British Businesses Suffer Due to Unpaid Invoices
New research has revealed that British SMEs are owed more than £500 billion in outstanding invoices, an increase of more than 70% in two years. The latest Lloyds Bank Commercial Banking Business in Britain research also found that the problem is likely to get worse during 2016, with almost 30% of small businesses expecting more […]
Statistics Reveal Fall in Debt Cases
The latest civil justice statistics, published by Scotland’s Chief Statistician, have revealed a fall in the number of debt cases being considered by Scottish courts for the fifth year in a row. According to the figures, there were 35,400 debt cases raised in 2013-14, a drop of 46% since 2008-09. Changes in types of borrowing, […]
New Proposals to Tackle Late Payment
The UK Government has launched a consultation over new proposals that will require large and listed companies to publish detailed information about their payment practices and performance. It says that the proposed changes will provide robust information making it easier for small businesses to compare the role models with the less reputable. Specifically, the average […]
Calls for More Action on Late Payment
Further action on late payment should be one of the top priorities in the Autumn Statement, according to national business group the Forum of Private Business. Ahead of the Chancellor’s Autumn Statement in December, the Forum has written to George Osborne with a list of top business wants, including action on late payment and tax, […]
Parliament Passes Buildings Bill
A new law, which was introduced by the Scottish Government to allow local councils to recover debts they have incurred when taking on enforcement work on dangerous or defective buildings, has been passed by the Scottish Parliament. Local authorities have a statutory obligation to deal with dangerous buildings, and can take action on defective buildings […]
