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 …
The Impact Of Rising Interest Rates On Your Business 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 »
The head of the International Monetary Fund has warned of the threat to the global economy after a swathe of banks recently collapsed. The world economy has faced extreme pressure over the past three years with the effects of the Covid-19 pandemic still lingering, the war in Ukraine still sending a ripple effect across global …
2023 Banking Crisis Threatens Global Financial Stability Read More »
Company insolvency figures for August 2022 have just been released and they paint a bleak picture. Company insolvencies in England and Wales were 43% higher year on year and 42% higher than pre-pandemic levels. Creditors’ Voluntary Liquidations (CVLs) have had a huge impact on the number of company insolvencies having risen 33% compared to August …
The number of company insolvencies are soaring once again as July’s insolvency figures have just been released, continuing the trend of rising insolvencies. In England and Wales, the number of company insolvencies have rocketed 67% year on year to 1,827. What is also alarming is the fact that they are 27% higher than the number …
As we have mentioned in previous blogs having a healthy cash flow is vital if your business is going to grow and thrive. Positive cash flow means you have more cash coming into your business than you do going out and this is good for a number of reasons: Control: With more liquid cash coming …
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 »
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 …
