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Taking legal action to retrieve unpaid debts for your business may very soon become even more difficult under Government proposals to close 91 courts and tribunals in England and Wales, including 19 county courts, in what Justice Secretary Michael Gove has labelled reducing ‘surplus capacity’.* This proposal comes alongside another announcement from the Ministry of […]
With the 2015 General Election nearly upon us we thought we’d take a look at the policies each Party has proposed to tackle late payment in business. Late payment is an enormous issue facing businesses, with BACs stating £32.4 billion is owed to SMEs in figures released February 2015.* Whilst this figure is down from January […]
Members of the Merseyside and North Wales Branch of a National business organisation are today celebrating a Royal accolade. The Institute of Credit Management (ICM), which has its regional branch in Merseyside and North Wales, has been granted a Royal Charter, confirming its position as the recognised standard in credit management, keeping the cash flowing […]
A report from Bacs suggests that late payments equated to £39.4 billion across SMEs in January 2014, a figure that Director of CMG UK Jenny Esau finds shocking in its magnitude. Even more perplexing to Jenny is the extent of this issue in comparison to the simple measures that can be taken towards resolving this […]