A recent study by Market Finance, which examined over 100,000 invoices from 990,000 UK SMEs, has shown that the debtors are now taking an average of 23 days past due to settle an invoice. This figure was 12 days in 2018.
Controlaccount is proud to have maintained its ISO certifications for their procedures and systems for the 5th year running.ISO 9001 and ISO 27001 are internationally recognised certifications that outline strict standards that organisations must meet for Quality Management and Information Systems procedures.
Eddie Stobart may have been given an 11th-hour reprieve but the UK haulage firm is not yet out of the danger zone
December 2019 was not a cheery month for one of the biggest names in UK transport and logistics. The Eddie Stobart Group, which was founded in 1970, narrowly avoided financial collapse when the 47-year-old firm disclosed mounting debt woes with losses exceeding £12 million for the first half of 2019, an epic £200 million loan and an almost catastrophic £2m accounting error.
The last decade has seen many changes on our high street with retailers struggling against high business rates and changing shopping trends. The last decade has seen many brands topple. Here we look at the big players that went under and what happened:
Despite steady consumer spending in November and December, The Financial Times annual survey predicts that despite a brief elevation in GDP growth following the general election, Brexit will continue to cast a shadow over the UK economy in 2020.
Figures released from trade credit insurers, Atradius, reveal that 61% of invoices were settled on time last year, an increase of 7% from the previous year. However, despite this positive statistic, over 35% of the total value of b2b invoices over the past year remains outstanding at the due date and UK businesses are expecting this only to get worse.