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I Can’t Afford Commercial Debt Recovery – It’s Too Expensive
We hear so many myths and misconceptions about commercial debt recovery. But one of the most common things we hear is “I can’t afford commercial debt recovery – it’s too expensive”. But with My Debt Recovery and Escalate on your side then there is no reason that your business should ever write off viable debts […]
Over Half of SMEs In Need of Cash To Survive: Is There a Better Option?
New research that has been published by Purbeck Personal Guarantee Insurance (via Credit-Connect.co.uk) has found that over half of SMEs are in need of cash to survive. Those businesses will be looking to the Recovery Loan Scheme to help. What does the research say? Credit-Connect reported that: A survey of 1000 SME business owners and […]
Charging Interest on Commercial Debts: A Guide
Late payments have been affecting almost every industry in the UK and the issue has only been exacerbated by the coronavirus pandemic. Chasing debts yourself can be a frustrating and often exhausting process. Research conducted by global business analytics provider, Dun & Bradstreet, found that small businesses are owed, on average, over £130k from late […]
Late Payments Costing Small Businesses Over £130k
New research reported by Credit-Connect last week revealed that small businesses are missing, on average, a huge £130k from late payments over the last twelve months. The survey, conducted by Dun & Bradstreet (D&B), global business analytics provider, polled over 750 businesses. They found that over 20% of payments made to these businesses were late, […]
Business Tips With Sean: Part One
Our director, Sean Husband has a wealth of business knowledge so we wanted to tap into this and share some helpful tips that can help your business in a whole number of different situations. If you have a burning business question that you’d like Sean to answer, then get in touch today and we’ll add […]
Advice for Engaging with Debtors
Chasing payments is an incredibly frustrating process, especially if your business doesn’t have a dedicated credit control team. We have reported before on the direct link between commercial debt recovery and the impact this has on business owners’ mental health. It can be an exhausting, stressful task that is tempting to put off if you […]
Business Tips for the New Financial Year
As we kick off a brand new financial year, it is a great time to take a step back and look at your financial plans for the year ahead. If you’re an SME and don’t have a huge team behind you then it can be a daunting challenge to decide where best to focus your […]
What Does the Small Business Commissioner Do?
Last week, the government and Small Business Commissioner (SBC) announced that Liz Barclay will be taking over as the new SBC. Ms Barclay is making history as the first woman to hold the position and she brings a wealth of business acumen, experience and a background in journalism to the table. But what does the […]
How To Recover International Commercial Debts?
Working with international customers can open up a whole new world of business opportunities for your company. However, if prompt payments from those customers begin to decline then recovering monies can become complex. If you need to know how to recover international commercial debts then we’ve put together a guide to help you. But be […]
When is the Right Time to Instruct a Commercial Debt Recovery Agency?
Chasing late payments or unpaid invoices can be a time-consuming process, especially if your debtor is not particularly forthcoming with their communication or willingness to pay. We often find that our clients recognise that they need some assistance but they’re not sure when is the right time to instruct a commercial debt recovery agency. There […]