Small businesses hit hard by commercial disputes
Figures released by the FSB (Federation of Small Businesses) reveal that commercial disputes cost SMEs in England and Wales £11.6bn per year. Nearly 75% of that is due to late payment or non-payment by clients.
Court action on the rise for SMEs
New research from financial data service provider Ormsby Street indicates that more SMEs are being compelled to resort to court action to collect outstanding debts. What's behind this trend, and how will business owners be affected?