Credit Management News & Testimonials 

Regardless of how small the debt, it is in your business interest to collect the funds owed to you as this will be negatively affecting your cash flow. 
 
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11th October 2012 -- Veronika Mars 
 
New research has uncovered the hard-hitting financial implications of engrained late payment culture on the UK’s Small to Medium-sized Enterprises (SMEs). 
 
The average amount owed to SMEs now stands at approximately £36,000. But 35% of SMEs indicated that late payment volumes of just £20,000 could threaten the future viability of the company. 
 
20 September, 2012 | By Greg Pitcher 
 
The government has moved a step closer to introducing European late payment laws in the UK. 
 
Business minister Michael Fallon launched a consultation on implementing EU legislation to combat delayed payment to British businesses. 
 
The Directive is aimed at creating a level playing field for UK businesses trading with companies and public authorities in all member states. 
 
It will require public bodies to pay suppliers within 30 days of receiving an invoice, and private companies to settle bills within 60 days unless otherwise fairly agreed. 
 
 
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