Don’t Write off Debts Owed to your Business
In our News Roundup last week we revealed the worrying fact that a massive 40% of small businesses here in the UK have had to write off debts during the last financial year and don’t actually know the exact sum that they are owed by debtors. A recent survey of more than 700 business owners disclosed that the average business is owed a total of more than £62,000, with 82% of small companies still having balances outstanding from their debtors.
ACM, established in March 2000, continues to be rated as a credit worthy business by leading providers of commercial credit information and is a member of the International Association of Credit and Collection Professionals.