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 »
Being paid on time is now more important than ever given the economic upheaval caused by COVID-19. From businesses going through administration to account disputes there are several reasons that a customer will pay you late. Being paid on time is essential to your business’ survival, they support a healthy cash flow and prevent your …
How to Handle Poor Payment Behaviour From Businesses Read More »
Age of invoice: 4 months old Principal Sum: £12,000 Days to recover: 10 days A recent client within the manufacturing industry got in touch to discuss a 4 month old debt. They explained how the debt was worth £12,000 and there had been previous contact with the debtor on several occasions arranging a payment …
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 …
There’s no denying that technology has shaped the way we think and how we do things, but how is it impacting the finance sector? With the rise of the Fintech industry it’s clear that the way we do finance is changing. But what does this mean for accountants and credit departments? Is it replacing the …
Fintech – friend or foe? How is technology helping the finance sector? Read More »
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 »
