Control your debts to avoid them becoming bad…

In today’s economic climate it is vital for SMEs to keep tight control over their payment terms. The Department of Business Innovation and Skills (BIS) has a series of very useful downloadable guides available to assist – http://www.creditmanagement.org.uk/bisguides.htm

The guides provide advice to small businesses on cashflow, agreement of payment terms and gives tips for best practice. They strongly caution to set out and agree payment terms in advance and in writing.

We are equipped to advise clients on these matters to help minimise debts becoming bad. Of course, if your debt has gone bad, we can deploy a variety of methods to assist in its recovery.