Factoring and Invoice Discounting: Be Wary of Hidden Fees #038

Published on 1 March 2011 by Tony Groom Factoring and invoice discounting (borrowing money against invoices) can be a helpful tool for funding the working capital of a business. While it used to be regarded as a means of borrowing by businesses in financial difficulties, it is now a common source of finance for managing […]

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Do Small Businesses Understand Working Capital and Liquidity? #046

Published on 6 May 2011 by Tony Groom There is some doubt about whether small businesses in particular understand the concept of liquidity. When borrowing against assets, such as the sales ledger using factoring or invoice discounting or plant and machinery finance or property mortgages, there seems to be a widespread misunderstanding among businesses about […]

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Dealing With VAT Arrears and PAYE Arrears #002

Published on 15 October 2010 by Tony Groom Owing Her Majesty’s Revenue & Customs (HMRC) more than £150,000 for overdue VAT and PAYE when your turnover is less than £3 million is not uncommon in 2010. A second, more extreme example of HMRC arrears was a labour services company that owed more than £100,000 having […]

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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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Break Free from Servicing Debt and Invest in Growth #045

Published on 29 October 2011 by Tony Groom  Britain lacks self confidence and suffers from inadequate education, risk averse bureaucrats and unimaginative politicians trapped in the Westminster bubble far removed from the real world. Former CBI chief Lord Digby Jones identifies all these as obstacles to rejuvenating and reforming UK Plc In an extract from […]

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