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, Laura Wellington from Inspira joins us to discuss Connect to Work — a new programme helping people across Cumbria overcome barriers to employment and connect with meaningful, sustainable careers. We explore how the initiative supports both individuals and employers, why inclusive…
Big changes are on the way with new recycling legislation, and getting it wrong could cost your business more than you think. We’re joined by Cumbria Waste Group to break down what “Simpler Recycling” really means, what’s changing, and why now is the time to act. But it’s not just about staying…
Big changes are on the way with new recycling legislation, and getting it wrong could cost your business more than you think. We’re joined by Cumbria Waste Group to break down what “Simpler Recycling” really means, what’s changing, and why now is the time to act. But it’s not just about staying…
