11 12, 2017

December 2017 – Newsletter

2017-12-11T12:27:39+00:00 December 11th, 2017|Categories: News|

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How does the Bank of England interest rates effect you?

The Bank of England raised interest rates on 2nd November 2017 from 0.25% to 0.5%.

This will effect you in 2 ways:-

  1. On business loans you may be paying a slightly higher rate of interest

27 09, 2017

New Pre-Action Debt Protocol – In Force 1st October 2017

2017-09-27T10:27:18+00:00 September 27th, 2017|Categories: News|

New Pre-Action Debt Protocol

From 1st October 2017 creditors will need to comply with the new Pre-Action Debt Protocol.

Who does the Protocol apply to?

The Protocol applies to

“any business (including sole traders and public bodies) claiming payment of a debt from an individual (including a […]

25 09, 2017

September 2017 – Newsletter

2017-09-25T08:30:58+00:00 September 25th, 2017|Categories: News|

Instructing Lane and Co:-

Before instructing Lane and Co You MUST – know your customer.

If uncertain – ask for a letterhead – their legal status must be indentified – we proceed on the information you send us.

Different legal entities (the capacity in which they trade) have different rules / regulations under which they must be treated.

When […]

28 06, 2017

June 2017 – Newsletter

2017-06-28T09:33:07+00:00 June 28th, 2017|Categories: News|

Check out your prospective Clients’ payment practices before engaging in business with them

According to ‘UK Debt Collection News’ – UK Tradespeople are owed over £30 Billion in unpaid debt.

The National Federation of Builders has identified that over 30% of late payments are within the construction sector, resulting in £30 Billion being owed to small and […]

18 05, 2017

May 2017 – Newsletter

2017-05-18T10:36:05+00:00 May 18th, 2017|Categories: News|

More changes are coming –

The Good News is – Business to Business debt recovery will not be affected

The Good News is – For Businesses recovering debts from Individuals / Sole Traders, Lane and Co is working for you 

In October a new Pre – Action Protocol comes into force (This updated Pre Action Protocol will apply […]

21 03, 2017

Recovering a Trade Debt – Your Options

2017-03-21T12:32:38+00:00 March 21st, 2017|Categories: News|

When your debtor doesn’t pay, what can you do?

When trying to recover a fairly modest trade debt from a company a business does have a number of different options to consider…..

 

 

 

Court Proceedings

There are a number of points the business should consider before starting court proceedings:

  • Have you […]
16 03, 2017

March 2017 – Newsletter

2017-03-21T08:39:25+00:00 March 16th, 2017|Categories: News|

Bank your cheques promptly ….

Although the use of the cheque seems to be diminishing with new technology enabling electronic transfers, standing orders and direct debits there are still a large number of businesses that rely on ’The Cheque’.

The Payee (receiver of the cheque) must recognise that the cheque itself is only the ‘promise to pay’ […]

14 02, 2017

February 2017 – Newsletter

2017-02-14T11:12:58+00:00 February 14th, 2017|Categories: News|

Property Litigation News

Changes to S21 Notice Procedure

Landlords of residential let properties please take note.

A number of changes to Section 21 possession claims are brought in after 1st October 2015 under the new rules in the Deregulation Act 2015.

Any new Assured Shorthold Tenancy (AST) in England starting on or after the 1st October 2015 will require […]

14 02, 2017

Email and Internet Risks

2017-02-14T11:06:23+00:00 February 14th, 2017|Categories: News|

 

This highlights the risks all employers and employees should be aware of when using email and the internet at work, sending work related emails or discussing the workplace on the internet.

 

 

Reputational risks

What you write in emails or on the internet could seriously damage your own or […]

3 01, 2017

January 2017 – Newsletter

2017-01-31T21:57:57+00:00 January 3rd, 2017|Categories: News|

2017 – New Year – New Procedures – Reduce your bad debts

Having good Credit Control Procedures can make the difference between the success or failure of a business.

Start the New Year with a look at how you run your credit control.

Do you……

Know who your customer is:-

  • Are they a Sole Trader, Limited Company, Public Limited Company?
  • Have […]