Late payment

/Tag: Late payment

Late Payment of Invoices

Small businesses are the backbone of our economy and in the last 5 years, the amount owed to smaller businesses in late payment has more than halved but we want to see payment practices improve even further. Research carried out by R3 earlier this year found that late payment of invoices was the most common sign of business distress among companies in the North East, North West, Yorkshire and Humberside, with more than a quarter (27%) of them saying they were owed payment on invoices that were 30 days past their due date. A 2016 R3 survey of the insolvency [...]

Late Payment of Invoices2019-01-15T11:58:22+00:00

Enforcing Reservation of Title – Cold Comfort or Cash?

In the contract between the supplier and the recipient of goods, there is a specific condition that title or ownership of the goods doesn’t pass to the recipient on delivery or collection (which is the normal situation); it happens only when the goods have been paid for in full.

Enforcing Reservation of Title – Cold Comfort or Cash?2018-08-23T12:20:10+00:00