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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 [...]

2019-12-19T16:34:25+01:00December 19th, 2019|Categories: credit control, Debt, late payment, News, SME|Tags: |

Corporate lettings debt collection

Benefits of cooperation with Sterling One of our long term clients, a serviced office space provider, uses our service as their next step if their customers fail to make payment beyond final demand stage. Having a reliable partner to call on when a debtor refuses to pay has proven to work well as a bolt on [...]

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: , |

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 [...]

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+01:00December 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+01:00December 19th, 2017|Categories: Business, credit control, Debt, late payment, News, Outsourcing, SME|Tags: , |

Bank of England raises interest rate to 0.5%

Interest rates rising 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 [...]

2017-11-02T13:20:25+01:00November 2nd, 2017|Categories: Business, credit control, Debt, late payment, News|Tags: |