Factoring: Start-ups Have a Funding Shoulder to Lean On

Sema Fongod of explains how factoring can be a useful business tool for start-ups in this difficult economic climate. To be successful in your start-up venture, initial capital investment is the major issue to be focused on. New business owners tend to depend on the banks to raise capital. However, banks and other financial institutions are making life difficult for start-up owners as their credit terms are getting more and more stringent. Start-up capital isn’t just about raising finance to get your business off its feet. It’s also about ensuring a healthy cashflow for meeting the daily operational costs of your business once it’s launched. Where do you raise funds to kick-start your business and provide on-going working capital? Factoring is a funding solution t... »

Late Payment of Invoices (1998)

1. Introduction Updated: Late Payment of Invoices (2002) At is4profit we are committed to offering you valuable advice that will benefit your business practices, your efficiency levels and most importantly, your bottom line. We are a signatory to the Better Payment Practice Group (BPPG), which is a group that was formed in 1997 as a partnership between the public and private sectors. Its aim is to improve the payment culture of the UK business community and reduce the incidence of late payment of commercial debt. Using the Late Payment of Commercial Debts (Interest) Act 1998 as a catalyst for change, the BPPG is implementing a major campaign to raise awareness of the issue. The Late Payment of Commercial Debts (Interest) Act 1998 can make a difference to what you do and why it might make r... »