Dishonoured Cheques and Direct Debits

Dishonoured Cheques and Direct Debits

With the increased use of debit cards and chip and pin technology, the humble cheque is being accepted by fewer and fewer retail outlets as a means of payment. It remains, however, a popular method of payment for business. Cheques are written orders from account...
Small Business Cashflow warning

Small Business Cashflow warning

With the forthcoming suspected interest rate rise, 40% of SME’s admit to having no financial buffer despite having outgoings of over £4k per month. SME loan approvals has falled from 58% to 43% in the past year. Where SME’s do have something in reserve, the most...
Q4 2018 Insolvency Statistics

Q4 2018 Insolvency Statistics

The Insolvency Service has released the Oct-Dec 2018 Insolvency Statistics which showed corporate insolvencies are still on the increase with a small rise of 0.7%, they are now at the highest level seen since 2014 with a total of 16,090 companies being made insolvent....