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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]