An increase in late payments is pushing many UK small businesses close to the edge, as energy bills and wages soar and sales fall.

2021 was a difficult year for businesses with regards to late payment, and the outlook for this year is also looking rather challenging. 

A recent report by The Insolvency Service, details that business insolvency figures have risen 31 per cent from Q1 2021, and by 4 per cent when compared with the same quarter in the previous year.

Robust marketing lists are an essential component to any B2B company’s success. You can’t sell your products or services without contact information for your leads. 

The Information Commissioners Office (ICO) have identified two UK companies who have made almost 860,000 illegal calls between them and have subsequently received fines totalling £270,000. 

https://www.identeco.co.uk/It has been reported that the Financial Conduct Authority (FCA) has begun criminal proceedings against NatWest Group citing that the bank has neglected in its duty under Money Laundering Regulations (MLR) to monitor unusual customer payment activity.

No matter what business you are in, making sure that you get paid for services rendered or your product is the most crucial part of business.

The government has refused to rule out a move to increase corporation tax from 19% to 24% in a bid to recover spend from Covid-19.