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ICM and BIS monthly cashflow ‘tip’ to small businesses

25 April 2012

The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Mark Prisk have published their monthly ‘tip’ for small businesses to better manage their cashflow.

“Check out the exact name and legal status of businesses you are supplying. If it’s a sole trader or partnership, the proprietor or partners are personally liable so make sure you have their full details. Businesses can disappear much more quickly and easily than individuals!”

The cashflow ‘tips’ are derived from the series of Managing Cashflow Guides published by the ICM for BIS that have to date been downloaded more than 300,000 times.

For further information, log on to http://www.creditmanagement.org.uk/bisguides.htm