Late payments continue to challenge SMEs, impacting growth and stability, necessitating effective strategies for resolution to ensure financial health.
Unlike traditional accounting, construction accounting requires a tailored approach due to unique challenges like project-based structures, fluctuating costs, and complex long-term contracts.
Short-term loans facilitate immediate financial resources for businesses, essential for managing cash flow fluctuations and unexpected expenses, allowing for rapid decision-making without long-term debt commitments.
Today's company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025.
