Practical articles and commentary to help business owners think more clearly about recovery, cash flow and commercial risk.
Sales figures might tell you how much business you’ve won, but they don’t always tell you how much money you’ll actually receive. After all, a sale doesn’t pay the bills until the customer pays the invoice. And as every business owner knows, cash flow matters. Some customers pay promptly, some need a gentle reminder, and […]
When is the right time to write off a bad debt? It’s a question I’ve been asked many times by business owners and key decision-makers. And the answer isn’t always straightforward. Your accountant should guide you on the financial and tax treatment of a bad debt. But from a debt recovery perspective, there’s another question […]
Managing a steady cashflow is never easy. With so many business attributes in abundance – it’s essential to have some sort of leverage to ensure your business gets paid. … and to deter would be non-payers. Here are 5 key reasons why the Late Payment of Commercial Debts and Interest Act 1998 (UK only) – […]
Having been committed to various roles in ‘Recoveries’ for the last decade or so … The sceptic in me always does a rigorous check to see if all angles have been covered before legal action is even considered. Now, you might be thinking – “Yes, I’ve covered everything All my letters/calls have been ignored.” Are […]
Sitting in between my Clients; ‘Mrs’ on the left and ‘Mr’ on the right. Whilst talking, every so often ‘Mr’ would look over his shoulder, past the Mercedes on his driveway and out into the street. The same pattern would continue throughout through the meeting. Eventually I couldn’t help but agitatedly ask – “Why do […]
Wow Air, Primera Air, Flybe, XL….. What do the above have in common? Well, they’re budget airline carriers who operate in a no-frills capacity. It’s estimated that around 30% of airlines who start to operate go bust within the first two to three years of trading. But why? Simply because of high operating costs, broken […]
B….t or B…….t As you can see one gap is bigger than the other….I let you fill in gaps 😊 Put quite simply, UK politics has never experienced a gap like last couple of months. There’s a tendency to leave things right up until the last month for individuals of any party to agree to […]
I previously worked for two companies that had gone through major restructures or name changes. This meant: a complete change in internal processes a drive towards different elements changes to internal bureaucracy This lead to a more streamlined approach, getting things done quicker, and was sometimes necessarily brutally for survival. … but it can come […]
What is a HCEO (High Court Enforcement Officer) and what do they do? Britain’s civil police force will, by any legal means necessary, enforce you to give up assets to pay for a CCJ, or a Judgment Debt. Often, this could have been avoided many days/months/weeks before. A few years back, I about the epidemic […]
Strikes, Ideological misfits, “colossal mistakes”, and monumental cost savings are now part of our global thoroughfare in order to improve business efficiency. The chaos that ensues when train companies strike is unfathomable. However, as this becomes more frequent, Senior Operations have some sort of idea as to the crowd numbers to expect to get London […]
