credit control

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British SMEs are owed more than £586billion in outstanding invoices

The following is an excerpt from a recent report published by Lloyds. Whilst there are an array of invoice financing options open to businesses, they are at a cost and as our clients find, not all invoices are financed - that's when they look for risk free no upfront payment solutions such as debt recovery, to assist [...]

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+00:00October 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+00:00May 6th, 2016|Categories: credit control, Debt, late payment, Legal, News|Tags: , , |

Outsourced Credit Control with Sterling Credit Management

Outsourced Credit Control Our outsourced credit control service has been re-branded. We are happy to invite you to our new credit control website providing information to any SME / business in the UK looking at outsourcing credit control services. www.creditcontrolservice.co.uk If you do regular business with slow paying clients, you are probably spending much more time chasing payments [...]

How a growing business benefits from outsourced credit control

Credit Control Solutions for Every Business Requirement: Challenged with fast business and customer growth, we were approached by this medium sized UK manufacturer with their business needs. One of those being, they wanted the most cost effective, efficient way to manage the increased workload of invoice processing, follow up and order processing, which the growth in [...]

2016-01-14T12:19:13+00:00January 14th, 2016|Categories: Business, credit control, News|Tags: , , , |

Waste sector – Business debt recovery.

Waste sector - Business debt recovery. Our client who operates in the environmental and industrial waste sector had completed a job where they were instructed to remove waste from a building site comprising of heavy mixed waste. The waste was collected and removed, being signed off by the site manager. The MD of the construction company [...]

2015-10-15T15:12:57+00:00October 15th, 2015|Categories: Business, Construction, credit control, Debt, late payment, Legal, News|Tags: , , |