Archive for the ‘Cashflow problems’ Category

Credit control under pressure with credit insurance withdrawal

Trade organisations are up in arms over the withdrawal of trade credit insurance for many retailers and this is putting ever increasing pressure on retailers credit control.  The British Retail Consortium (BRC) today published a survey stating more than half of large retail respondents said the reduction or withdrawal of trade credit insurance had adversely affected their business and their credit control. Of those, more than three quarters said it had led to problems with up to a quarter of their suppliers. Read the rest of this entry »

What are CVAs?

As the country enters into a recession, people may encounter yet another term in the language of the insolvency practitioner; CVA (Company Voluntary Arrangement).

A lot of people may already be aware of an IVA (Individual Voluntary Arrangement) where an individual offers a deal to his/her creditors in exchange for avoiding Bankruptcy. Read the rest of this entry »

10 Tips To Improve Your Cashflow

Keeping your cashflow on track will give you a secure base to both grow your business and ensure your survival.

Recent tightening of the money market has made banks ever more cautious in their lending decisions so, speeding up slow payers is essential to ensure you have money to fund your business growth – after all it is your money slow payers are using to fund their businesses!

We have put together the following top ten tips to help your cash flow on track. Read the rest of this entry »