Practical articles and commentary to help business owners think more clearly about recovery, cash flow and commercial risk.
The UK government’s Director Information Hub is a valuable resource for company directors. It simplifies the management of directorial obligations, providing a centralised platform for information and tools.
The Buy Now, Pay Later (BNPL) sector has experienced rapid growth and popularity, revolutionising how consumers purchase. However, recent news from Sky News suggests that the UK Treasury might shelve plans for regulatory measures on the BNPL market. This decision has ignited discussions on the potential impact of regulation and its significance for the future of the BNPL sector in the UK.
Late payments have long been a persistent issue that plagues small businesses worldwide. In a recent article titled “Late Payment: A Guide for UK Businesses” by NerdWallet, the author sheds light on the detrimental effects of late payments and provides valuable insights into how small businesses can tackle this problem. This opinion piece discusses the significance of addressing late payments and highlights the author’s key points.
In the digital age, where online transactions and interactions have become the norm, businesses and individuals must establish clear guidelines and boundaries. Terms and conditions (T&C) serve as the contractual agreement between service providers and users, outlining both parties’ rights, responsibilities, and expectations. While often overlooked or hastily accepted, watertight terms and conditions can bring significant advantages for businesses and users. In this blog post, we will explore the benefits of having comprehensive and well-defined T&C agreements.
The brewing industry has experienced significant growth and intense competition in recent years. Craft breweries have thrived, capturing consumers’ hearts and taste buds worldwide. However, with this growth, financial challenges have emerged, leading to an unfortunate rise in brewery insolvencies. As a brewery owner or investor, it is crucial to understand the complexities of insolvencies and seek expert guidance. In this blog, we’ll explore the reasons behind brewery insolvencies and why partnering with a financial advisor can be the key to securing your business’s financial future.
Most individuals are stuck on this question.
They think it’s a simple task of going forward and obtaining a County Court Judgement and that they have reached the end of that road.
Debt restructuring can be a lifeline for individuals and businesses grappling with financial challenges. It offers an opportunity to renegotiate payment terms, reduce interest rates, and ultimately regain control over one’s finances.
Unless you have a contract which stipulates late payment interest as part of your contract, I would encourage any business to optimise the government legislation which applies interest and late payment clauses on top of your outstanding invoices.
A few years ago, I was instructed by a chartered surveyor who was owed in excess of £10k. Long story short, he was acting for a large conglomerate of retail units that had left him high and dry by changing points of contact on an ongoing basis. A quick overview of the debtor’s accounts clarified that they were in trouble.
There are few things more frustrating for a business owner than discovering that a customer who owes you money has gone into liquidation. One minute you’re expecting payment. The next, you’re hearing: “We’ve gone bust.” “The company has closed.” “You’ll need to speak to the liquidator.” And suddenly, you’re left wondering whether you’ll ever see […]
