Credit, Collections & Insolvency News
New research has revealed late payment problems have worsened for 27% of the UKs SMEs in the last 12 months, according to research conducted by Purbeck Insurance Services. The study also shows that 29% are experiencing worsening cash flow problems and 30% have found that access to finance has become harder. The findings also show…
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Renewable energy supplier Green Star Energy has been ordered by Ofgem to refund £350,000 to customers over failings for renters. Ofgem said 1,829 new tenants were unable to access their Green Star Energy accounts and therefore could not access cheaper tariffs. The problem came as a result of Green Star not updating its records or issuing…
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Parents on Universal Credit will have to find up to £800 extra to pay for childcare over the summer, with some resorting to payday loans to cover the cost, according to a report by Save the Children The report says that thousands of hard-pressed families will have to take out loans or borrow from family…
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Invoicing is a critical part of any business’s processes. Without invoices, your customers won’t know how much and when they need to pay you. And without any money coming in, your business won’t survive for long! Being a small business owner often means too much to do and too little time. Yet it’s worth making…
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