The different types of debt and industry legislation explained
Commercial debt is a debt between two companies, most commonly arising from the purchase of goods or services or from business lending arrangements. While payment terms are often agreed upfront, missed repayments or unpaid invoices can quickly turn outstanding balances into overdue debt that requires formal collections activity.
Ensuring that this debt is minimised via collections activities is an important aspect of maintaining healthy cash flow for both businesses and the UK’s economy.
By completing this module, learners will develop a clear understanding of what commercial debt is, why it arises, and the different forms it can take across business-to-business transactions and financial products. The module builds knowledge of the legal and regulatory framework governing commercial debt, including late payment legislation, reporting requirements and industry standards, as well as best practice expectations for commercial collections. Learners will also gain insight into interest, charges, insolvency options and available business support, equipping them to manage commercial debt confidently, compliantly and effectively, while supporting fair outcomes for both creditors and businesses.
Introduction to the module
Key Information
Cost - up to 10 licences
£55 + VAT per module (member) £75 + VAT per module (non-member)
Cost - more than 10 licences
£45 + VAT per module (member) £65 + VAT per module (non-member)
Length of Module
The module takes approximately one hour to complete.
Activation period
The module is active for 12 months from the activation date
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