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Corporate Insolvency & Governance Act 2020 – Update
The Corporate Insolvency & Governance Act 2020 was announced on 23rd April 2020, and introduced by the UK Government on the 25th June 2020, having received Royal Assent. The Act was introduced for a number of reasons, companies could get longer periods of time...
How Does International Debt Collection Work?
If your business deals regularly with clients overseas, it can be a very daunting task to recover your invoice or invoices if they don’t pay you. Every country in the World has different rules, regulations, laws and litigation procedures. International Debt Recoveries...
Greek Tragedy Turned Into Dramatic Financial Triumph
This is a case study illustrating how a Greek translation company recovered a large debt from UK translation company. Our Greece-based client was owed £109,000 (€125,000) from a UK translation company. The invoices raised were between 1 – 6 months old. Our...
How To Recover International Debt and Avoid Credit Risks
From time to time every business will experience the unfortunate scenario of a customer who refuses to pay an outstanding account and ignores any reminders or chances they are given to settle the outstanding balance. For language service providers dealing with clients...
Cash Flow is King in Every Business – 5 Simple Credit Control Tips
Every business wants to earn money and make a profit, by offering quality goods and services to their clients and standing out from their competitors. It makes good business sense to then invest this profit back into the business, so they can provide more a...
How long to wait before instructing a debt collection agency?
We are often asked by our clients, When, is the right time, and how long should they wait before taking action against, their client and instructing our debt collection services? We say to our clients we wouldn’t let invoices go over 90 days from the date of issue...