International debt

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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 [...]

Global Insolvency Predictions for 2020

Euler Hermes are predicting a further rise of +6% in global insolvencies for 2020 with business failures rising for the fourth consecutive year. The combination of the low pace of economic momentum, mainly in advanced economies and in the industrial sector, and the lagging effects of trade disputes, political uncertainties and social tensions, will keep companies [...]

2020-03-27T15:17:16+01:00January 10th, 2020|Categories: Business, Insolvency, International debt, News|Tags: |

International Debt Recovery

The debtor stops responding: Although the benefits of expanding your business internationally are obvious, how does one deal with overseas debt and debtors? International debt collection may prove challenging if the debtor believes he is beyond your reach. Despite a stringent approach to credit control our client, an international payment services provider, had been unable to [...]

2019-05-08T09:37:23+02:00May 8th, 2019|Categories: International debt, News|Tags: , |

Recruitment Debt Collection Ireland

Customer refuses to pay: Recruitment debt collection is an area in which we specialise. In this update we look at the collection of a debt for one of our clients an international recruitment company whose head office is in the UK. They had correctly formed a contract with their customer and went on to successfully introduce [...]

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: |

£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 [...]

International recruitment placement fee debts and getting them paid.

Our recruitment sector debt collection staff had a great result for a London based recruiter who contacted us recently after hearing about us through social media. Our client had a debtor based in Spain they thought they’d try our service with. They had literally written off collecting a settlement from the ex-client of theirs who had [...]

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 [...]