Creditors have been dealt another blow with the temporary restrictions on winding-up petitions being extended by a further three months. With recent delays to the removal of some of the final coronavirus restrictions, we are still not out of the woods yet and this is having...
Read More
No one likes to be left waiting around to be paid. This is why it is so important that you have an effective credit control process in place. Unpaid invoices are the bane of many business owners’ and credit controllers’ lives and cause a huge amount...
Read More
Getting help recovering unpaid invoices from a business debt collection agency can be a seen a last-ditch attempt. However, it is always best to act quickly if you are owed commercial debt. Leaving debt outstanding for too long increases the risk that you lose your money...
Read More
Recovering business debt can be a daunting process, particularly if you have never been in a position where you have had to use a debt recovery partner. This is completely understandable. Having outstanding invoices and difficult late payers is tough and it can leave businesses feeling...
Read More
Late payments are a huge problem for UK businesses with 5.9 million SMEs chasing more than £50 billion worth of invoices. Unfortunately, most debts owed to SMEs are from larger businesses not paying invoices on time. Given recent world events and the impact the pandemic has had...
Read More
Recovering business debt requires a certain set of skills and credit controllers are in high demand given the steep rise in commercial debt owed to SMEs in the UK. Some good news is that the approach to business debt recovery is practically identical across all industries. If...
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...
Read More
Are you fed up waiting on a late payment? You're not alone, and this is why we've put together this complete guide on sending payment reminders and chasing late payment. An effective payment chasing process is simple to set up once and will mean you...
Read More
Have you experienced late payment? It is something all to familiar for many businesses in the UK. When the payment date comes and goes and you are still waiting on getting paid it can not only be frustrating but worrisome too. There is some good news though. There are...
Read More
Are we in for a rude awakening? This is certainly the view of Deloitte in a recent article they published looking at the outlook for corporate insolvencies in 2021. The number of corporate insolvencies in England and Wales in Q2 and Q3 2020 were at historical lows,...
Read More
If you have ever experienced late commercial payment you will know how frustrating it can be. Late payments have quickly became a huge problem for UK businesses with almost a third of SME having experiencing late payments costing at least £10,000 within 12 months in...
Read More
Age of invoice: 1 year old Principal Sum: £5,000 Days to recover: 7 days The engineering industry is heavily impacted by late payers and serial debtors leaving many firms out of pocket regularly. Despite their best credit control efforts, oftentimes businesses in the engineering industry are left with...
Read More
Having effective credit control is fundamental to the success of your business. According to Graydon over half of all bankruptcies are attributed to poor credit management. The number one objective is to avoid late payment or non-payment of monies that your business is owed. We see cases...
Read More
Effective credit control is fundamental to generating a regularly stream of cash flowing through your business. Cash is reality, as the saying goes. Every business owner should already understand that having a positive cash flow is one of the fundamental aspects of operating a business. But how...
Read More
Age of invoice: 6 months old Principal Sum: £40,000 Days to recover: 7 days The wholesale industry is an area where businesses must tread carefully with stringent credit control to help mitigate the risk of late invoices and commercial debt. We see many serial debtors and late payers through...
Read More
