Debt collection is a subject no business likes to talk about, but it’s important to know how to handle customers who are withholding payment from you for unpaid invoices. Here we share lessons from the very best in the commercial invoice recovery business. Our founder and CEO of Darcey Quigley, Lynne, shares five lessons she …
Age of invoice: 9 months old Principal Sum: £90,000 Days to recover: 3 weeks Construction industry debt recovery experts Darcey Quigley recently recovered £90,00 for a client. Read about our approach and how we can help you. The construction industry write off a huge amount of commercial debts every year, know to be as high …
Debt Recovery In The Construction Industry – Case Study Read More »
Age of invoice: 6 months old Principal Sum: £3,000 Days to recover: 48 hours One of our clients was concerned that their customer had disappeared with a vehicle that they had leased. This debt was over 6 months old and with £3,000 outstanding, our client was worried and decided to instruct our services. Our …
Age of invoice:10 months old Principal Sum: £100,000 Days to recover:48 hours One of our clients in the agriculture industry got in touch at the beginning of the first coronavirus lockdown in the UK as they had an outstanding debt worth £100,000. Within 48 hours of the team at DQ receiving the debt, a payment …
Cash flow is the movement of money in and out of your business and it is critical for your business to survive. It can be easy for your cash flow to go unmonitored, but carefully managing your finances will help to improve your cash flow. Essentially, if you have more cash coming into your business …
Deciding when and if to outsource your debt collection to an agency is one of the biggest credit management decisions your finance department will make. But how do you know when the right time is? How long should you leave it? And is it worthwhile outsourcing at all? Here, I share some of the tell-tale …
When Should You Outsource To A Commercial Debt Recovery Company? Read More »
We understand how precious our clients time is when chasing overdue accounts. By the time you are even considering outsourcing your debt recovery you may have been chasing your debt for months. Take the stress away from continual chasing. Our process for collecting debts is simple. Darcey Quigley pride ourselves on the quality and professionalism …
How do you know if a potential customer is credit worthy? Jumping into business with a customer before checking to see if they’ll be able to repay your credit terms can have detrimental effects for business. In this current economic climate making smart financial decisions are crucial to sustaining a healthy cash flow. In this …
What You Should Look For When Giving Business Credit Read More »
The impact of COVID-19 has been monumental for a lot of us, particularly for business. UK Chancellor Rishi Sunak has today warned “the UK economy will contract by 11.3% this year, the largest fall in output for 300 years.” He then went onto state that economic output won’t reach pre-crisis levels until Q4 2022. The …
Official Forecasts Now Predict The Biggest Economic Decline In 300 Years Read More »
When it comes to collecting debts on behalf of your business, we know first-hand that you have many questions about the process. In this article, I share insight into the commercial debt recovery process and why it might not be what you think! The Debt Collection Process When people hear the term ‘commercial debt collection’ …
An Insight into Commercial Debt Recovery – it’s not what you might think! Read More »
