Debt

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Major international recruiter integrates Sterling’s Debt Recovery service into their credit control process.

A major international recruitment company was struggling to keep on top of their outstanding invoices. The credit control department were spending too much time on older debts, distracting them from the main ledger, slowing down payments and affecting customer relationships. After testing Sterling’s commission only debt recovery service the recruitment firm decided to add the service [...]

Sterling wins ‘Best Business Support Company of the Year’ in the Recruitment International Industry Supplier Awards 2018!

Sterling Debt Recovery has been collecting debts for recruitment agencies since 2007. Since then the sector has become a special focus of our debt collection business, with some of our collection agents dedicated solely to collecting for recruitment agency clients. You can read more about our services to the recruitment industry on our dedicated site www.recruitmentdebtcollection.com The [...]

Effective overseas business debt collection

A small sized technology company based in the UK recently engaged us when their customer failed to pay an invoice at the value of £4k. Their customer was based overseas, and communication had broken down when the payment had become overdue, and was frustrating and very time consuming for our client to deal with. Our debt [...]

Debt collected for UK fashion re-seller – Sterling Debt Recovery

A UK fashion re-seller company recently informed us of a customer who was failing to pay invoices at the value of £2.5k. There was a lengthy chain of promises made by the customer that the overdue invoices would be paid; however, they were not. Our debt recovery team advised the debtor to pay plus to pay [...]

2018-03-02T13:01:53+00:00 March 2nd, 2018|Categories: Business, Debt, late payment, News|Tags: , |

International debt – Sterling Debt Recovery

International debt recovery - multiple debts linked to same Director. An international virtual office company passed us debts from four of its branches. We established that a number of the debts were linked to the same director, and after discussions with our client found that a director’s guarantee was in place, despite him resigning from one [...]

HireChecker launches at the Recruitment Agency Expo in London

HireChecker is Sterling Debt Recovery’s software system which can be used by recruitment agencies to track down back door hire placements. HireChecker imports your data of candidates and companies you have submitted them to, then searches numerous sources and data-points to ascertain whether the candidate has been engaged, i.e. a back door has occurred. The system checks the [...]

International recruitment debt collected

An international recruitment company recently passed us a £53.5k debt owed by one of their customers consisting over several invoices. The invoices were dating back as far as 6 months and there was a dispute over payment terms between our client and their customer, tied in with the debtor appearing to have cash-flow problems. Our debt [...]

2018-01-16T12:37:43+00:00 January 16th, 2018|Categories: Business, Debt, late payment, News, Recruitment|Tags: |

Meet us at the Recruitment Agency Expo 2018 – London – 31st Jan – 1st Feb

We look forward to meeting our existing clients, and anyone who has an interest in discussing how we can assist their business. Please use our contact us form to get in touch beforehand and schedule a meeting or just visit us at the expo, stand C5.

A third of payments to small businesses are late !

The government has today (20 December 2017) launched the complaint handling service of the Small Business Commissioner to ensure fair payment practices for small businesses. This follows the appointment of Paul Uppal to the role of Small Business Commissioner.     source: https://www.gov.uk/government/news/government-launches-small-business-commissioner-to-help-small-firms-resolve-payment-disputes

2017-12-20T16:13:12+00:00 December 20th, 2017|Categories: Business, credit control, Debt, late payment, News, SME|Tags: , |

‘protecting client relationships’ is the most cited reason for not chasing late payments…

The UK currently has the highest proportion of invoices that are paid late, with 9% written off as bad debt. Alan Laing, United Kingdom & Ireland Managing Director at Sage, said, “In 2017, it is totally unacceptable for 18% of all payments paid to Small and Medium businesses to be paid late. Entrepreneurs rely on low [...]

2017-12-19T12:40:26+00:00 December 19th, 2017|Categories: Business, credit control, Debt, late payment, News, Outsourcing, SME|Tags: , |