Can you reduce your business debt?
In all likelihood, your business will operate on trade credit. This can be a great resource for your company and can help you to grow. However, miss payments and you can spiral into debt very quickly. So, not only will you be in debt but suppliers will begin to cut you off, and your business […]
Should you be extending credit to clients?
It can be difficult to know which customers are worthy of credit. The best way to avoid late or missed payments is to request a credit check on potential clients. A credit report gives you access to business’ key financial information; this information can help you to make a decision about who to work with […]
How to: Build your business credit
In the current climate, it is becoming increasingly difficult for businesses to secure financial help. This is particularly troublesome for SMEs, some of whom have only just started trading and don’t have a lengthy business history. A good way to improve your chances of securing finance is to build and maintain a healthy credit score. […]
Five Tips for Getting Paid On Time
Here at Commercial Domestic Investigations, we understand that late payments are a significant issue for small businesses across the UK. If clients fail to meet invoices within the specified time frame, you cannot develop the healthy cash flow required to support operations and grow. It is critical that you make sure clients pay you on […]
The foundation of credit control
A huge amount of businesses are forced to close every year because customers are not paying their invoices. At Commercial Domestic Investigations, we don’t want you to become part of that group and so we wanted to share some foundations of credit control that you can put into action. For an SME it can be […]
Business structures: sole trader or company director?
Setting up your own business is a fantastic achievement and definitely something to be proud of, but there can be some difficult decisions to make and setting up as a sole trader or a limited company is just one of them. Unfortunately friends, family members and maybe even previous colleagues will all give you advice […]
Which Premier League Football Teams Are Best At Paying on Time?
Commercial Domestic Investigations recognises that many British small to medium-sized enterprises (SMEs) rely on bigger companies, such as Premier League football teams, for vital revenue. When these companies delay payment, it impacts cash-slow, so it pays for SMEs to know which firms have a habit of meeting their invoices on time. Looking at a new […]
