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The importance of credit checking your customers

With reports predicting a downturn in economic stability, it has never been more important to gain an insight into your customers creditworthiness and form a reliable picture of the financial status of a business, to safeguard your organisation. 

Late payments pushing UK small firms close to the edge

An increase in late payments is pushing many UK small businesses close to the edge, as energy bills and wages soar and sales fall.

Continued late payment issues for many UK businesses in 2022

2021 was a difficult year for businesses with regards to late payment, and the outlook for this year is also looking rather challenging. 

UK insolvencies increase by 31 per cent in Q2

A recent report by The Insolvency Service, details that business insolvency figures have risen 31 per cent from Q1 2021, and by 4 per cent when compared with the same quarter in the previous year.

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