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Articles, advice and guides on dealing with bad debt covering important topics such as: methods of debt recovery, chasing money you are owed, how to stop late payment issues, and example debt collection letters.

Accounting

How your small business can prepare early for late payment

Here Simon Willmett, finance director at Nucleus Commercial Finance, explains how small businesses can mitigate the impact of late payments.

Legal advice

How and when should an SME issue a CCJ?

Given the UK’s current late payment culture, Rachel Mainwaring, operations director at Creditsafe, tells us when SMEs should apply for a CCJ.

News

Growth threatened as three in four forced to write off unpaid debts

More than three quarters of SMEs have written off unpaid debts and invoices from bigger companies in the past year, a new study reveals.

News

Small businesses writing off mountains of debt

New analysis estimates that Britain’s SMEs wrote off a combined £5.8 billion in the last financial year.

Accounting

Talking to the SME bad debt specialists

Debt Guard is a recently-launched debt recovery system aimed at small and medium sized companies. Here, chief operating officer Mark Burgess discusses the company's plans moving forward, from customer acquisition to marketing.

Accounting

Businesses turning to legal solutions to conquer bad debt

An increasing number of businesses are turning to the law to tackle the scourge of late payment and reduce their losses, research finds.

News

Bad debt on the rise

An increasing number of small and medium-sized businesses are facing cash flow crises, research finds.

News

Self-employed at debt risk

Businesses are being urged not to mix personal borrowing with their business accounts.

Accounting

Debt advice for small businesses

Many small businesses operate on a very tight budget. Figures published by the Insolvency Service show that up to 13,000 companies go into liquidation and 11,000 self-employed people are declared bankrupt annually. The need for debt advice for small businesses has never before been in such demand.

Accounting

Debt collection letters to improve SME cash flow

The Better Payment Protection Campaign (BPPC), a joint public-private initiative, has provided a series of example letters to help small firms in their efforts to collect debts and get to grips with credit management.

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