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Customer not paying for construction work
Are you having issue with late payments or a customer not paying for construction work? According to MBH Corporation new research shows SME bosses are concerned that access to finance will become much more difficult over the next three years as they continue to grapple with the challenge of late payment of invoices. MBH Corporation’s...
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Customer not paying invoice
According to Construction Enquirer, reforms to the Prompt Payment Code covering small companies comes into play today requiring payment terms to be reduce from 60 days to 30 days.   To conform with these firming up of the rules, businesses will need to show they have paid 95% of invoices from firms with fewer than...
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Customer not paying invoice?
Customer not paying invoice? Here are the 12 most common excuses At CRS our team of endorsed debt recovery specialists strive to maximise the full potential of recoveries on every case. Of course, we’ve heard our fair share of excuses along the way. We are Construction Debt Specialists with a proven track record and have...
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Not quite “Viv Nicholson”, (younger readers – that is anyone less than 50, might have to “Google” this!) but Chancellor Rishi Sunak has announced his plans for a 37% increase in capital spending, next year, to help the UK recover from the deepest economic crisis in any living lifetime. “Our economic emergency has only just...
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Debtors Won’t Pay
This phrase, erroneously attributed to Benjamin Disraeli and occasionally used by the American Author Mark Twain, is used to describe the persuasive power of statistics to bolster a weak argumentative position.   Last week, in America, the fallacy of the phrase was exposed when, refusing to accept the will of the American People, President Donald...
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changes to vat in construction
Prepare for changes to VAT in construction. Sweeping changes to VAT in construction are set to be made that will significantly impact the construction industry from the 1st October 2019. A “reverse charge” is being introduced that will change who is responsible for VAT provisions in relation to the supply of construction services, in particularly...
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Debts in Balance Sheet
Are you experiencing Bad Debts in Balance Sheet? This blog may help shed some light on your situation.
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customer not paying for building work
“The customer is always right” is often used as an excuse for non-payment but this is incorrect. The customer is not always right, here is why.
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