Terms in place, candidate introduced and employed. And you’re still spending time chasing the overdue fee?
Terms negotiated, candidate introduced and employed, payment for the placement not received within terms and the debtor still expects a rebate when you chase them for payment??? Sound familiar? Here’s a look at a situation we’ve dealt with recently which didn’t cost our client anything upfront, no win – no fee commission debt recovery basis. […]
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 […]
A Quick Turnaround – Recruitment Debt Success Story
Our client, a large recruitment consultancy firm, had spent months chasing payment from a debtor who had made it clear they had no intention of paying what they owed. Sterling were passed the debt to collect, invoice value £19k. After speaking with our client to gather the required facts, clearly understand their process, the candidate […]
Bank of England raises interest rate to 0.5%
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The […]
Small business commissioner – Late payment Tsar appointed
The appointment of the father-of-three from Birmingham marks an important step toward ensuring small businesses have the support they need to thrive and grow – a central tenet of the Government’s Industrial Strategy. As Commissioner, Mr Uppal will lead an independent office tasked with empowering small businesses. The role will be crucial to supporting small […]
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 […]
The use of well managed outsourced credit control maintains cash flow and reduces the need for debt recovery
The service is carried out entirely in your brand by your named experienced credit controller(s). Whilst many of our competitors use remote workers, all of Sterling’s staff work from our service centre under a team leader and service manager. Cover for absence is provided in each team so the service runs each week consistently without […]
Duty To Report – tackling late payment
We can assist you collecting late payments from your clients, the penalties which the debtors may incur should deter them from doing so again. Don’t leave late payment too late before reacting. Cash flow problems as a result of not acting quickly can seriously damage your business. Keeping a tight rein on invoice collections from the […]
Scale-Up Taskforce to identify barriers to small business growth is launched
A ‘scale-up’ is an enterprise that is experiencing significant growth rates in employees and turnover, over a number of years. By examining scale-ups, the taskforce’s aim is to increase the number of businesses maximising opportunities available to achieve their full growth potential, which will in turn feed into the government’s Industrial Strategy. Small Business Minister […]
Sterling have been providing service to a London based Insurance broker firm since 2015 and can tailor a programme to suit your precise business needs too.
Working capital optimisation continues to be a top priority for insurance brokers. Finance executives aim to bring down SG&A costs, thereby reducing the cost of processing per contract. Most brokers hold a continuous improvement goal, driving them to find ways to eliminate unneeded waste in back-office operations. Back-office operational tasks especially phone calls, emails and […]