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Top 10 tips for managing slow-paying clients

Top 10 tips for managing slow-paying clients

Dealing with late payments is a critical challenge, especially for smaller businesses. Not only do late payments present ethical and moral issues, but they also significantly impact cash flow and, in severe cases, can jeopardise a company's survival. It's crucial for...

Administrators facing prosecution over redundancies

Administrators facing prosecution over redundancies

The High Court has decided that Administrators can be prosecuted personally for failing to notify the Insolvency Service about collective redundancies. Following the recent decision in the High Court in R (on the application of Palmer) v Northern Derbyshire...

DRO – Debt Relief Order – Changes July 2021

DRO – Debt Relief Order – Changes July 2021

Thousands more people who are struggling in problem debt will be able to apply for their payments to be written off after an extension on current rules came into force at the end of June 2021. Debt Relief Orders (DROs) can now be used if you owe a maximum of £30,000...

When is home time?

When is home time?

Let me you ask you a simple question. At what time do you throw in the towel at the end of the working day? When do you think enough is enough and head for home? Flexi working has encouraged employers and employees to open the mind and think differently about their...

The Return of Crown Preference

The Return of Crown Preference

It has been confirmed that from 1 December 2020 the UK tax authority, HMRC will move back up the creditor rankings in English insolvency proceedings in respect of certain taxes. It means they will rank ahead of floating charge holders and unsecured creditors in...

It Can Pay To Play A “Home” Fixture

It Can Pay To Play A “Home” Fixture

If you are thinking of trading internationally, it is worth remembering you face the same problems with debtors that you do on home turf; with the added headache of defining whose laws govern the agreement. Before you enter into any contracts overseas you must...

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