The difficulties in chasing invoices in Scotland
Scotland has the worst late payment record in the UK according to the Paul Hopkins and Kenny Richmond of Scottish Enterprise. In a report covering business activity north of the border they said that in 2015 there was £1.8m in unpaid invoices with 67 percent of firms hit by late payment.
Asset strippers ready to move in on struggling firms
According to the trade journal Print Monthly there are a long list of printers currently in administration some of which are trading whilst others have shut up shop completely.
Questions over publishing company
ICSM’s Ian Carrott has said there are questions to be answered over Black Dog Publishing’s demise following the firm’s collapse.
ICSM warn against getting in too deep with clients
Print Week have reported on the collapse of Henna Press in Watford – a situation created by FT Solutions failing to pay on time according the publication’s website.
Beware the Lazarus debt collectors: they’re back and trying to rip you off
They are back: the Lazarus debt collectors who fleece unsuspecting clients who believe they will recoup bad debts. The conmen go through the Official Receiver’s lists of creditors owed money when a company goes bust and then approach a creditor to promise they can recover all their money – for a fee.
Runners and Riders list: firms who have hit the buffers
ICSM's list of print (or print related) firms who have hit the buffers is of interest to those in the business. It shows the range of companies that go to the wall as well as flagging up names across the country who have problems. To protect your company from a bad debt join ICSM as our intelligence network through our members acts as an early warning system.
A very unusual company name (perhaps someone fell asleep on their keyboard)
There have been some unusual names listed at Companies House over the years but we did have a chuckle at this one when it was flagged up.
The name is: SDTVDHIOGDRDGTUBFIYTFFYIHGITRRUOJGDTUBXOUTVDSITDDBGRY LIMITED
Printers take a hit as Jamie Oliver Italian Restaurants close
A dozen Jamie Oliver Italian Restaurants are closing down after the business went into administration with debts of almost £10m.
The news has left a number of print industry companies as unsecured creditors including ABC Imaging UK, KD Media publishing, KK Balers, Harper Collins Publishers and Haymarket Media.
More than a quarter century of policing late payers
With the numbers of print firms offering 90 to 120 days credit and more to large clients it is no surprise that every now and then they take a hit. And one bad debt can send them down. The excuse of ‘the cheque is in the post’ is still alive and well despite the fact many businesses don’t even own a cheque book.