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.
Keith and Jaqui Jackson are here to talk about their new leadership programme LEAD iT.
We’ve invited Adrian Lochhead and Kevin Beaty, who are part of the team working on the Great Border City, onto the podcast to discuss what prompted the BID proposal; how establishing a BID will impact Carlisle; lessons from other cities and how businesses can get involved and share their views.
This month on the podcast, we’re joined by Martyn Staveley, Director of Three Peaks Consulting, to discuss all things international trade and to breakdown our new Export Consultancy service. We discuss: Challenges and opportunities for Cumbrian exporters The impact of global events on…
