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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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Age of invoice: 11 months old Principal Sum: £6,000 Days to recover: 2 weeks A client recently got in touch with the team at Darcey Quigley regarding an 11 month old scaffolding debt. This debt had a value of £6,000. This was a delicate matter as it was...
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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...
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The infamous Blue Monday is upon us. If you haven’t heard of it before there is an argument that the third Monday of the year is the most depressing day of the year as the post-Christmas blues set in and most new year's resolutions have fizzled...
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