Category: SMEs

  • 3 Things You May Not Know About the Enforcement Process

    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…

  • Recovering Debt from Outside Within the EU

    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…

  • Ways to Pay Solicitor Costs When Pursuing a Claim

    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…

  • Is It Time to Recover Those Historical Debts?

    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…

  • Should You Offer Your Late Paying Customer A Payment Plan?

    In an ideal world all of our clients would pay us on time and in full. Unfortunately sometimes this isn’t the case for all sorts of reasons some of which may be legitimate while others are simply delaying tactics. Telling in the difference between the two can be hard but as a general rule you…

  • Don’t Give Up Chasing That International Business Debt

    With all this talk of Brexit you can be forgiven for thinking anything involving international business is fraught with red tape and hostile foreign nationals out to get us. In some cases you may be right and it can be much more difficult to recover debts from customers abroad than here in the UK. To…

  • Lack of Awareness Of Late Payment Law Could Be Costing You Money

    Late paying customers are not only a nuisance, they can also cost your business more than the sums they owe. Fortunately there are laws to protect your business from late paying customers and it is worth reading up on them if you ever need to take advantage. So the first thing to do if you…

  • Should You Use Social Media To Get Your Invoices Paid?

    There is little doubt that social media has brought about revolutionary changes in the way we communicate with each other. Even the US president uses it as a way to communicate his thoughts about other world leaders and the issues of the day so does that mean it’s ok for business owners to use it…