Like a finely-tuned engine, a successful and profitable business needs steady cashflow for smooth running. Should that fuel flow drop, even the strongest businesses - which may have been happily speeding along - can soon face breakdown or liquidation.
The Credit Management Research Centre at Leeds University Business School has found that the average SME writes-off £14,000 in bad debt each year. A third of all UK companies cite this bad debt as a direct re...
Read more