The estimated underlying liquidation rate in 2018 was 1 company liquidation per 249 active companies, up from 1 in 264 in 2017. This is a sobering statistics for small businesses. The fact is that most enterprises fail as a direct result of bad debt and cash flow issues. And when added to the continuing uncertainty of the current economic climate pre-Brexit, it has become more important than ever for organisations to make credit control their top priority.  

Cash is the lifeblood of any organisation, so it must be treated as such. So with that in mind here are some top tips from LATERAL to help you become more vigilant and thorough when it comes to credit control within your organisation.