Manufacturing suffers most from late payments
UK manufacturing firms are waiting longer to get paid by their buyers than any other industry sector, according to trade credit insurer Atradius. The manufacturing sector waited on average 32.4 days...
View ArticleCreditworthiness “crisis” for business
Firms carrying a credit rating which could hit their ability to get finance and good credit terms from suppliers has climbed further during the last three years, new research shows. According to work...
View ArticleSMEs running on reserves
Small and medium-sized enterprises (SMEs) are reliant on cash reserves to fund their growth, according to new research. Challenger bank Aldermore has revealed that 38% of businesses are depending on...
View Article16% of SMEs at risk of going out of business
Sixteen per cent of British small and medium-sized businesses (SMEs) surveyed consider themselves at high risk of going out of business within the next year due to financial pressures. This is...
View ArticleOnly two per cent of SME’s have funds available to invest in business
The number of small and medium-sized businesses with cash available to invest in future growth has drastically fallen since 2009 due to an increase in customer late payments, according to a new study....
View ArticleParliamentary inquiry finds UK SMEs owed £36bn in late payments
Politicians are trying to force large corporations to publish how long they take to pay small firms after an inquiry found that British small-to-medium enterprises were owed more than £36bn in late...
View ArticleLate payments burden on SMEs reaches £40bn
Small and medium-sized companies are owed nearly £40bn due to late payments that are potentially threatening their future, research has found. The debt burden on SMEs has grown to £39.4bn, up from...
View ArticleUnderstanding the importance of the language and culture
Understanding the importance of the language and culture of your customer cannot be underestimated. We take a slightly irreverent look at some companies who neglected this at their cost...
View ArticleLate payment still hitting SMEs
Cash flow worries due to increasing late payments are causing small businesses the most headaches, according to a survey by the Forum of Private Business (FPB). The trade body’s latest Economic...
View ArticleBad debts blight business
Bad debts have risen for nine of out ten companies according to research by credit information provider Creditsafe. It said 91 per cent of UK companies polled in October had seen an increase in...
View ArticleLate payments cost firms £1.9bn
UK businesses are wasting £1.9bn chasing late payments, according to research by business finance specialist Bibby Financial Services. Despite the economy officially returning to growth, 35 per cent...
View ArticleLending to small firms cut by a third
Bank lending to small businesses in June was over a third lower than in the previous year, despite the British Bankers’ Association (BBA) claiming that its members were making loans of around £27m to...
View ArticleOctempo Speaks OH2’s Language When It Comes To Chasing Payments
A translations business is getting the help they need to become established in the UK from a unique cash flow management specialist, which can chase invoice payments in up to 27 different languages....
View ArticleOnline Debt Recovery Solution To Radically Improve Industry’s Customer...
A new online debt recovery service is set to revolutionise the collections industry, according to its pioneers Octempo:RM. The Warrington-based cash flow management specialist has created a system for...
View ArticleOctempo’s New Global Cash Flow Management Service Suits SMEs
Cash flow management specialist Octempo:RM believes an expansion of their international collections service will provide SMEs with a viable alternative to faceless credit insurance giants. The...
View ArticleOctempo:RM Makes Collecting Overseas Payments Easier For Road Haulage Firms
Cash flow management specialists Octempo RM has embarked on a crusade to help road haulage firms by rolling out their international credit control service. The Warrington-based company has won...
View ArticleOctempo:RM launches Back Load Protect
Credit management specialist Octempo:RM is to continue lightening the load of bad debt risk for haulage firms with the launch of their new Back Load Protect service. Back Load Protect allows greater...
View ArticleOver 186,000 companies in financial difficulty
Just over 186,000 UK companies are experiencing significant or critical financial problems compared with around 161,000 in the first quarter of 2010, according to Begbies Traynor. The insolvency...
View ArticleInvoice finance outperforms business lending
Invoice finance dominated the UK business lending landscape with £14.8bn lent in the second quarter of this year, according to figures released by the Asset Based Finance Association (ABFA). The total...
View ArticleReal estate the worst sector for insolvency
Real estate has become the worst-affected sector for insolvency after making up 35% of total administrations in the second quarter of 2011, according to Insolvency Service figures. The sector...
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