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Managing suppliers and payments
Manage your suppliers. Invoicing and payment terms. Getting paid when selling overseas. Credit checking your customers and setting credit limits. Factoring and invoice discounting: the basics. Ensuring customers pay you on time. ...
Improve your cashflow and business performance
Assess your business' performance. Assess and improve your business cashflow. Ensuring customers pay you on time. Recover your debts. Avoid insolvency. How to turn your business around.
Manage your cashflow
Cashflow management: the basics. Decide whether to lease or buy assets. Identify potential cashflow problems. Invoicing and payment terms. Factoring and invoice discounting: the basics. Credit checking your customers and setting credit limits. ...
Managing financial difficulty
Guides which can help your business through financial problems to find resolutions to suit different circumstances.
Finance - find a case study
Case studies focusing how businesses have raised finance, managed financial accounts and overcome financial difficulties
Options for financing business growth (video)
In this video, business advisers explain the importance of getting the right finance for your business growth.
Make sure you have the cash to grow (video)
Guidance and useful tips on financial planning to help grow your business
Individual voluntary arrangements
Overview of individual voluntary arrangements, including advantages and disadvantages
Administration orders
Overview of administration orders, including the advantages and disadvantages of administration orders
Debt Relief Orders
How to apply and eligibility criteria for a debt relief order
Deciding whether to take your debt claim to court
Alternatives to court action to recover payment from customers, and checking whether they can afford to pay you
Choosing the right legal route for your debt claim
Differences between the small claims track and the high court
Winding up and bankruptcy petitions
How to issue a petition to close the business or enforce a judgment if your customer does not pay you
Banking overseas and UK-based foreign currency accounts
Pros and cons of opening an overseas bank account or a UK-based foreign currency account to hedge your risks
Buying currency options
The pros and cons of buying currency options and how it might help your business hedge foreign exchange risks
Foreign currency transactions and bookkeeping
How making and receiving payments in foreign currencies can affect your accounts
Using solicitors and debt recovery agents
In certain cases when collecting money owed to you it may be sensible to seek professional help
Issuing your debt claim
The forms and evidence you will need to issue a claim for payment
What happens after your debt claim has been served
Court procedures after your claim has been issued, and what the defendant's and your options are
What happens if your debt claim is contested
The procedures if a defence is entered and the case proceeds to a court hearing or trial