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How to avoid the risks of upfront payment for recovering a debt

This recent client highlights an important point which is often overlooked when a company requires assistance with recovering a payment from a debtor. Our client had tried collecting a payment owed to them using a debt recovery solicitor firm who offered sending a free letter to the debtor. The debtor did not respond to the letter. [...]

2017-12-08T12:20:02+00:00 December 8th, 2017|Categories: Business, Debt, late payment, Legal, News|Tags: , , |

HIRABL closes for business, Sterling develops their own backdoor hire discovery system.

After 4 years of promotion HIRABL was well known in the recruitment sector, however the business has now closed with CEO Nick Ellis stating “Monitoring for backdoor hires is a valuable service for recruitment agencies, but ultimately a niche business that did not warrant venture capital investment. As a result, we’ve decided to wind down and [...]

Pre-action Protocol for Debt Claims

Aims of the protocol and who it applies to: On 1st October 2017 it became a requirement for any business including sole traders and public bodies, to adhere to a new Pre-Action Protocol for debt claims. This means that all businesses must carry out a stringent process prior to submitting a legal claim for an outstanding [...]

Small Business Minister & Prompt Payment

New measures to support the Prompt Payment Code have been confirmed. New measures to support the Prompt Payment Code have been confirmed in a letter sent to signatories of the code from Small Business Minister, Margot James and Philip King, Chief Executive of the Chartered Institute of Credit Management (CICM). More than 1,800 firms are signed [...]

2016-10-03T12:38:41+00:00 October 3rd, 2016|Categories: Accountancy, Business, credit control, Debt, Legal, News, Outsourcing|Tags: , , |

Businesses and individuals seeking money owed to them are being priced out of court

Businesses and individuals are being priced out of court, warns the Bar Council, as figures from the Registry Trust show a 19 per cent drop in county court judgments against businesses in the first half of 2016. Chairman of the Bar, Chantal-Aimée Doerries QC, said: "The courts risk becoming out of bounds for many as the [...]

Recruitment Consultancy Debt

Short look into a recent recruitment consultancy debt successfully collected for our client. An attempt to get out of a clearly undisputable Permanent Placement Fee went sour for yet another debtor this week when they ended up paying our clients full invoice amount + late fees + interest and debt recovery fees.. Special conditions were nulled [...]

Enterprise Act becomes law, but when will it really help small firms resolve issues such as late payment?

The Enterprise Act includes measures to: - establish a Small Business Commissioner to help small firms resolve issues such as late payment - include the actions of regulators in the government’s £10 billion deregulation target and increase transparency through annual reporting requirements - extend the successful Primary Authority scheme to make it easier for businesses to [...]

2016-05-06T09:08:40+00:00 May 6th, 2016|Categories: credit control, Debt, late payment, Legal, News|Tags: , , |

Online Court for claims up to £25,000

In a press summary published at www.judiciary.gov.uk refering to online court claims, the following statement was made.   There is a clear and pressing need to create an Online Court for claims up to £25,000 designed for the first time to give litigants effective access to justice without having to incur the disproportionate cost of using [...]

2016-02-25T16:53:52+00:00 February 25th, 2016|Categories: Debt, late payment, Legal, News|Tags: |

Recoverable costs to be fixed?

Bar Council Chair Chantal-Aimée Doerries QC has responded to Lord Justice Jackson's speech on 28 January 2016 to the Insolvency Practitioners' Association, Fixed Costs - The Time has come, calling for recoverable costs to be fixed in all claims valued at up to £250,000. She said: "We look forward to reviewing Lord Justice Jackson's proposals in [...]

2016-02-12T12:10:42+00:00 February 12th, 2016|Categories: Business, Debt, Insolvency, late payment, Legal, News|Tags: , |

Business translation debt.

Translation debt testimonial: One of Sterling's long term client's comments below on how money is effectively collected on their behalf for a translation debt owed by their clients. We have been using Sterling Debt Recovery for several years. I found their communications very effective. Many times when I heard a story from a client and went [...]

2016-01-21T15:07:55+00:00 January 21st, 2016|Categories: Business, Debt, late payment, Legal, News, Outsourcing, Translation|Tags: , |