credit checking for cash flow

Cash Flow – Why Credit Checking Customers Doesn’t Work

Credit Checking Customers? It’s Your Cash Flow  Is pretty common these days for businesses to undertake credit checks on their customers. It is a fairly standard practice and something which is generally recommended when deciding what payment terms to offer after all cash flow is essential and understanding the risks that sit within your debtor
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business premises

Rent to Buy – The Business Advantage

Rent to Buy In the personal borrowing sector, there is a big argument to say that a history of paying rent should be used as proven affordability for the same level of mortgage repayment. Currently, the ability to afford rent is not considered when applying for a mortgage, the criteria and affordability tests are regulated
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balance decisions seesaw

Why Paying More For Borrowing Can Cost You Less

Why paying more for borrowing can cost you less There is a belief among many borrowers that the cost of borrowing should be the primary decision tool when it comes to which lender to use. Whilst price is always a consideration, borrowers do look for other factors such as speed of decision, time to draw
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company credit business rating

Business Credit Report Secrets

Business Credit Report Secrets For many businesses the key to getting a good credit score is to pay your debts on time, service your borrowing and keep within your credit agreements. All pretty standard stuff. The thing most businesses miss is that there are a number of little things which can have an impact on
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millennials running businesses

How Millennials See Owning a Business

Business Ownership For Millennials As someone with a millennial generation daughter I fully understand that the world is seen very different by Generation X than it is through the eyes of the Millennial. I don’t necessarily understand it but I do know that we see things very differently. One of the biggest differences is that
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business financial forecasts

Why You Shouldn’t Stress About Forecasts

Why You Shouldn’t Stress About Forecasts Financial forecasts are something that many business think are both essential and impossible. Lenders will always ask for forecast figures as they want to see how you can afford any lending you are applying for. The problem with a forecast is that it is never correct. Remember Michael Fish? Hurricane?
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HMRC comfort charges

HMRC Comfort Charges

HMRC Comfort Charges This one came up in conversation recently and it is worth highlighting some of the side effects of comfort charges. The case in question surrounded a company director who owed money to HMRC. Their tax position and amount payable had been contested for a couple of years with a final figure being
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