POOR PAYMENT CULTURE

Debt

On 13th March 2018 the Chancellor Philip Hammond made his Spring Statement.  He stated that poor payment culture was no longer an environment that would be entertained. On average businesses are paid 14 days beyond the agreed payment terms for their invoices.  Paying creditor invoices is usually 10 days beyond terms.  Such poor payment performance - Read More >
Read more >

RESIDENTIAL PRIVATE LANDLORDS INVENTORY ESSENTIALS

Deposit dispute

Many landlords do not do an inventory prior to a new tenant commencing occupation, and if they do the inventory is insufficiently detailed, should a deposit dispute arise when the tenancy comes to an end. What is also important is that any photographs or videos taken are date and time stamped.  As most of us - Read More >
Read more >

TIMESCALES FOR RESIDENTIAL POSSESSION CLAIMS

MOJ Possession statistics

If you are a private landlord, the quarterly possession statistics from the Ministry of Justice can make interesting reading.  The highlights from the April to June 2018 quarter are: Landlord possession actions have decreased, following a downward trend since summer 2014 Landlord possession claims are highest in London (with all 10 of the highest 10 - Read More >
Read more >

Late Payment Crackdown

Debt

On the 17th September 2018 The Greater Birmingham Chamber of Commerce released an article about Mr Paul Uppal, the Small Business Commissioner.  He is tasked with supporting the UK’s 5.7 million small businesses (those with a turnover of less than £6.5 million and less than 50 employees, which is 99% of all private sector companies).  The article is - Read More >
Read more >

Do you pay your suppliers on time but are kept waiting beyond terms by your customers?

Debt

If so, you are not alone. In the second quarter of 2018 the manufacturing  sector saw debt owed to suppliers increase by 206.3% to £98M![1]  If your main customer base is within the manufacturing sector, pay special attention to these customers, chase your invoice as soon as it becomes due.  Ideally use company monitoring services - Read More >
Read more >