The recession has caused much financial constraint not least by the finance houses when it comes to granting support to small organisations in the UK and with the national debt now over £122bn, it might seem ludicrous that finance houses have made big profits and can continue their huge bonus handouts, but are reticent to [...]

Continue reading " In The Current Financial Climate Can A Small Firm Afford Costly Debt Collection Procedures When A Large Firm Has Left An Invoice Unpaid After The Final Payment Date? "

For a small company that has been waiting for a larger company to pay an bill for work carried out, or products provided, Debt collection by taking the case to court will be a serious action and one which may destroy the business relationship between the small company and the large company. This relationship may [...]

Continue reading " What A Small Business Can Do Prior To Taking A Larger Business To Court Over An Unpaid Account "

In the current economic downturn and when banks are still reluctant to lend cash to small businesses it could come as no shock to see that small businesses have to wait longer for accounts to be settleled for jobs done or goods supplied to large businesses. It could be that the large enterprise is itself [...]

Continue reading " Alternatives To Court When A Small Enterprise Is Looking To Have An Overdue Invoice Cleared By A Large Enterprise. "

If a small company wishes to gain skill in Debt Collection this may be for a variety of reasons. They may be short of earnings and need to get the latest account sent to the large company paid at the most economical price. While they may have had bad debts in the past and have [...]

Continue reading " Is Gaining Experience In Debt Collection Worth The While For A Small Firm Awaiting Payment Of An Account For The Last Work Completed For A Large Firm? "

The task force, devised by Stephen Green, the head of HSBC and also the British Bankers Association, is to make sure that small viable businesses have access to finance for the support of the UK economy. They are also to look into difficulties that have an effect on the markets and any other difficulties that [...]

Continue reading " A Banks Taskforce Is To Be Formed To Address Lending To Viable Enterprises, But Will This Help A Small Business Struggling Because Of An Overdue Invoice With A Large Company? "

In a recent communication, the Prime Minister has promised to encourage the financial institutions to start offering business loans, at reasonable rates, to small organisations in a move to get the economy going again. The big question is that will the financial institutions actually listen and go down this road? This may be a big [...]

Continue reading " The Prime Minister Is Determined To Persuade The finance houses To Start Lending To Small organisations, But Will They Listen And Offer Reasonable Rates? "

A recent issue of the Daily Mail had a headline of “small firms bled dry by the banks” and the article discussed the fact that big finance houses were growing profit margins on loans by a third and at the same time they were cutting lending by 43%. An example was presented of a small [...]

Continue reading " Small Enterprises Seem To Be Getting A Rough Ride From The Banks, So What Can A Small Enterprise Do If They Need To Get An Unpaid Invoice Paid? "