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Early warning signs that your client is in financial trouble
Businesses can experience financial trouble at any stage in the lifespan of a business. While we all hope to see brighter days ahead and plan accordingly to ensure we do not end up in financial troubles, life isn’t always so kind. As the economy faces many disturbances and pressures, so does your business and in […]
3/4 of SMEs are afraid to chase late payments
Chasing late payments is an unfortunate part of business finance. While we wish all clients could pay on time and in full, it doesn’t always work like that. There are many reasons why late payments occur and the one-off is usually human error. Multiple, and continuous late payments are where businesses should be concerned. If […]
Why writing off unpaid invoices is worse than you think for your business
When a customer doesn’t pay an invoice on time, it’s easy to want to just write it off and move on. After all, what’s done is done, right? Wrong. There are actually quite a few business ramifications to writing off unpaid invoices that you may not have considered. What are unpaid invoices? An unpaid invoice […]
What laws and regulations govern commercial debt recovery in the UK?
There are many laws and regulations which govern the commercial debt recovery industry in the UK. These laws are there to protect the company filing to claim loss of money as well as those who are in debt. The main two are the Insolvency Act 1986 and The Companies Act 2006. What are the Laws […]
What are the potential penalties for not paying back commercial debts?
Paying back commercial debts is a process businesses should prioritise. There are various penalties that could be sent to businesses that do not pay their commercial debts, and you wouldn’t want to be one of them. It is important for businesses to remain on top of their finances otherwise they could face hardship in the […]
Want to see your cash flow improve? Recover your commercial debts
It’s no secret that commercial debts can cause a drain on your business’s cash flow. In fact, it’s one of the most common reasons businesses go bankrupt. However, there is hope! If you’re proactive about recovering your commercial debts, you can improve your cash flow and keep your business afloat. In this blog post, we’ll […]
What are some common reasons businesses get into commercial debt?
Commercial debt is created when one business owes money to another. This type of debt can come from a number of different places, including business loans, or lines of credit. However, most often it derives from unpaid services and overdue invoices. In this blog post, we will discuss some common reasons businesses get into commercial […]
Commercial Debts Recovery: What is it and how can it help your business?
Commercial debts recovery, or business debt collection, is a service that helps businesses reclaim unpaid invoices. This can be an extremely time-consuming process if you’re trying to do it yourself. A debt collection agency can help businesses recover individual or multiple outstanding invoice payments, saving you time and money in the process. If you’re struggling […]
Overdue Invoices – What Is Your Best Option?
If you’re a business owner, then you know that overdue invoices can be a major headache. Not only do they cause tension between you and the customer, but they can also seriously impact your bottom line. So what’s the best way to handle overdue invoices? In this blog post, we’ll explore four possible options: debt […]
How SMEs Can Effectively Pursue Commercial Disputes
SMEs are the backbone of the UK economy, and when they face difficulties due to late payments and overdue invoices, it has a knock-on effect on the whole country. SMEs are currently suffering from cash flow problems as a result of these issues. So it is crucial that they take steps to tackle disputes about […]