As the old saying goes “if something is too good to be true then it probably is”. You may think you have nothing to lose by using a cheap back street ‘No win – No fee’ debt collection company but you might want to know lose the money that you are owed! Whilst British Business remains in the […]
Federal Management has received full approval from the FCA in relation to performing Debt Collection and Debt Recovery Activities in the UK, following a lengthy administration process. The Debt Collection Industry is now subject to heavier scrutiny than ever and any legitimate Debt Collection Agency will be approved under section 59 of the Financial Services and Markets Act […]
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 you […]
Recovering Debt from overseas customers can represent a headache for any business, large or small. In the case of the smaller enterprise, a cash flow crisis can quickly turn into something far more serious so regardless of the location of your customer, it is imperative that it is tackled quickly and efficiently. While there is […]
Scottish businesses are less likely to enter insolvency than those in the rest of Britain, according to new analysis. Data released by Creditsafe said firms in Scotland have a 7% higher average credit rating than those in England and Wales. It rated companies north of the border as having a “good” level of creditworthiness while […]
There are “reassuring” signs the economy is continuing to recover and there is a “more upbeat mood” among the business community, Business Secretary Vince Cable has said. He told the CBI’s annual conference the UK needed to do more to drive exports to fast-growing countries. To help do this he said the government was continuing […]
Leading Commercial Debt Collection Organisation Federal Management has announced a 18% increase in Collection figures for the first quarter of 2013, compared with the first quarter for 2012. This latest announcement of record recovery figures will only further enhance the growing reputation of Federal and goes very much against the grain of current trends within […]
If you are in an industry where getting paid on time is a frequent problem, you should use a professional debt collection agency to collect late payments from all your debtors. Here are 5 ways in which a proficient debt collection agency like Federal Management can help you save time and money. We can help you get a […]
Official figures released by Accountant in Bankruptcy (AiB) last week report 5,601 personal insolvencies in Scotland in the first quarter of 2012/13 – a 14.9 per cent increase on the previous quarter and a 5.3 per cent increase on the same period in the previous year. In total there were 3,310 awards of bankruptcy, showing […]
William Rooney Williams, a West Midlands-based businessman, was sentenced to three years in prison at Wolverhampton Crown Court on 9 August 2012 for deception and fraud, following an initial investigation into his bankruptcy by The Insolvency Service and a criminal investigation and prosecution by the Department for Business, Innovation and Skills (BIS). Mr Williams is […]