Credit, Collections & Insolvency News
Cash flow problems are common; this an issue that we come across far too often. The reality is that more than half of SMEs don’t survive longer than 5 years, and we have found that poor cash flow is a very good indicator of things going downhill. Cash flow – what is it? The money…
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The new rules came into force on 6 April 2017 to achieve the following: incorporate various changes in the law which are intended to reduce the burden of red tape; consolidate the existing rules into one single set of rules; modernise the rules by updating the structure and simplifying the language used. What has changed?…
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The New Year is a good opportunity to analyse your credit management performance to highlight your strengths and weaknesses. Look back on last year and see if you can identify areas that should be adapted to improve your performance in the year ahead. We think there are certain credit control practices that all businesses would be better…
Read moreThe Central Bank of Ireland’s Director General, Financial Conduct today set out her priorities for the recently created financial conduct pillar of the Central Bank. Speaking in UCD, Derville Rowland highlighted the vital importance of trust and confidence in financial services and the system of regulation, and added that the accountability of senior personnel in…
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Armstrong Watson has announced that Partner, Mike Kienlen, has been appointed Chair. Kienlen is a Partner in the Restructuring, Recovery and Insolvency service line and has worked for the firm for 13 years, based at their Leeds office. As Chairman, Kienlen will support Chief Executive Officer, Paul Dickson, with the leadership and strategic positioning of…
Read moreAlmost 1 million vulnerable households on poor value deals will make big savings on their energy bills from this month after Ofgem extended the prepayment safeguard tariff. Customers will initially make annualised savings of around £115 on average because suppliers have to cut their prices to below the level of the safeguard tariff cap. These…
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