UK businesses are chasing bigger commercial debts. Research by Lovett Plc found that the average commercial debt being chased for payment rose by 40 percent in the first quarter of 2010 when compared with the fourth quarter of 2009. This suggests businesses are prioritising more significant debts. But the debt recovery firm is warning that stringent debt management is still needed. Charles Wilson, Chairman and Managing Director of Lovetts says “It is vital that companies chase up the large outstanding payments, but by ignoring the smaller ones, there is a danger that these sums will soon accumulate, putting cash flow at risk”
UK Firms chase bigger debts
April 20, 2010 By
