As a supplier during economic challenging times, there’s one thing that’s worse than seeing your amount of work reduce – and that’s not being paid for work you’ve already completed. Large businesses, smaller firms and single contractors all innovate to speculate; they use the cash they earn to create new opportunities. Late payments create cash … Read more
A healthy business will always have a timely turnaround of accounts and a steady cash flow. The accounts receivable area of any company is arguably the hub of the ongoing operations. Getting customers to pay on time may not always go as smoothly as you would expect. There are various techniques available to ensure prompt … Read more
As time continue to change, so do people’s needs. That is why an 8-hour job is never enough to sustain new lifestyles. Because of this, we almost immediately turn to lending institutions in hopes that they will come to our rescue. And while borrowing can be a great quick-fix, debt is also a huge responsibility … Read more
It is a well known fact that cash flow problems are to businesses, what heart disease is to public health. Heart disease is the UK’s biggest killer and rightly so it has received much publicity and government support so it was encouraging to learn back in 2008 the that government were introducing the Prompt Payment … Read more
Following on from the earlier article, ‘UK Prompt Payment Code Hypocrisy’, I thought I would put the post into perspective and share which councils were not signed up to the UK Government’s poster campaign, designed to help small businesses out of recession and avoid cash flow problems caused by late payments. The first band of … Read more