In today’s challenging economic climate, maintaining healthy cash flow has become more critical than ever for UK businesses. Late payments and outstanding debts not only strain operations but also threaten a business’s long-term sustainability.
Bibby’s Confidence Tracker for Q3 2024 said that in the past 12 months, 40 per cent of SMEs in the UK reported suffering bad debt due to customer non-payment, an increase from 30 per cent reported earlier in 2024.
Whether you are small to medium enterprise (SME) or a growing company, implementing effective debt recovery strategies is essential to protect your bottom line, particularly during difficult economic periods. Sara Beaumont, a commercial dispute resolution specialist and director at…
