Feb 13, 2018
We previously reported that late payments cost SMEs more than £2 billion a year, as revealed in the data published in 2017 by Bacs, the company behind Direct Debit and Bacs Direct Credit. More recent research revealed that 62% of…
Aug 15, 2017
What’s the difference between cash flow and profit? The two are often confused and yet they are both very important aspects of running a business. What is cash flow? The dictionary definition of cash flow is “the total…
Jul 13, 2017
Bacs, the company behind Direct Debit and Bacs Direct Credit in the UK, have published their research into late payments among smaller UK businesses. Their research findings revealed that the UK’s smaller businesses are facing a total bill of £2.16…
May 09, 2017
Late payments made headlines this month when Jeremy Corbyn, the leader of the UK’s Labour Party, “declared war” on late payments, with the aim of helping “small-time entrepreneurs, self-employed tradespeople, and local firms”. Latest research from insurance company, Zurich, in…
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