Companies Are Failing to Manage Debt Collection and Credit Terms #055

Published on 1 July 2011 by Tony Groom Many companies are risking their own solvency and ability to carry on trading because they are not managing their debt collection proactively nor are they setting credit terms with their customers. And as a consequence they are suffering from late payments, or worse write off due to […]

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Cash is King When a Business is Facing Financial Pressure #010

Published on 14 November 2010 by Tony Groom A company can be said to be insolvent on any one of four tests: the cash flow test, balance sheet test (negative asset value), an unsatisfied judgement (usually a county court judgement) or an outstanding statutory demand. Of these four the most crucial is the cash flow […]

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