The month of October marks National Women’s Small Business Month 2024, and it is only right that we shine a light on Darcey Quigley as a female founded business! For over 17 years, the company has been supporting businesses getting paid, but in this blog, we’ll discuss how Darcey Quigley became who it is today and what makes it more than just your typical debt recovery company.
Responsible for every one in six insolvencies this year (March, 2024), it is safe to say that the construction industry is not having the best year so far. Accounting for approximately 62% of the UK market, the industry continues to play a pivotal role in the growth and development of our society. So why are more and more construction businesses filing for administration? Well, this blog outlines the two main challenges the construction industry currently faces as well as addressing the ‘domino like effect’ that these challenges will subsequently have on businesses within this market as a result.
With any business comes a degree of debt. But it is who you work with that is the most important factor in ensuring a long-term working relationship. This blog will discuss the main warning signs that businesses should look out for prior to choosing a business partner and during the working agreement. It will also discuss the multiple ways a healthy working relationship with your debtor can be maintained for the foreseeable future.
This case highlights the impact debt recovery can have on a business! Our client in the plastic manufacturing business came to us with 20 unpaid invoices ranging from £300 to £90,000 with their total debt accumulating to over £190,000.
In recent weeks, the insolvencies of renowned companies like Harland & Wolff, TGI Fridays and ISG Construction have sent shockwaves through the business world. These instances serve as powerful reminders of the importance of effective debt recovery practices in sustaining businesses and preventing financial crises. In this blog, we delve into the stories of these three iconic companies and explore Darcey Quigley’s involvement in these cases.
The highly competitive nature of the construction sector, coupled with factors such as payment delays, supply chain disruptions, and fluctuating market conditions, can create a perfect storm that leads to insolvency for many construction businesses.
No business likes to hear the word “debt”, but the reality is that it is an inevitable part of running a company, especially when it comes to effective debt collection. While liabilities can sometimes be necessary for growth and investment, unpaid invoices can have a significant, and often detrimental, impact on a business’s financial health, …
The Importance of Partnering With A Debt Collection Agency Read More »
1 year old $60k debt paid in 1 day.
Borrowing has been a fundamental part of human society for thousands of years. Long before the invention of modern currency, systems of borrowing and repayment existed to support trade, agriculture, and economic development. As a result, the recovery of debts has evolved alongside civilisation itself, adapting to cultural, legal, and technological changes. Today, it plays …
The History of Debt Collection: From Ancient Practices to Modern Innovation Read More »
The recent reduction in the UK interest rate from 5.25% to 5% is welcome news for many businesses. Lower borrowing costs can ease financial pressure and create new opportunities for growth. However, while this shift may improve liquidity, it does not eliminate the ongoing challenge of late payments. In fact, changing economic conditions can sometimes …
Understanding Late Payment Risks Under the New UK Interest Rate Read More »
