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Are you an SME affected by late payments?

Late payments are the leading cause of cash flow problems for UK small and medium-sized enterprises (SMEs), according to 41% of business owners.

Differences between liquidation and administration

While liquidation and administration are both formal insolvency processes, the key difference is that administration looks to rescue viable elements of a business to allow trade to continue, while liquidation is simply a way of closing a company in an orderly manner.

Credit risk management

It is crucial for all businesses to understand credit risk management and how to protect their business from potential financial setbacks.

Companies House reforms and how they will impact SMEs

Changes are being made to UK Company Law with the introduction of The Economic Crime and Corporate Transparency Act 2023, which received Royal Assent in October last year.

In the biggest changes to Companies House law for over 180 years, the new legislation will improve the quality and transparency of company information, tackle economic crime and prevent organised criminals seeking to abuse the UK’s open economy.

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