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Impact on Businesses Following the Cancellation of HS2

The cancellation of the High-Speed 2 (HS2) railway project has sent shockwaves through the United Kingdom, especially in the North. HS2 was touted as a game-changer for businesses in the North, promising to improve connectivity, boost economic growth, and create...

Why you should instruct a Debt Collection Agency in the UK to Recover Your Debts

For most companies in the UK Debt Recovery can be a challenging, frustrating and very time consuming process, especially when a company’s efforts to collect their unpaid debts may have not produced good results, and their staff have been pursuing debts when they could...

Winding Up Petitions: A Quick Guide

Winding Up Petitions are the most aggressive form of litigation and Debt Recovery in the UK. The world of business, finance and offering credit can be complicated one, and a Winding Up Petition can send the shivers down the spine of Company Directors and Stakeholders...
Who Is Your Customer?

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,...

How to Invoice Properly

How to Invoice Properly

Get Paid Fast! As debt collectors we see a lot of invoices. Some are good with the correct information on them but there are a great deal with practically nothing on them apart from the amount due! If you want to get paid promptly then the first thing you should do is...

Sales vs Credit Misconceptions

Sales vs Credit Misconceptions

There is a popular misconception that the Credit Control Department is “anti-sales” and they will try to create barriers towards the sales effort wherever possible. This “Sales v’s Credit” attitude is wrong and can only be removed by strong personal relationships and...

Reminder Letters for Invoices – Part 2

The second part of our series looks at the final stages of payment reminders. 3. Example of Deteriorating Payments Letter To be sent when payments from a previously prompt-paying customer have started to deteriorate. Dear Amount overdue: Invoice No: Date: Payment...