Age of invoice: 2 years old Principal Sum: £6,750 Days to recover: 5 days We were instructed by a recruitment agency to recover a commercial debt against a business managing consultancy for a principal sum of £6,750.00. Under “The Late Payment of Commercial Debts (Interest) Act 1998” our client was also entitled to claim …
The 2020 coronavirus has caused disruption for businesses worldwide. With our “new normal” involving facemasks, social distancing, and self-isolation we can only wonder how this will affect our businesses in a post-pandemic world. In this blog, we discuss some ways to help your business recover from the pandemic and how to navigate into this new …
Tips to Help Your Business Recover From the Coronavirus Pandemic Read More »
If you read my recent LinkedIn article ‘Should your business consider the coronavirus Bounce Back Loan?’ then you’ll know all about the government’s financial support scheme for businesses. But, what other support is available if you don’t qualify, or if you have already used the scheme? In this article, I explore alternative funding options to …
Should Your Business Consider Additional Funding? Read More »
THE NEW CORPORATE INSOLVENCY AND GOVERNANCE ACT CAME INTO EFFECT FROM THE 26TH JUNE 2020 With the current uncertainty it is now more important than ever to get paid on time and in full! Ensuring your customers are paying promptly is a worry for many business owners and credit control departments across the country. Many believe …
Very few of us like asking for money. It can be awkward and lead to a breakdown in the relationship with your customer. However, you should not take it personally. It is a transaction, and for every commercial transaction you should be paid. It is money you are due. If you don’t receive payment, then …
Client feedback is always important when delivering a service, finding out if customers were satisfied or if any improvements need to be made are key to driving your business forward. With 86% of our clients using our services more than once, it proves that our service is professional and ultimately provides results. Over the past …
Considering the current economic climate, Darcey Quigley & Co are extending their Credit Control and Ledger Service. This will allow business to use Darcey Quigley on a short or long-term basis, to help fill in the gaps created by staff illnesses, the corona virus or employees on furlough. Our focus is to recover your outstanding …
With the UK recovery looking like a long distance away, what can you do in the interim to help your business? The British economy is unlikely to have the quick bounce back that people might have first thought. With the corona-virus shutdown having wiped more than 30% off British output in April, then a similar …
With businesses becoming increasingly more diverse and complex, business owners will find it extremely difficult to be an expert in every discipline that an SME needs. Despite the necessity for business owners to manage cash flow, they also have to generate new business and bring customers in the door. It is also critically important for …
If you’re considering outsourcing your debt recovery for the first time, it’s completely natural to have questions — or even reservations — about the process. Understanding what happens to your debt, and who is handling it, is essential before placing your trust in any third party. Trust is the foundation of every successful partnership. Unfortunately, …
Debt Recovery FAQs: Everything You Need to Know Before Getting Started Read More »
