The number of overdue invoices in Scotland hit a 2022 high between August and October this year with more than 100,000 companies failing to pay on time. An analysis of Creditsafe data has revealed 593,114 invoices in Scotland went unpaid past their deadline, 13,941 (2.4%) more than September’s figure of 579,173. It is not just …
Number of Overdue Invoices Hit A Record High in Scotland Read More »
Company insolvency figures for October have been released and they are quite frankly, frightening. The number of company insolvencies in England and Wales last month were 38% higher than October 2021 and 32% higher than pre-pandemic levels, with 1,948 companies filing for insolvency. The 242 compulsory liquidations reported in October this year were a staggering …
There’s never been a more critical time to make sure your business credit score is in the best shape possible. With costs spiralling and the value of unpaid invoices rocketing by over 20% it is vital for companies to get to grips with their credit file and ensure they can get the best possible supplier …
The Importance of Building Your Business Credit Score Read More »
Inflation in the UK has spiked to 9.1%, the highest level in more than 40 years. Figures from May 2022 have revealed the soaring costs of gas, electricity, food and transport are having a dramatic impact on business cashflow as we feel the squeeze from the worsening cost of living crisis. The recent hikes in …
UK Inflation Rockets To The Highest Level in Over 40 Years Read More »
75% of SMEs in the UK are fearful of the long-term effects of the UK’s cost of living crisis. This comes off the back of Barclays SME Barometer, a survey of business sentiment released each quarter. Inflation and spiralling costs for raw materials, goods, machinery and energy have dominated headlines this year and even with …
SMEs Are Bracing Themselves For The Impact of The Cost of Living Crisis Read More »
New research from Begbies Traynor “Red Flag Alert” has revealed stark figures, signalling a 19% year on year increase in the number of companies in critical financial stress, with 1,891 companies affected in Q1 2022. The industry most at risk is construction. The construction industry has felt the brunt of the late payment problem with …
Numbers of Businesses at Risk of Collapse Are Rocketing Read More »
Through our quality of service and professionalism, Darcey Quigley & Co has developed relationships with businesses of all sizes that has seen us work together time and time again since our formation in 2007. Our approach to commercial debt recovery is tailored to meet the requirements of our clients, and for many of those we …
Our relationship with you and your relationship with your clients Read More »
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 »
With a recent story involving a digger hitting headline news we thought we would tell you how to successfully deal with late payers! Recent scenario: You are owed £600 in wages from a job at a local Travelodge Hotel. After payment did not land in your account you decide to use us: Call us on …
Profitability and cash flow are the lifeblood of any business. If any of your customers are experiencing an issue with one of these, it can have a long-term effect on the performance of the business. If they are experiencing issues with both, then it is imperative that it is resolved as soon as possible, or …
