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Entries Tagged ‘England’

Business Debts Damage SME Cashflow: How Do You Manage Late Payers Effectively to Keep Solvent?

Somewhere in the first three months of running a small business, most people find that chasing late payments is a fact of their life. It is unpleasant and expensive to take non-paying customers to court. What is more, the drawn-out process distracts you from building your business. As bad debts lead to reduced cashflow and eventual [...]

The History of Invoice Factoring

Factoring is one of the oldest business practices known. We know that it was used at least as long ago as the time of the Ancient Roman Empire, when merchants would enlist the help of collectors in order to settle trade debts. The primary reason for factoring’s long history is that it addresses a very [...]