Don’t let miscellaneous costs impact your business

The old adage “look after the pennies and the pounds will look after themselves” seems to be the appropriate response to AXA’s research which shows seemingly innocuous costs such as tea bags and toilet roll looked at cumulatively brings the biggest surprise.  Also the unexpected amounts spent on stationery and printer ink.  Almost two thirds of employers asked admitted they don't look around to find the best prices, potentially resulting in thousands of pounds worth of unnecessary costs.

Court Fee Increases

I was taken aback with a judge’s comment on Radio 4 this week - that although court fees have increased by as much as 600% that we should not be concerned because where judgment is granted then the court fees will be collected from the debtor so no problem.

Creatures of Habit? How Your Clients’ Bad Habits Could be Killing Your Business.

I suspect we are all creatures of habit and I was reminded of this when a friend commented on my placing a bottle top in my pocket rather than discarding it as there were no litter bins around.  He wondered if this was an age thing.  Maybe it is, but it was the way I was bought up.

Businesses are busy but battling bad debt

Reports that business confidence is now at its highest level in 20 years have been borne out by the latest late payment analysis from Lovetts Plc, they have found that based on the volume of invoices being issued and now being chased for payment, businesses have got busier, since Q1 2014, but are also battling late payment as the number of bad debts on their books has jumped by almost a third.

Peer-to-peer lending – are banks waking up to the opportunity or sleeping through the change

With the success of crowd funding and the growth of Peer to Peer lending players such as Zopa - giving SMEs the opportunity for new forms of finance the banks are waking up to the opportunity this platform may offer their customers.

Late payment culture is endemic

We act for many smaller businesses and are finding the late payment culture is not an exclusive of high street retail corporate's. They would never allow you to take goods out of one of their store on credit and are simply using their suppliers as substitute banks. It's cheaper for them to stretch payments times than borrow even at the current low rates.

Welcome to Cash Flow Protector

With the debt owed to small businesses ever climbing new research from WorldPay shows it at over £2.5 billion with many businesses writing of debts rather than pursuing them.

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E11 2AE

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