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Following a consultation on court closures, it has been announced that 86 out of the 91 courts originally proposed will close over the next 18 months. The reason for the court closures has been put down to a need to save money throughout the system, and proposals to develop online courts to increase access to […]
Lord Justice Briggs’ Interim Report for the Civil Courts Structure review was published at the end of December 2015, detailing the consideration of an online court system to be used by Litigants without Lawyers used as an alternative for the current costly, protracted and time consuming county court procedures. What is the proposed online court? […]
Late payment continues to be an enormous burden on SMEs throughout the UK. With much of the blame pointing towards the poor payment practices of larger businesses, as well as a number of respondents to the Small Business Commissioner consultation pointing towards Government contractors’ ‘particularly poor’ behaviour.* Recent figures of late payment The latest figures […]
Following their discussion paper in February 2015, the Government have recently published their proposals of how they can challenge late payment in business. There has been much talk about the Small Business Commissioner, the role of which will be to help small businesses avoid going to court to resolve payment disputes, with plans already set […]
Responses for the Small Business Commissioner consultation were published last week, with regards to how the SBC could aid small businesses throughout the UK to resolve poor payment practices, including late payment in small business, that has plagued UK businesses. How can the SBC Help in Tackling Late Payment in Small Business? The government report […]
It was announced in January that there would be a significant hike in the insolvency threshold of individuals*, and with the changes set to take place in October it is highly advisable for companies to be prepared for the implications of this on their business. The threshold for the amount of debt an individual can […]
Your Credit Management function is vital to your business to maintain positive cash flow and reduce the risk of bad debt. Read below, our guide to 10 facts about Credit Management your business needs to know for the benefit of your cash flow. 1. Late payment accounts for £32.4bn owed to SMEs, according to BACs research […]
After the Budget 2015 failed to mention plans for the issue of late payments amongst UK businesses, small businesses were finally given an update of the Government plans to tackle the issue on Sunday 26th July, with the announcement of a Small Business Commissioner to aid in tackling disputes and unfair practices. This is a […]
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 […]