1 Comment

• Comment Link Monday, 01 August 2011 08:44 posted by Tim Meadows-Smith

  I work as a business doctor, helping companies that are in diistress to save their business. In the companies we meet right now sales are down but that is manageable, creditors are stretching terms but that whilst that is expensive it is not a disaster. Quite often the real trouble begins when one or two customers fail to pay their bills and go under. If you make a net margin of 10% these days that's good, so to recover from a £1,000 bad debt you need to make an extra £10,000 in sales. It is just too hard.
  Some of our clients, successfully saved now use CMS to collect their invoices routinely, the earlier cash collection simply pays the CMS fees and everyone is happy.