debt

/Tag: debt

Duty To Report – tackling late payment

We can assist you collecting late payments from your clients, the penalties which the debtors may incur should deter them from doing so again. Don't leave late payment too late before reacting. Cash flow problems as a result of not acting quickly can seriously damage your business. Keeping a tight rein on invoice collections from the beginning is [...]

2017-06-16T09:14:22+00:00June 16th, 2017|Categories: Accountancy, Business, Debt, Insolvency, late payment, News, Recruitment|Tags: , , , , |

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 [...]

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 [...]

Late payment and other business failures cause over 1-in-5 corporate insolvencies

At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of 23% [...]

Business translation debt.

Translation debt testimonial: One of Sterling's long term client's comments below on how money is effectively collected on their behalf for a translation debt owed by their clients. We have been using Sterling Debt Recovery for several years. I found their communications very effective. Many times when I heard a story from a client and went [...]

2016-01-21T15:07:55+00:00January 21st, 2016|Categories: Business, Debt, late payment, Legal, News, Outsourcing, Translation|Tags: , |

Insolvency debt collection

Insolvency Practitioners and debt collection. Resource and experience are available to undertake a range of investigations. Sterling work with Insolvency Practitioners to value sales ledgers and to cost effectively collect book debts quickly and efficiently. Sterling Debt Recovery provides a proven service to Insolvency Practitioners working with Receivership - Liquidation - Administration - Company Voluntary Arrangement [...]

2016-01-06T13:49:56+00:00January 6th, 2016|Categories: Finance, Insolvency, Legal, News|Tags: , , , , , , , |

Recruitment sector client – back door placement dispute

Settlement increased from 50% to 85% of invoice value. Whilst we’d love to write about all our 100%+ win success stories, some of the others can still offer you great insight into dispute resolution. This particular client, a specialist recruitment firm working nationwide, asked for our assistance when they were faced with a debtor who had [...]

2015-12-07T13:49:55+00:00December 7th, 2015|Categories: Debt, late payment, News, Recruitment|Tags: , , |

Paying for late payment

Leading Computer Software Developer – UK Our client, a supplier of computer software systems provided solutions to a prestigious retailer in London who delayed payment time and again. After making one too many promises to pay, the overdue invoice was escalated to be dealt with by our debt recovery team. There was no agreement in place [...]

2015-12-04T13:07:40+00:00December 4th, 2015|Categories: IT|Tags: , , |

UK top 100 accounting firm’s customer who stopped paying on time

Interesting collection history from one of the recent successful debts collected by Sterling. One of our long term clients, a top UK accountancy firm, passed us a debt where one of their long term clients (using their services for the past 20+ years) began persistently paying late. The debtor had been asked on numerous occasions by the [...]

2015-11-18T15:44:37+00:00November 18th, 2015|Categories: Accountancy, News|Tags: , , |

Recruitment debt recovery case history

If you are offered a discount for early payment, don't expect the discount when you pay late! One of our regular recruitment sector clients contacted us with a debt when their client had been given special terms (a discount) under one simple condition, pay on time. Shockingly, despite the handsome discount fee given for the placement, [...]

2015-10-15T16:20:01+00:00October 15th, 2015|Categories: News, Recruitment|Tags: , |