It's getting harder for businesses to recover overdue debts, according to research from the invoice financing firm Liberis.
A survey carried out in March found that small UK businesses are owed £14.9bn in late payments, up from £13.9bn only six months ago.
A quarter are owed more than £20,000 and half say that aged debts have hindered investment in their business.
They spend, on average, £5,000 a year in time trying to recover these funds.
In this podcast Rob Winder, head of the debt and property recovery team at Burnetts Solicitors, looks at what businesses can do to improve debt recovery and how to identify potential defaulters before they run up big debts.
In this episode, Dominic Doig from Solomon Europe joins us to discuss MatchMaker—a new procurement model designed to help SMEs source the products and services they need more effectively. We explore how the idea for MatchMaker came about, the impact it's already having for businesses, and so much…
In this episode, Sarah Schofield joins us to discuss the importance of creating safe and supportive environments for women in the business world. We explore the inspiration behind her Safe Women Workshops, the challenges many women still face in professional settings, and why psychological safety,…
In this episode, Jade Clifford from iCan Wellbeing Group joins us to discuss ADHD in the workplace and how employers can create environments where neurodivergent employees can thrive. We explore Jade’s personal experiences of living and working with ADHD, the challenges and strengths that can come…
