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Chasing Payment
When you get paid, the sale is complete. When a customer doesn’t pay, they’re hanging on to money that is rightfully yours and you should ask for it. You should have a routine system for following up non-payment that includes letter, email, and telephone, but be...
Hiring a Debt Recovery or Debt Collection Agency in the UK
Many Business or Creditors can be very apprehensive about hiring the services of a professional debt collection agency to recover unpaid accounts. They are often reluctant because they are concerned about maintaining the relationship with their clients, and how...
A Guide to Charging Orders
Charging Orders can only be obtained against debtors in England and Wales. If you have recently raised a County Court Judgement against a sole trader or an individual debtor and they have not paid, you can then ask the court for a Charging Order to be raised against...
What to do when they won’t pay
Debt Collection guide for small businesses Are your clients late in paying you each month & hold back making payment for as long as possible? Or Do they not even bother to pay you at all? Recent research has proven that this can create serious cash-flow problems...
Who Is Your Customer?
This may sound like a strange question but a lot of people don’t actually know who their customer is. The reason for this is – they don’t ask! Even if you’ve known your customer for 20 years you must know their legal entity. The reason for this – if you are owed...
10 SIMPLE STEPS NOT TO BE HIT BY FRAUD
Always treat newly-formed firms and new accounts with suspicion, beware of a new client trying to place a large order for their first or second order There are certain styles of business names long firm fraudsters seem to favour. Beware of the words, Euro,...