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.

Welcome to the month of October! The year is going quickly and we’ve had another busy month working hard to take the pressure of unpaid invoices off businesses both in the UK and Internationally! Let’s take a look at what’s been happening here at Darcey Quigley in September! Charity Golf Day In September, some of the …

Darcey Quigley September Round Up Read More »

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 for most businesses, this term often pops up every now and again. While liabilities are necessary for establishing wealth, it is important to consider the significant and sometimes detrimental impact existing debt owed to a business can have on their overall success and survival. This is …

The Importance of a Debt Collection Agency Read More »

Debt has long existed within our society. Even before currency and money even existed, the necessity for debt recovery has been a recurring issue for many people and businesses. So, how has debt recovery actually evolved over thousands of years, and how has it helped many markets repair economic growth. This blog discusses the historical …

The History of Debt Collection Read More »