Update June 2023: With interest rates continuing to soar we’ve updated this guide to reflect the most recent changes to the amount of late payment interest you’re legally entitled to. Unpaid invoices are decimating businesses across the UK against the backdrop of soaring company insolvencies. Late payment of invoices are a serious problem threatening the …
Everything You Need To Know About Unpaid Invoices Read More »
Update: In August 2023 the Bank of England increased its base rate from 5% to 5.25%. This means you can now claim more interest on your unpaid invoices and we have updated this article accordingly. Interest rates are now the highest they’ve been in 15 years. If you have ever experienced late commercial payment you will …
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Update August 2023: The Bank of England increased interest rates from 5% to 5.25%, the highest interest rates have been in 15 years and the 14th time they’ve risen in just over a year. This means you can now claim more interest on your unpaid invoices and we have updated this article accordingly. Interest rates have …
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If you’re running a business that extends credit to your customers, you’re likely familiar with the challenges of debt recovery. While extending credit can be an excellent way to build long-term relationships with your customers, there will always be cases where customers are unable or unwilling to pay their debts. If you’ve experienced this you’ll …
Boosting Your Debt Recovery Success Rate: A Simple 5 Step Process Read More »
Are you fed up waiting on a late payment? You’re not alone, and this is why we’ve put together this complete guide on sending overdue invoice reminders and chasing late payment. An effective payment chasing process is simple to set up once and will mean you get paid quicker and improve your cash flow. Late …
Your Guide to Sending Overdue Invoice Reminders & Chasing Late Payment Read More »
Unpaid invoices can be a frustrating problem for any business. They can cause cash flow issues, increase administrative burdens, and strain relationships with customers. With the average SME in the UK being owed £68,413 in unpaid invoices, the soaring numbers of company insolvencies we’re seeing should be no surprise. Thankfully, there are steps you …
Common Mistakes That Lead To Unpaid Invoices & How To Avoid Them Read More »
Choosing the right debt collection agency can be a daunting task, as there are many options available. Facing the issues that come with not being paid on time is stressful enough and you’ll be looking for a simple solution quickly with minimal disruption. Here are some factors to consider when selecting a debt collection agency …
The swathes of companies going bust in the UK show no signs of slowing down as company insolvencies increase 16% in England & Wales and 21% higher in Scotland. March corporate insolvency figures shows 2,457 businesses entered liquidation or administration in England & Wales. This is 16% higher compared to last year and even higher …
More Companies Continue To Fail Due To Insolvency Read More »
Having to contact a business debt recovery specialist for the first time can be daunting for many businesses. The pressure unpaid invoices place on businesses is huge with 440,000 businesses at risk of going bust due to the late payment crisis crippling UK firms, leaving many with no choice but to seek help with business …
Business Debt Recovery Frequently Asked Questions Read More »
The commercial debt recovery process might sound complicated and even daunting if you have never used a debt recovery partner to help you recover commercial debt. We understand this and our simple process is what makes Darcey Quigley & Co’s approach to debt recovery different. The commercial debt recovery process doesn’t need to be difficult …
How Our Process Is 5x Quicker Than Using A Solicitor Read More »
