As a result of such financial implosions, SMEs have turned to non-recourse financing, which not only protects them against bad debt, but also gives them 100% cover on their invoices.
Traditional credit cover offers only 80% to 85% cover, according to Close Invoice Finance, a division of merchant bank, Close Brothers Group, which provides financing services to SMEs.
According to Jane Seymour, managing director of Close Invoice Finance, non-recourse financing gives the client automatic protection ‘for the cost of half-of-one-percent of turnover’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.