Small Businesses – Page 4 – Churchill Recovery Solutions

Jun 15 2019 15th June 2019 3rd June 2019 No Comment by admin

How is the government tackling the UK’s late payment culture?

Posted in Avoiding Debt, Business Debt, Calculating Late Payment Costs, Cash Flow, Churchill Recovery, Debt Collection Agencies, Debt Recovery, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses

The government are introducing new policies to tackle the UK’s late payment culture which contributes to thousands of SMEs going out of business each year. Shocking information releasedby Bacs Payment Scheme Ltd shows that small UK businesses are facing a bill of £6.7 billion (an average of £9,000 per business) just to collect late payments…

Tags:Business Debt Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips late payment culture

Jun 03 2019 3rd June 2019 3rd June 2019 No Comment by admin

6m Brits would pay for financial advice if it was cheaper

Posted in Business Debt, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debts, Late Paying Customer, Payment Plan, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

A study has found that almost 6m British adults would be willing to pay for financial advice if it was more affordable. As both households and businesses in the UK face a debt crisis, the results of a study suggest that many people are not getting access to the financial advice they require. The report,…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Company Debt Collection Procedures Debt Collection Tips Financial advice

May 01 2019 1st May 2019 1st May 2019 No Comment by admin

How do late payments affect small businesses?

Posted in Business Debt, CCJ, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debts, Late Payment, Late Payment Interest, Late Payment Law, Late Payment Policy, Small Businesses, SMEs

Chasing late payments wastes time and money for small businesses, as well as posing a serious threat to their survival. Late paying customers are a frustrating and worrying problem that most small business owners are all too familiar with. In fact, research shows that on average small UK businesses are owed £24,841in late payments, and…

Tags:Late Payments Small Businesses

Mar 24 2019 24th March 2019 4th March 2019 No Comment by admin

What is the government’s ‘breathing space’ scheme?

Posted in ‘breathing space’ scheme, Avoiding Debt, Brexit, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Small Businesses, SMEs

The government’s ‘breathing space’ scheme could offer those in debt a valuable 60 day respite period to seek help and get their finances in order. The breathing space scheme, also known as the debt respite scheme, was first announced by the government in October 2017. The scheme is intended to give people time to get…

Tags:‘breathing space’ scheme Business Debt CCJ CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Small Businesses

Mar 04 2019 4th March 2019 4th March 2019 No Comment by admin

3 steps to determining a customer’s creditworthiness

Posted in Avoiding Debt, Business Debt, CCJ, Chasing Payments, Churchill Recovery, customer’s creditworthiness, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debtor, Debts, Insolvency, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

If you supply customers with a product or service, then offering a credit facility is a great selling point, but it doesn’t come without its risks. Whilst it is impossible to completely safeguard yourself from non-paying customers, it pays to have a system in place for checking a company’s credentials before you commit to working…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery customer’s creditworthiness Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery UK debt levels

Feb 06 2019 6th February 2019 6th February 2019 No Comment by admin

3 Things You May Not Know About the Enforcement Process

Posted in CCJ, Charging Order, Chasing Payments, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Debts, Enforcement Process, Late Paying Client, Late Paying Customer, Late Payment, Late Payment Law, Recover Your Debts, Recovering Debt, Small Businesses, SMEs

If you have taken someone who owes you money to court and you win the case, then the debtor has only a limited time to pay you what they owe or face the prospect of bailiffs coming to their premises. This part of the enforcement process is governed by the following actions you may not…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips Debt Recovery Enforcement Process UK debt levels

Jan 12 2019 12th January 2019 4th January 2019 No Comment by admin

Recovering Debt from Outside Within the EU

Posted in Brexit, Business Debt, Chasing Payments, Debt Collection, Debt Collection Agencies, Debt Recovery, Debt Recovery Processes, EU, Insolvency, Late Payment, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses, SMEs, Sole Trader

Recovering debt from companies outside the UK is no easy task for the average business owner but despite the popular myth that it is impossible to recover money from foreign companies, the EU does offer similar protections to those in the UK. All this of course may change if the UK fails to reach a…

Dec 03 2018 3rd December 2018 3rd December 2018 No Comment by admin

Ways to Pay Solicitor Costs When Pursuing a Claim

Posted in Avoiding Debt, Business Debt, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Late Payment, Pay Solicitor Costs, Small Businesses, SMEs

If a client or customer stubbornly refuses to pay their debts, then you will have no option other than to take legal action but this will come with costs if you use a solicitor to work on a debt recovery case. Depending on your individual case, the following options may be available to you… Paying…

Tags:Business Debt CCJ CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Company Debt Collection Procedures Debt Collection Tips Pay Solicitor Costs Pursuing a Claim UK debt levels

Nov 20 2018 20th November 2018 7th November 2018 No Comment by admin

Is Your Client Too Big to Fail?

Posted in Avoiding Debt, Brexit, Business Debt, Cash Flow, CCJ, Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Small Businesses

There is a certain amount of comfort to having larger business clients you tend not to get from dealing with smaller more volatile businesses. This often comes from the false belief that this sort of client is too big to fail. Unfortunately, this belief can be misplaced leading to complacency and lack of planning for…

Tags:Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Company Debt Collection Procedures Debt Collection Tips

Nov 07 2018 7th November 2018 7th November 2018 No Comment by admin

Is It Time to Recover Those Historical Debts?

Posted in Churchill Recovery, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Historical Debts, Insolvency, Small Businesses, SMEs

Most successful businesses will have to deal with write offs at some point and for some it can be a regular problem in every financial year. Write offs happen when a business simply writes off unpaid invoices because pursuing payments is seen as not being worth the effort or it will end up costing more…

Tags:Business Debt CCJ Difficulties Churchill Recovery Debt Collection Debt Collection Agencies Debt Collection Procedures Debt Collection Tips Historical Debts UK debt levels

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Category: <span>Small Businesses</span>