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Debt CollectionDebt Collection

Archive - Debt Collection

Keeping on top of your debt

According to a recent survey by Lloyds Bank Commercial Banking Business in Britain, British SMEs are owed more than £500bn in outstanding invoices which represents an increase in more than 70% over the last two years.   The survey suggests that the problem is only likely to get worse during 2016 with… Read More

Debt Collection

A recent survey undertaken by BACS showed that 60% of Small to Medium Enterprises are experiencing late payment issues. It also showed that the average SME is owed £38,186 and 1 in 4 said if that amount grew to £50,000, they would face bankruptcy. Less than £12,000 is a narrow… Read More