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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 [...]

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 [...]

2020-03-27T15:17:29+01:00December 19th, 2019|Categories: credit control, Debt, late payment, News, SME|Tags: |

A County Court Judgment doesn’t guarantee payment

Collecting a debt after legal action taken and enforcement failed In a case this month a new client came to us in a last ditched attempt to get their debt paid. They had already taken legal action themselves using Money Claim Online and had been successful in so far as they were awarded default judgment, but [...]

2019-06-06T16:01:50+02:00June 6th, 2019|Categories: Business, Debt, Finance, late payment, 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 [...]

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 [...]

Recruitment Debt Recovery – dealing with late paying customers

Recruitment sector debtors Every business has heard of cash flow, cash flow problems, late-payment and most have experience of all of them at some point. When you are a recruiter, as many of our clients are, you are supplying staff which are the life and soul of your customers business - it’s a delicate situation which [...]

2019-03-19T15:29:22+01:00March 19th, 2019|Categories: Business, Debt, late payment, News, Recruitment, Uncategorized|Tags: |

Professional business debt recovery – Accountant vs Client (debtor)

An accountancy firm who had been reluctant to use debt recovery before wanted to be guided through our business debt recovery process and to know what to expect along the way. As with any business decision, engaging a debt collector can seem daunting at first. Partners in accountancy firms are particularly cautious when it comes to [...]

2019-02-01T14:24:11+01:00February 1st, 2019|Categories: Accountancy, Business, Debt, late payment, News|Tags: |

Business Debt Recovery for SME’s – doing it yourself

Business as usual until… You own a business and your customers pay you mostly within the payment terms, but sometimes they don't and there are slightly overdue invoices. But so long as they do pay and it’s within reasonable time, your business relationship with them goes along smoothly. Then a late paying customer case is brought [...]

Managing debtors in the recruitment sector

The debt and how it occurred One of our long term clients in the recruitment business came to us with amounts owed to them totalling almost £43,000. The total amount, consisting of many invoices from a customer of theirs who had previously paid on time and had never given any cause for concern, had accrued over [...]

2018-12-21T15:28:02+01:00December 21st, 2018|Categories: backdoor recruitment, Business, Debt, late payment, News, Recruitment|

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: , |