Trading overseas can be lucrative, but it also carries increased risk of late payment or debt default. How do you manage that risk and maximise your chance of getting paid what you’re owed?

Despite having a huge turnover and good cash flow, many large companies persistently fail to pay suppliers on time. So, how do you chase a debt effectively when you’re dealing with big business?

Sustained financial pressure is changing the way that debt affects businesses and consumers. With interest rates rising higher than they have been for many years, the construction sector in particular faces a tough time. It’s more important than ever for your business to keep a tight rein on debt and maintain positive cashflow.

Having to chase an overdue debt can be frustrating enough. But when you hear a poor excuse for the delay, it can be really difficult to keep your cool. Here’s our pick of the most common reasons given for non-payment and how to respond.