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 A client within the engineering industry got in touch with the DQ team with an outstanding debt of £5,000. The clients outstanding invoice was over 1 year old. Our client had informed us that they...
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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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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 do you improve your cash flow? Some businesses may opt to increase prices to get more cash...
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Age of invoice: 6 months old Principal Sum: £40,000 Days to recover: 7 days Wholesale debt worth £40,000. Our client informed us that they had been consistently trying to make contact with their customer for payment, however they had been unsuccessful. This had resulted in the client leaving the...
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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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Age of invoice: 4 months old Principal Sum: £18,000 Days to recover: 2 weeks Our client in the timber industry approached us as they had an outstanding invoice worth £18,000. Once instructed, the team at DQ had the debt actioned within the hour and our Head of Recoveries began...
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Debt collection is a subject no business likes to talk about, but it’s important to know how to handle customers who are withholding payment from you. Here we share lessons from the very best in the commercial invoice recovery business. Our founder and CEO of...
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Age of invoice: 9 months old Principal Sum: £90,000 Days to recover: 3 weeks A recent client approached us with an outstanding invoice of £90,000 on a large construction job. This large sum of money was owed to our client over 7 months ago. Our client had almost given...
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“The less said about 2020 the better.” This is the sentiment amongst many, and who can blame them? In a year unlike any other that we have faced in our lifetimes we have had to adapt and improvise to keep things ticking, make huge sacrifices and...
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When it comes to making business decisions, how do you know that you're making the right choice? While some people make decisions based on intuition and instinct others prefer a less risky approach. In this blog, we share how business credit reports can be your...
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