Late Payment – How to stop it Killing Business Productivity
At Commercial Domestic Investigations we know how late payment can have an instant negative impact on an SME’s cash flow, and we are always encouraging companies to find solutions and tackle the problem. In the ever changing world of business, even the smallest distractions can have more long term effects on the growth of your business. Shocking […]
What is the Main Cause of Late Payment?
Here at Commercial Domestic Investigations we’re always keeping up to date with late payment news. We understand how much of a problem late payment can be, and how badly it affects your cash flow. This week a new report from specialist outsourcer Echo Managed Services found a new cause of late payment. The report found […]
How Can I Protect Myself From Bad Debt?
Commercial Domestic Investigations know that bad debt is a serious issue that affects a large number of small and medium sized businesses throughout the UK. According to R3, the insolvency industry trade body, more than 100,000 UK SMEs are owed an estimated £16 billion by insolvent companies. Bad debt is a problem which affects businesses […]
Don’t let credit management scare you this Halloween
Halloween is a time where people are scared by ghosts, witches and zombies but for many businesses, it’s late payments and unstable cash flow that cause the real fright. While risk in business is unavoidable, a credit check can help you to manage and even prevent unexpected scares. Overdue and missed payments are an inevitable […]
Does your business have a healthy working capital?
Working capital is important for the successful, every day running of your business. It is defined as the amount of money that your business needs to meet your daily financial obligations. Working capital is an indicator of how effectively your business operates; an unhealthy working capital means that you will be unable to make payments […]
Become a Creditworthy Company
At Commercial Domestic Investigations, we wanted to share the steps that you should take when it comes to making your company creditworthy. Common credit control procedures now include a credit report, if that returns unfavourable information then it will be your business that misses out. Making sure that your business is viewed as creditworthy is […]
The secret to a happy workforce
Behind every successful business is a hardworking team of employees. If your team begins to falter or becomes unhappy then your business can rapidly fall into chaos. It is well-known that happy staff are more productive, so it is in your best interests to take care of your employees. What makes them tick? Take the […]
Improve your cash flow in 2022
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] If you make any resolution for the 2022 financial year, then it should be to stabilise your cash flow. In a post pandemic world, a healthy cash flow forms the foundation of a successful business, and without skilful management, your business will suffer. To help you to improve […]
Simple steps to stable cash flow
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] We cannot stress this enough; stable cash flow plays a vital part in the success of your business. Poor cash flow may mean that you can’t pay your suppliers, this can damage your reputation and your relationships. A poor cash flow can hamper your business’s ability to grow […]
How to: Manage your petty cash responsibly
Mismanagement of your petty cash may not seem like a big deal but poor handling of petty cash costs UK businesses millions every year. Problems arise when receipts “go missing” or the process of managing petty cash becomes far too complicated. With that in mind, can you afford to lose money through mismanagement? We wanted […]
