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Entries from September 2016

71% of SMEs Fail to Credit Check Their Customers

Sarah Bean - Wednesday 21.09.17, 16:19pm

Over 70% of SMEs are exposing themselves to increased risk of late or non-payment by failing to credit check their customers, according to new research by Experian. The survey of nearly 700 UK small businesses found that 71 % did not check their customers’ credit status, 39 % didn’t know what a credit score was, [...]

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Tags: credit control

Financial Advisers Challenged To Be More Flexible

Sarah Bean - Friday 02.09.17, 22:22pm

Research by RSM Tenon has found that only just over half of UK entrepreneurs would consult an accountant or professional adviser when they are in need of financial guidance.
The RSM Tenon Business Barometer, a quarterly survey of senior management in SMEs, found that of those surveyed 13% would turn to their peers for advice, 5% [...]

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Tags: Financial Advice