Darcey Quigley February Round Up
February was another exciting month at Darcey Quigley. We collaborated with our Collect-it partner, Know-it to host a webinar, and as insolvency rates have continued to rise, our team have been hard at work recovering unpaid invoices.
📈 Webinar in Collaboration with Know-it! 🎙️
In February, team Know-it hosted another successful webinar on the topic of “Commercial Debt Recovery Unveiled: Insider Insights and Expert Advice”. Check out the key takeaways:
- Have a robust credit control process
- Find the right debt recovery agency
- Know your clients
If you missed this webinar, don’t worry you can catch up on the recording here.
5* Star Reviews on Trustpilot
We are very proud of our 5* rating on Trustpilot all through 2023 and 2024. We are also number one in the debt collection agency category! (with the average for this industry being only 2.9 stars).
Thank you for continuing to share your positive reviews.
Have a look at our Trustpilot reviews here and if you haven’t left a review yet please do!
This month our team were kindly sent a gift from one of our happy clients! It’s always nice to know our services are appreciated by our clients. We’re always here with one mission: To get businesses paid! We pride ourselves on having an excellent team who support our clients through every step of the process. 🙌
Industry Stats
Late payment culture shows no signs of slowing down in 2024, so we have gathered some key stats to note that could affect your business.
- 27% of UK SMEs are owed between £5,000 and £20,000 in unpaid invoices.
- Improving late payment culture in the UK could boost the economy by £2.5 billion annually.
- Automated systems receive 42% of payments on time in comparison to manual chasing.
- A total of 1,947 companies became insolvent in January 2024.
- Late payments drive more than 50,000 available business closures each year as a result of cashflow impact.
- Over Half (55%) of SMEs say that Late Payments increased over the course of 2023.
- 440,000 businesses are at “serious risk” of failure as a direct result of being paid late.
Action Your Debts Now!
Our award-winning team are always working hard doing what we do best – getting businesses paid. 📈
Visit our website for a free no obligation quick quote for recovery and seamlessly upload your case for collection in just 3 easy steps!
Lynne is the Founder and CEO of Darcey Quigley & Co.
She is passionate and determined to help businesses get overdue invoices paid quickly.
Having worked within the credit management industry for over 27 years and ran UK leading commercial debt recovery specialists Darcey Quigley & Co for over 16 years, Lynne has helped businesses recover commercial debts from every continent across the globe.
Connect with me on LinkedIn!
