SME

Boosting cash flow for Recruiters

The current market conditions due to COVID-19 can be particularly harsh for recruiters, especially those specialising in sectors directly hit by suspension of day-to-day operations. Whilst there may be less new business to be had right now, there are still actions you can take to help cash flow. Collecting invoices already outstanding It’s likely there [...]

Number of UK CCJ’s against businesses up by over 20%

The number of CCJ’s against incorporated businesses rose by 22% last quarter (against the same period in 2018) whilst he average value of each claim reduced by 12% to under £3k. At this level, even if the judgement is paid, the creditor can often end up losing money due to solicitor’s fees and the investment in [...]

2020-03-27T15:17:29+01:00December 19th, 2019|Categories: credit control, Debt, late payment, News, SME|Tags: |

Getting business debts paid quickly and cost effectively

The client in this example is a supplier to the catering sector. One of their customers had run up a debt of over £6,000 then just stopped ordering and communicating. The debtor had run into difficulty with their business, even though our client allowed them some extended credit to help maintain and build a strong relationship [...]

2018-12-04T14:58:26+01:00December 4th, 2018|Categories: Business, credit control, Debt, late payment, Legal, News, SME|Tags: , |

Business Debt Recovery – Debtor stopped responding?

Invoice Value: £25,019.88 for office rental Reason for non-payment: ‘Debtor stopped communicating with client’ Action taken: When making calls to the debtor explaining why the debt was owed, we saw the best way to resolve this debt quickly, we changed the focus of our collection to the guarantor. This then opened up all the communication required [...]

2018-11-22T17:00:51+01:00November 22nd, 2018|Categories: Business, Debt, International debt, late payment, News, SME|Tags: |

Business debt collection made easy

This business debt recovery example comes from where our client was unable to generate a response from their client for invoices that dated back to April. Sterling made contact with the debtor who raised various queries with some invoices but not the entire balance, so working with both the debtor and the client Sterling managed to [...]

2018-11-02T16:38:29+01:00November 2nd, 2018|Categories: Business, Debt, late payment, News, SME|Tags: |

£100k+ overseas business to business debt collection:

Our client based in the U.K. chose to work with Sterling as we proved to have the best relevant international B2B debt recovery experience. Their client/debtor based overseas was not responding to contact and had previously only responded with delaying tactics. The debtor owed a considerable amount of money for completed project work and this required [...]

Recruitment firms using HireChecker are discovering back door placements and collecting fees they didn’t know they had earned.

Since the launch of HireChecker earlier this year at the Recruitment Agency Expo, recruiters using the service are discovering that back door hires are taking place at an alarming rate. A leading Manchester based recruiter managed to discover and collect on 3 back door hires within the first 3 months of using the service. HireChecker is [...]

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!

For over 10 years (since 2007) Sterling has been successfully collecting debts for all kinds of recruitment agencies all over the UK and abroad. With this experience we have developed a special focus on this sector of our business and created a dedicated branch, to work exclusively with recruitment agency clients for best results. You can [...]

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 [...]

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