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What Happens If A Debtor Defends A Claim
If a company owes your business money, then the first thing to do is contact them to try and recover the money owing. Sometimes, this may result in the company defending your claim against them, which will usually result in court proceedings. Your claim will be allocated to one of three tracks depending on the…
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7 Things You Should Never Do To Recover Debt
Many companies are unaware that pursuing another company of individual over debts can be fraught with problems if the proper procedures are not adhered to. If you are in any doubt about the processes you are currently following to recover late payments, make sure you are not making the following mistakes that could land you…
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Micro SME’s An Average 68k In Debt Due To Late Payments
According to data from Companies house, the average micro SME is £68,000 in debt. Behind this staggering statistic is a struggle to maintain cash flow due to late paying customers. Running a small business of less than 10 employees can be as tough as running a large organisation, particularly if the business relies on just…
