Improving economy not good for everybody
All signs this week see the economy improving with a return to positive inflation figure and the volume of companies that entered administration during the first quarter of 2015 has fallen to around 432, a decline year-on-year of 16.9%
The annual decline in quarterly administrations is a clear barometer of continuing improvement in overall economic growth.
Our experience is that as the economy improves so does late payment - as a cheaper and easier option than borrowing from the bank to fund growth.
So keeping your cash flow on track is key – don’t become an alternative funder for your clients.