Credit, Collections & Insolvency News
While late or non-payment is well known to be adversely impacting businesses in many ways at present, one particularly disturbing trend lies in the proportion of companies having to write off turnover as uncollectable. Much of the focus and statistics surrounding late payment within the media and government assumes that the customer does eventually pay.…
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The Irish Small & Medium Enterprises Association (ISME) Credit Watch latest survey shows that late payment has deteriorated from 59 days to 61 days in Q2. Dublin and Ulster businesses are waiting the longest to be paid. Commenting on the results ISME, CEO Neil McDonnell said “Todays’ results are disappointing. Late payments are a big issue for SMEs;…
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Maclay Murray & Spens announced that it is to combine with Dentons. The combination, which is expected to complete later in 2017 following approval by the partnerships of both firms. The new group will combine operating from offices in Aberdeen, Edinburgh, Glasgow, London, Milton Keynes and Watford. Dentons’ Global Chief Executive Officer Elliott Portnoy said “This combination…
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We all know that Credit Control is a communications business and anyone who as been on one of our courses or completed our Education program knows the importance I put on carefully selecting the words we use and the questions we ask in order to get the results that we want. Words paint pictures in the minds of the…
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