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News and Advice

How to use Late Payment Legislation as Leverage

Late payment interest

A survey, carried out by the FSB (Federation of Small Businesses), revealed that ‘only 1 in 10 FSB members have charged interest on overdue payments because of their fear of losing business’.* To everyone at CMG UK this statistic is worrying, in large part due to our knowledge of the simple measures that can be […]

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Institute of Credit Management achieves Royal Charter

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 […]

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Late Payments soar to £39.4billion for SMEs

Late Payments for SMEs

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 […]

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