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Don’t Want To Go To Court Over Debt? Issue A Winding Up Order Instead
If one of your business customers owes you money and you don’t want to go through all the hassle and expense of taking them to county court and through a long litigation process, then a winding up order could be a better alternative. Winding up orders can be used when a company owes a debt…
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3 Occasions When You Might Need Help From A Debt Recovery Agency
Occasionally in business you will have the misfortune of dealing with clients who regularly pay late or worse still don’t pay at all. Attempting to get rogue clients or customers to pay up can sap the energy out of your business and an increase in stress levels. You also have the added dilemma of not…
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Recent News Reminds Us No Business Is Too Big To Fail
If your business operates as a supplier to a small group of large brands, then this will probably be providing the vital foundations that underpin your operation, ensuring its survival. But what happens if one of those businesses fails? This can and does happen even to some household names as we have seen in the…
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Advice On Calculating Late Payment Costs
Most business owners have experienced a late paying client at one point or another. Trying to recover the money can be a frustrating, time consuming and sometimes even a costly process. The latter can often put people off pursuing debts for fear of losing more money than the amount they are trying to recover. Fortunately,…
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Are You Keeping A Close Eye On Your Customers?
If you run a b2b business then you may already be aware of how difficult it can be to recover late payments. Often it can seem easier to stop chasing when the costs of doing so outweigh the investment you put in. This is why it’s all the more important to do some detective work…
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New Research Highlights the Importance of Getting Paid on Time
The impact of late payments on cashflow is well-known, however a recent survey shows that late payments come with additional consequences for those businesses affected. The survey of 1,233 British businesses commissioned by employee spend management firm, Concur, found that 4 in 10 of those businesses were feeling the impact of late payments. The way…
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Why Time Is Precious In Debt Recovery
A common issue when businesses decide to pursue their customers for unpaid bills is the amount of time that has passed before they get to that stage. Some businesses might leave it for more than a year before they decide to pursue debtors and this often creates some ambiguity into what rights a company has…
