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benefits of offering trade credit and how to mitigate risk

The Benefits of Offering Trade Credit & How To Mitigate Risk

Offering trade credit can bring a huge boost to your business! In today’s business landscape, companies are constantly seeking ways to attract and retain customers while maintaining a steady cash flow. One effective strategy that accomplishes both goals is offering trade credit. This is an arrangement where businesses extend credit to their customers, allowing them …

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Maximising Cashflow: Enhancing Your Credit Control Process

Blog / By Lynne Darcey Quigley

Effective credit control is crucial for maintaining a healthy cashflow and financial stability. By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. In this article, we will explore strategies to optimise your credit control process, helping you maximise cashflow! …

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UK Company Insolvencies Will Continue Upward as Rising Interest Rates and Cost-Of-Living Crisis Puts the Squeeze on Debtor’s Funds

News / By admin

With the number of registered company insolvencies at 1,685 and 183 compulsory liquidations in April 2023 – nearly twice the number in April 2022 – the pressure on UK SME cashflow remains very real. This is according to Lynne Darcey Quigley, Founder & CEO of Know-it. “The headline figure issued by the Insolvency Service this week for April appears …

UK Company Insolvencies Will Continue Upward as Rising Interest Rates and Cost-Of-Living Crisis Puts the Squeeze on Debtor’s Funds Read More »

UK Company Insolvencies Will Continue Upward

News / By admin

With the number of registered company insolvencies at 1,685 and 183 compulsory liquidations in April 2023 – nearly twice the number in April 2022 – the pressure on UK SME cashflow remains very real. This is according to Lynne Darcey Quigley, founder & CEO of Know-it. “The headline figure issued by the Insolvency Service this week for …

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Scottish Startup Know-it Reaches National Audiences With New STV Ad Campaign

News / By Lynne Darcey Quigley

Glasgow-based fintech Know-it has launched a new national TV ad campaign in partnership with STV. Having won the prestigious Startup Summit award, Know-it were awarded airtime on STV to reach a national audience on primetime television. Know-it is a cloud-based credit management platform that streamlines the complete credit control process, enabling users to credit check …

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Team Know-it Hit London For Accountex

News / By Lynne Darcey Quigley

Team Know-it have just returned from an amazing trip down to Accountex London! We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow. Are you an accountant? Know-it helps accountants and bookkeepers better serve their clients by …

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Effective Strategies For Managing Credit Risk In Your Business

Blog / By Lynne Darcey Quigley

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Understanding how much credit risk a business could pose to you is critical if …

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The Alarming Trend of Rising Company Insolvencies

Blog / By Lynne Darcey Quigley

Company insolvencies continue to climb steeply March monthly insolvency statistics reveal. 2,457 businesses in England & Wales entered liquidation, an increase of 16% year on year. In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture. 2,115 CVLs …

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Reducing Debtor Days To Maximise Cashflow

Blog / By Lynne Darcey Quigley

Reducing your debtor days is fundamental to maximising your cashflow! Since you’re here reading this article we suspect you’re having issues with not being paid on time. You’re not alone. Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment, and 25% reporting increased instances of late payment in …

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Is There Cash Hiding In Your Sales Ledger?

Blog / By Lynne Darcey Quigley

Is there cash hiding in your sales ledger? With rising interest rates and soaring numbers of company insolvencies , businesses are getting hit, hard! For one, a rise in interest rates means loan repayments will increase, it may be more difficult to be approved for funding and businesses will typically have less cash to spend. …

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