On December 3rd 2022, The Business Secretary Grant Shapps ordered a review aimed at tackling late payments for small businesses, suggesting that small businesses are owed £23.4bn in outstanding invoices. Many small businesses operate with low cash reserves, which...
Quotations – are they legally binding? We have several clients unsure about quotations and their place in business, whether they are important, what happens if they need to be changed, how and when to implement them. All important to get correct in the course of...
When your clients do not pay you on time not only does this create cash flow problems, it increases the risk of not being paid at all and can damage the working relationship. Cash flow can be a very personal issue for freelancers, contractors and small businesses. Not...
When in business the ultimate aim is to make money right? You expect to be paid for your labour, product or service. So what can you do to ensure you are always paid and also on time? Whilst being paid upfront is the most sensible idea it is not always the most...
The current affairs of Carillion has brought doubt into the many minds of those in the construction industry. “Whats going to happen? Are we going to get paid? How can we prevent this from ever happening to us?” So what happened to Carillion? Well it is...
