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How to start a swim school

Where there are children, there is always demand for swimming lessons. Swimming is an important skill for all children, as it gives them confidence, a love for physical activity, and a sense of safety around water. Not only this, but swimming is a fun social activity, around which swim schools can foster a great community […]

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Gym marketing 101: top tips for improving your strategy

With fitness and overall wellness becoming increasingly trendy, there seems to be more people than ever before signing up for a gym membership. In fact, the UK fitness industry is booming at an estimated market value of £4.5 billion. There’s no denying the fact that the fitness market is a little crowded. There are so […]

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What’s the difference between cash flow and profit?

Cash flow and profit are crucial metrics for keeping track of your income. But the two are not synonymous. One is intended to help drive careful business decisions whilst the other is rooted in sales and targets. Getting profit and cash flow confused can have catastrophic and irreversible consequences so it’s important to get it […]

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Direct Debit collections for nurseries – the ultimate guide

Last year, UK small business faced a whopping annual bill of £6.7 billion because of late payments. But it was nurseries who particularly felt the pinch. Then and now, an unprecedented number of nurseries are being forced to shut their doors, faced with unsustainable cashflow insecurities. The challenge? Difficulties in getting parents to cough up […]

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What is Direct Debit reversal?

A Direct Debit reversal takes place when a customer disputes a payment and the money is returned back into their account. Unlike an ‘insufficient funds’ or ‘account closed’ bounceback, a Direct Debit reversal can only take place after a transaction has already occurred. The Direct Debit Guarantee The Direct Debit guarantee is a set of […]

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A guide to advance notice for Direct Debits

Advance notice is one of the fundamental protections afforded by the Direct Debit guarantee. It ensures that you provide your customer with a notification when: They’ve signed a Direct Debit mandate Payment changes are made to the account Date changes are made   Failing to provide advance notice will put you in breach of the […]

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Bacs processing calendar 2019

Bacs have released their processing calendar for 2019, giving organisations the info they need to plan Direct Debit transactions around holiday periods. The greyed-out boxes show the non-input and non-processing days. On these days, Direct Debits won’t be processed, so you will need to allow more time for Direct Debit transactions or organise your Direct […]