Small Business Owners Spending Time Chasing Late Payments
The Commercial Domestic Investigations team understands that British small business owners cannot afford to let late payments go unchallenged. A new study has found that UK small company owners are spending a significant amount of time on chasing unpaid invoices. Major business concern The research was carried out by Xero, an online small business accountancy […]
Look after your personal finances to be successful in business
It is tough for a new business to be successful, but of the many reasons that a business fails, cash flow is the main culprit. As a new business owner, it is your responsibility to ensure your personal finances are in order before you set-up your business. You may not be aware but your personal […]
UK SMEs Continue to Struggle with Bad Debt
As a UK-based small business owner, it is key that you deal with unpaid invoices. A poll carried out by Xero indicates that small company heads spend 10% of their working days chasing down late payments, waiting 14 days past the invoice due date on average to receive the funds they are owed. Recovering late […]
Invoice Finance is Now Critical SME Financing Vehicle
If your clients refuse to settle their invoices, it is important that you plug the cash flow gap, so you have the money required to support your company’s day-to-day operations. Increasingly, new research has shown the Commercial Domestic Investigations team that UK small to medium-sized enterprises (SMEs) are turning to ‘invoice finance’ to shore up […]
Half of British Freelancers Consider Quitting Because of Late Payments
Here at Commercial Domestic Investigations, we understand that late payments are a key concern for UK small business owners. An unpaid invoice can deprive small companies of the vital cash flow needed to fund operations, making it harder to do business. Around half of UK freelancers, a new survey has found, have actually considered quitting […]
