Here you will find the latest news from Ko-bolt and the wider industry together with information on how you can tackle late payment and reduce bad debt.
Unfortunately late payment is a problem faced by businesses of all shapes and sizes everyday, and the current economic environment is only making things worse. You may be following all of the strategies we’ve mentioned in earlier blogs, but customers
Commercial Fraud is on the rise and the annual cost to the UK economy is estimated to be £190bn per annum (according to the National Crime Agency). Criminals are very good at fooling even the most seasoned credit manager and
It’s no secret that United Kingdom has a poor payment culture. 62% of small businesses have been subject to late or frozen payments in the wake of COVID-19, according to a report published by the FSB. A commercial debt recovery
“What started as a hobby turned into 3 months worth of writing the epitome of credit management.” During the Christmas break of 2020, I was thinking about COVID-19’s impact on the economy and particularly cash flow. I can trace that
According to data from Red Flag Alert, UK bad debt is set to spike following the recent restrictions imposed and rise further in 2021. According to an article by Red Flag Partner, Mark Halstead, it’s likely that economic disruption caused
On average, larger business wait 53-55 days for payment. While SMEs wait, on average, more than 60 days to get paid. Could your business afford to wait this long for payment? Unlike larger companies and corporations that may have the
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