“Take action to collect owed Monies or put your Company at risk”

 
Experts are sending out the message to take action to “Collect owed monies or put your company at risk”.
More than ever, businesses are failing due to the very solvable issue of unpaid business invoices. According to R3, a leading UK trade insolvency trade organisation, almost a quarter of firms that went out

“Take action to collect owed Monies or put your Company at risk”

 
Experts are sending out the message to take action to “Collect owed monies or put your company at risk”.
More than ever, businesses are failing due to the very solvable issue of unpaid business invoices. According to R3, a leading UK trade insolvency trade organisation, almost a quarter of firms that went out

Posted by FedMan on March 22nd, 2017

Debt Collection for Small Businesses

Small businesses and sole traders rely on a steady inflow of cash from their customers to remain afloat. All it takes is a few customers to start dragging their heels on payment and a small enterprise can find itself unable to meet its own obligations.
So, if you are in this situation yourself –

Posted by FedMan on March 20th, 2017

Why use a Debt Collection Agency for your Business?

Is your company’s cash flow struggling due to non-paying customers?
Well, it will not surprise you to find out that you certainly are not on your own. Most companies do have problems getting payment when they provide a  service or product to a customer with 80% of small businesses in the UK suffering as

Posted by FedMan on March 16th, 2017

5 things you should do when a customer won’t pay!

Chasing unpaid invoices is a very timely chore and the indirect cost of such tasks are never accounted for. When you have a customer that does not want to pay, It is all too easy for frustrations to boil over.

Posted by FedMan on February 16th, 2017

7 things not to do when somebody owes you money

In the modern day United Kingdom, it is very much in your own interests to be aware of the potential problems your actions can cause when trying to get your customers to pay you. Ignorance is not an excuse and there are laws in place to protect people regardless of the situation or circumstances.

Posted by FedMan on January 24th, 2017

Sending a Business Letter before Action

When a Business has exhausted their credit control processes and an account now becomes a ‘debt’, a Letter before action can come in very handy in terms of procuring payment. Our top 10 tips will help you do your own

Posted by FedMan on January 9th, 2017

Personal Guarantees from Company Directors

It is a standard practice for companies in some instances to ask for a personal guarantee from a Company Director but are they enforceable? The answer is very much Yes and they can be a valuable tool in providing recourse to a company’s Director in the unlikely event the company defaults on any credit facility

Posted by FedMan on December 19th, 2016

Using a Professional Debt Collection Agency

 
In the modern day world of commerce, using third party Debt Collection Agencies is very much common place within most major companies and organisations.
Standards within the Debt Collection industry have dramatically increased over the past 10 years and we have been at the very forefront of the massive increase in levels of professionalism in terms

Posted by FedMan on November 29th, 2016

Taking action to recover unpaid Business Debts is a must, say experts.

Figures from a recent survey suggest that the lack of action with regards to unpaid Business invoices is still a massive problem. According to Insolvency trade body R3, over 23% of company failures over the past year (up to August 2016) were blamed upon the non or late payment of invoices for business debts

Posted by FedMan on November 9th, 2016

Federal Management receives further Accreditation

Federal Management’s Award Winning Debt Recovery teams have been awarded further Accreditation, this time from the Credit Services Association (CSA)

Posted by FedMan on October 25th, 2016