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 […]
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 […]
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
‘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 […]