Unpaid Debts Kill Small Businesses, Don't...
Posted in Debt Recovery on 4th Nov 2019
In June 2016, the Association of British Insurers (ABI) reported that the number of insurance claims made by UK business facing bad debt had risen to its higher number in ten years and in April 2019 the Small Business Commissioner reported that on average, 32% of invoices were paid later than agreed terms.
Clime Associates understand the impact that bad debt and late payment can have on a small or medium sized business.
Debt affects cash flow, which in turn affects the ability of your business to cover short-term liabilities, which can lead your otherwise...
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