Whether late payments happen by accident or design, they may soon be attracting penalties for businesses. Lucy Beck, UK sales director for Palette why organisations should get control of their accounts payable and build better relationships with suppliers.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
If you ask nicely you might get paid quicker
New research reveals that old fashioned good manners will speed up the payment of bills and invoices, with 45 per cent of companies admitting they will speed up payment if they are asked nicely.
Duedil launches features that are part of on-going redesign
Duedil, the world’s largest database of free company financials, is rebuilding their website to improve users’ access to data from all over the web. A string of features launched recently include a Google Chrome extension, new financial ratios widget and faster data imports.
Santander announces new Internship programme for small business
Santander UK Chief Executive Ana Botín has extended the bank’s support for SMEs, building on a 25 per cent increase in lending over the past two years, with the launch of a new programme to place graduates from the country’s top universities on internships with SMEs across the UK.
Business owners patience runs out as the week progresses over bad debts
If you are a late payer on a mission to avoid your creditors, the best days to be in the office are Mondays and Tuesday – the worst – Thursdays and Fridays.
ABN AMRO agrees £19M finance package with James Caan’s Hamilton Bradshaw
Hamilton Bradshaw, one of the world’s top 50 recruitment companies, has secured a £19m global facility from Invoice and Asset Based lender, ABN AMRO Commercial Finance for its staffing sector investment fund, Human Capital Investment Group.
Over one million SMEs unaware of energy savings on offer with cloud computing
Nearly 90 per cent of UK SMEs surveyed said that they were unaware they could make significant savings on their IT energy footprint by moving their business into the cloud, according to new research by energy company, E.ON
A poor reputation and expensive: UK SMEs reject payday loans
Expensive, with high interest rates and a poor reputation; the latest independent research from BDRC Continental shows the UK’s SMEs do not appear to welcome payday loans as a means of financing their business.
James Caan to chair new Board to distribute £82.5m of start-up business loans to young entrepreneurs
Former BBC Dragon’s Den star James Caan has been approached by Lord Young, advisor to David Cameron on Enterprise, to help the Government drive an initiative to provide start up loans to young people across the country.
Beware of bad debt
SMEs are urge to measure the financial strength of other companies before doing business with them.
“Business deaths” back to highest level for two years
Nearly 70 firms are collapsing every day, the largest number for two years, as banks continue to refuse to lend.
Manufacturers ‘could drive UK recovery’
Manufacturers’ financial health has dramatically improved over the past year, with experts predicting the sector could “drive the UK’s recovery”.
Thinking of selling your company?
Ten tips that everyone should take notice of if they are thinking of selling a business
The UK is on the brink of a lasting recovery
Britain is on the brink of a lasting recovery, according to the Organisation for Economic Co-operation and Development (OECD), as momentum builds in the global economy.
Government calls for new types of pension schemes
The government is exploring new types of pension schemes that would give more security to retiring workers.