In my previous article I outlined some key tips on how to spot cash flow issues before they become a serious problem. As useful as I hope that is, it begs the question as to what processes and techniques businesses should employ to manage that in practice. So here is …
Claiming Late Payment Interest and Compensation
The Late Payment of Commercial Debts (Interest) Act 1998 has two purposes. Firstly, to compensate creditors for the late payment of debts. Secondly, to deter late payment. It only applies to the commercial supply of goods and services where you don’t have a provision for interest in your Terms of …