When a small business has been working on projects with a large business for many years, there will have been a good professional relationship worked on over that time and one which needs to be valued as it can ensure an ongoing flow of business for the small business. However if the large business [...]
When a small organisation is faced with an unpaid invoice for work done or items furnished to a larger company, the small organisation will have to find out how to carry out this debt collection procedure in the best economical way. This means both in financial terms and in employee time used on the [...]
It could be fair to say that at some period in its existence a organization would be faced with one or more unpaid invoices and would have to either try and recover the debt or write it off. Depending on the size of the organization and the size of the debt, and to some [...]
In the present financial downturn, cash flow for businesses may be difficult, in that if they are owed money for work or sales they will have to consider their options on Debt collection. Do they take it on by talking to the debtor company or do they employ the services of a solicitor to [...]
The Late Payment of Commercial Debts (Interest) Act 2002 is described on the Office of Public Sector Information UK government website as “An Act to make provision with respect to interest on the late payment of certain debts arising under commercial contracts for the supply of goods or services; and for connected purposes.” The act [...]
