In this episode of Debt Matters, we look at the growing pressure on UK businesses as weaker growth, rising costs and continued insolvency activity create a tougher environment for getting paid on time.

A new UK business update from the Credit Protection Association says firms are dealing with slowing demand, rising wage costs, higher fixed costs and ongoing geopolitical disruption. This is tightening cashflow across the economy and making strong credit control and early action on overdue accounts even more important.

One of the biggest warnings in the update is around business rates. A survey mentioned in the update says upcoming business rates changes could put up to 340,000 firms at risk, especially in retail, hospitality and leisure. For anyone involved in collections, that matters because when fixed costs rise sharpl ...