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BizHelp24 Edition No. 19
6
Thursday 2nd August 2007

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August 2007 - Small Business News

 


New Postal Strikes – Small Businesses Paying the Price

Small and medium sized businesses spend millions of pounds on their post every day, and are the ones paying the price as the postal strikes continue. 

Each day on average, over £2million of post is sent by small and medium sized businesses; and the strikes could cause cash flow problems, customer relationship problems, or even the failure of a business if payments or invoices are delayed by even just a few days.

Natalie Evans, Head of Policy at the British Chambers of Commerce, said: “Most smaller sized businesses have no option but to use Royal Mail and collectively spend millions of pounds each day on their post. This series of strikes is doing nothing but cause delay and frustration for those who rely on the postal service and the sooner it is resolved the better."

With strikes continuing until at least the 8th August (with different sites at different times), the problem is not likely to get better anytime soon. You should make sure that customers and suppliers are aware of potential delays, and try to plan ways around the problems (E.g.: Paying directly into a bank account instead of sending a cheque) to ensure your cashflow is affected as little as possible.

The Royal Mail helplines will be operating, but will be extremely busy: 08457 740 740 and 08457 950 950

For more information on deciding which postal delivery company is suitable
for your business, visit our free article “Sending Business Post” here.





 

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BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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