Common Invoice Mistakes – The Detail Matters

Common Invoice Mistakes – The Detail Matters

Common invoice mistakes can drastically slow down how quickly you get paid. We set out below the key mistakes businesses make so that you can try to eliminate them from your processes. Failure To Raise An Invoice Promptly Leaving invoicing to month end is a bad habit....
Understanding Breathing Space

Understanding Breathing Space

The Debt Respite Regulations have been introduced to support individuals grappling with debt by encouraging them to seek professional debt advice and find suitable solutions. A key feature of this initiative is the provision of a 60-day breathing space, or moratorium,...
The latest insolvency stats are available

The latest insolvency stats are available

The Insolvency Service releases insolvency stats on a monthly basis. It used to do so quarterly but the reporting is now much quicker. In short, in September 2023 there were: 255 compulsory liquidations 1,576 creditors’ voluntary liquidations (CVLs) 125...
The Big Squeeze: Another Credit Crunch On The Horizon?

The Big Squeeze: Another Credit Crunch On The Horizon?

As interest rates rise yet again, businesses across England and Wales may find themselves feeling the squeeze, as a credit crunch looms. In an environment where borrowing costs are going up, managing cash flow becomes even more critical. This situation is especially...
Have You Hit A Brick Wall Getting Your Customers To Pay On Time?

Have You Hit A Brick Wall Getting Your Customers To Pay On Time?

Maintaining a steady cash flow is vital for any business and getting clients to pay on time, plays a huge role. If you find yourself hitting a wall when it comes to timely payments, it is crucial to understand the reasons behind this issue. Cash Flow Challenges One...