One of the most common late payment excuses we hear during the summer months is “my director is on holiday”. But there’s no reason a few weeks in the sun should impact on your business being paid. Here are 6 ways to stop customer holidays delaying payment.
One in three SMEs are reluctant to chase debt owed to them by a customer according to a new survey. But with 85% of businesses reportedly suffering with late payment issues, why are they shying away from getting what they are owed?
Britain's medium-sized firms are owed an average of £3.7m in trade debt according to new figures which suggest that, despite the economic upturn, the impact of late payment on UK businesses of all sizes remains severe.
As the distressing culture of late payment prevails, Hilton-Baird Collection Services is thrilled to announce the return of our award-winning Senior Collections Advisor, Peter Hepburn.
Large businesses could soon have to disclose how long they take to pay their suppliers following a cross-party Parliamentary inquiry into the deep-rooted problems with late payment – one of 11 proposals they believe would dramatically improve payment performance in the UK.