United Kingdom: Credit Control and Cashflow

Higher education institutions are under increasing financial pressure, making effective credit control more critical than ever. This article examines the strategic importance of debt recovery in universities and colleges, exploring the balance between robust financial processes and the unique challenges of managing student debt alongside commercial obligations. Discover practical strategies for strengthening cash flow, improving collection rates, and building financially resilient institutions.

The Commercial Payments Bill represents the most significant legislative reform to tackle late payments in over 25 years, proposing sweeping changes to payment practices in commercial transactions. With particular impact on the construction industry, the Bill introduces maximum payment terms, mandates interest charges on late payments, and controversially proposes a complete ban on retention clauses. What alternatives will replace traditional retention arrangements, and how will businesses adapt to these fu

The UK government has introduced the Commercial Payments Bill to combat the £11 billion annual cost of late payments that forces 38 businesses to close daily. The legislation establishes a 60-day maximum payment term, mandates 8% interest on overdue invoices, and empowers the Small Business Commissioner with enforcement capabilities including financial penalties.

Similarly, trying to ascertain the detail of your business performance at a glance could leave you wondering where to start or relying on your gut-feel instead.

As airlines struggle with their revenues and cashflows as a result of the travel slump brought about by the Covid-19 pandemic, Director, Conor Blake examines the impact on aircraft leasing activity...

On 17 March 2020 the Chancellor announced further measures (following those revealed earlier on in his March 2020 budget) including unlimited loans and guarantees to support firms...

Despite doubts about the timing and magnitude of the recovery, UK CFOs have become markedly more optimistic about financial prospects for their own companies.

In the present economic environment all businesses are looking long and hard at market and business operations and considering how they are going to maintain, let alone increase, turnover and profitability.

The current economic environment is increasing pressure across industries and involving all players in the value chain from primary producers to retailers and the many potential intermediaries.