Practical articles and commentary to help business owners think more clearly about recovery, cash flow and commercial risk.
Technically, we should be out of a recession based on figures published this month. However, with the Bank of England currently holding the base at its current level, the ripple effect paints a painful picture.
This week, we’ll dive into the complexities of creditors’ rights and the challenges directors face in meeting their obligations. Today, we will explore creditors’ rights and whether they should be part of the final demand process.
Are you struggling with your business? Do you feel like you’re constantly fighting against the current, trying to keep your head above water? I’ve been there, and I get it. But trust me, there’s a way out. It’s all about finding your inner strength and the right strategies to keep moving forward, even when things seem bleak.
Are you feeling the weight of financial uncertainty on your small or medium-sized business (SME)? If so, you’re not alone. Recent findings from the Novuna Business Cash Flow survey reveal a startling reality: 34% of SMEs are teetering on the brink of closure due to a lack of funding. It’s a stark reminder of our challenges in today’s economic landscape.
A closer look at the pressures around personal guarantees and the support available to directors under strain.
In the complex web of economic dynamics, small businesses often find themselves at the mercy of various challenges. One such challenge, which has been a recurring nightmare for many, is the issue of late payments. A recent article by the FSB discusses this in a little length.
How often do you find yourself in transit, whether on a bus or a train, during a downpour, feeling fortunate to be sheltered from the elements? But let’s pause and reconsider—are we truly fortunate?
Are late payments from clients causing a strain on your business’s cash flow? As a debt recovery specialist, I’ve seen countless businesses struggle with overdue invoices, especially when they lack clear terms and conditions. However, a little-known secret ingredient that can empower you to charge interest and penalties on those late payments is the Late Payment of Commercial Debts and Interest Act 1998.
In short, nothing. So, what is the point of this blog?
Well, some reliefs have been put in place. However, having attended two professional seminars in the past few days (TMA and Quantuma), the outlook economically is dire and will likely get worse before it gets better.
In economic downturns, businesses face treacherous terrain, evoking fear and uncertainty among owners as they confront shrinking consumer demand, dwindling profits, and the threat of closure. Yet, amidst despair lie rays of hope and strategies for resilience.
