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Six top tips to keep the cash flowing

Catherine Rickett
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Trying to keep a continuous cash flow when running a small to medium enterprise is incredibly hard. You are often so busy trying to find and retain valuable staff members, attracting and keeping clients, and dealing with all of the bureaucracy that...

Four key ways to recover your debt

Catherine Rickett
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You’ve issued proceedings and have secured judgment against your debtor, but how can you actually get your money back? Here, we consider four different methods of enforcement and how being more aware of the situation your debtor is in can help you...

Jeddi v Sotheby's and others: a reminder of the risks of oral agreements

Emily Kelvey
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It is an all too familiar narrative starting with a person claiming to have fallen out with a business partner, supplier or contractor and not knowing what to do next. It inevitably turns out that neither party saw the need nor had the inclination to...

Prevention is better than the cure when it comes to debt recovery

Catherine Rickett
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Whilst some current issues are out of everyone’s control, i.e. Brexit, what is vital in this difficult time is having a sound credit control system. We understand that you may have had the same clients for years, and agreements may well be...

GDPR: what you need to know

Julia Seary
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The General Data Protection Regulation (GDPR) is new legislation which will impact nearly all organisations across Europe from 25 May.  The regulation has been introduced in order to strengthen current personal data privacy laws and put all European...

Companies House gets tough with PSC non-compliance

Emily Kelvey
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In its recently published 2018-2019 Business Plan, Companies House has set out its robust approach to companies not complying with their Persons with Significant Control (PSC) requirements. Since June 2016 UK companies have been required to hold an...

Are you GDPR ready?

Julia Seary
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The General Data Protection Regulations (GDPR) come in to force in May 2018 and, despite the fact that they have been widely publicised since 2016, a recent survey identified that only 7% of business felt they were ‘very prepared’ for the...

Interest rate increase - what it means for debt recovery

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On 2 November 2017 the Bank of England reversed the drop in interest rates which came into effect on 2 August 2016. This means the base interest rate is back up to 0.5%, a level first introduced in March 2009. What does this mean for your entitlement to...

Farmers benefit from diamond decision

Julia Seary
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The Commercial Agents (Council Directive) Regulations 1993 was implemented to clarify and protect the rights of commercial agents who engage with principals to sell products on their behalf.  Generally, commercial agents have the right to a compensation...

Pre-Action Protocol for Debt Claims

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Pre-Action Protocol for Debt Claims will come into effect on 1 October 2017 This Protocol applies to any business (including a sole trader or public body) claiming payment from an individual (including sole traders) and describes the conduct the court...

The risks of being a sole shareholder/director

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The risks of being a sole shareholder/director: Court provides a timely reminder of the need to review your company’s Articles of Association Are you a sole shareholder/director of your company? Do you have children, other family members or trusted...