LisaWhitehouse

As a business owner, it is important to ensure that your new customers are financially reliable and capable of fulfilling their payment obligations. The phrase “good for the money” is a common one in business, referring to a customer who is likely to pay you on time and in full. But how can you determine if a new customer falls into this category? Here are some key steps to help you make a more informed decision: Conduct a Credit Check A credit check is one of the most straightforward ways to assess a customer's financial standing. Credit reference agencies can [...]

Recent developments involving Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited highlight the risks associated with unqualified advice in times of financial distress. These companies, which falsely claimed to offer a legal alternative to insolvency practitioners, misled directors facing company debts. They encouraged the disposal of assets and assured directors they could escape responsibility for company liabilities. The closure of Atherton companies and their associated firms underscores the critical need for businesses to seek guidance from licensed insolvency practitioners. Unlike unregulated entities, Insolvency Practitioners (IPs) are qualified professionals who adhere to stringent ethical and legal standards set by governing [...]

As a business owner, one of the most frustrating challenges you can face is a customer who fails to pay on time or, even worse, doesn’t pay at all. This can significantly impact your cash flow, limit your ability to meet your own obligations, and, in extreme cases, jeopardise the survival of your business. If you find yourself in this situation, it's important to know your options and the steps you can take to recover the debt. Communicate Clearly and Promptly Before taking any formal steps, attempt to resolve the issue through direct communication. Often, late payments result from simple [...]