index. The report, written jointly with the Tax Foundation, suggests tax cuts could be funded by extending VAT to cover far more goods and services, including scrapping food’s zero-rating. The Institute for Fiscal Studies previously claimed increasing the threshold at which people start to pay the 40p higher tax rate from £50,000 to £80,000 would cost billions and only benefit the wealthy. But the report questions whether abolishing it would cost any revenue, based on previous analysis. Daniel Bunn of the Tax Foundation warned: “The British tax system performs poorly due to policies that distort work and investment decisions.”

HMRC accused of backing off white-collar tax dodgers

The number of arrests made by HMRC fell by a third to 511 in the 12 months to April, compared with 782 over the previous tax year, according to analysis by RPC. The law firm said that the resources spent fighting such claims and the negative publicity has made HMRC less trigger happy in making arrests, something HMRC denies. The Sunday Times implies that with HMRC’s income from wealthy taxpayers going up it has taken its foot off the gas when it comes to white-collar tax dodgers. HMRC said it takes its responsibilities as a law enforcement agency very seriously and will only make arrests when absolutely necessary. It said that its investigators launched more than 12,600 civil and 600 criminal investigations in the past tax year. “We’re doing all this while tackling increasingly complex investigations and ever more sophisticated opponents,” it said.

Ready, steady, file: 100 days left to Self Assess

HMRC is reminding Self Assessment customers that there are just 100 days left to complete their tax return ahead of the deadline on 31 January 2021. HMRC’s Interim Director General of Customer Services Karl Khan said: “The vast majority of Self Assessment customers complete their tax return by the 31 January deadline, but you don’t need to wait until January; you can send it back now and get it out of the way.”

Fraudulent coronavirus loan applications going unreported

Less than 0.5% of fraudulent claims for coronavirus support loans have been reported to the police, according to figures from the national Action Fraud service.

Ashley considers swoop on EWM brands

Frasers boss Mike Ashley is considering bidding for Austin Reed, Jacques Vert and Jaeger – brands held by Philip Day’s troubled Edinburgh Woollen Mill (EWM) Group. Buyers have been given the option of bidding for the brands together or separately.

City’s push for home working could devastate businesses

Lloyds Bank has reportedly told employees to stay away from the office for at least the next five months following Government guidance urging employees to work remotely if they can. Deloitte could shut four offices leaving 500 people working from home. Catherine McGuinness, chairwoman of the City of London’s policy committee, said the impact of remote working on businesses and the economy “will be phenomenal if we’re not careful.”

Fewer pay into pensions since onset of pandemic

Figures from Hargreaves Lansdown show 14% of people have lowered the amount of money they are paying into their pension since the COVID-19 pandemic struck, while 11% have cut contributions entirely. However, experts have warned that not saving enough now is a mistake that can be hard to correct later. Helen Morrissey, pension specialist at Royal London, comments: “The concern is that once contributions are stopped or reduced the employee may forget to resume them.”

Royal Society laments lack of black economists

Prof Carol Propper, president of the Royal Society of Economics, has raised concerns that a lack of black economists is leading to an absence of “passion” in solving housing, education and employment inequalities. It follows Institute of Fiscal Studies research which shows that black economists are 64% less likely to work in Russell Group institutions than their white peers. Ethnic minority economists who work in Russell Group universities are also 45% less likely to hold a senior academic or managerial position than their white peers. Prof Propper said: “Diversity in economics is important because the key policy issues that the Government needs to address are so-called ‘wicked problems’ which are difficult to solve and require trade-offs.”

Developing countries miss out on $2.8bn in tax from Big Tech

Research by the anti-poverty charity ActionAid International claims that US tech giants are exploiting loopholes in global tax rules to avoid paying as much as $2.8bn (£2.1bn) tax a year in developing countries. David Archer, global taxation spokesman for ActionAid International, said: “The $2.8bn tax gap is just the tip of the iceberg – this research covers only three tech giants. But alone, the money that Facebook, Alphabet and Microsoft would be paying under fairer tax rules could transform public services for millions of people.” There is no suggestion that the tech firms are breaking the rules or actively evading tax. ActionAid said it was the failure of world leaders to implement global standards that was the cause for the shortfall.

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