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 […]
The Importance of Commercial Debt Collection Getting paid by your customers is absolutely crucial to your businesses cash-flow, slow and non paying customers can have serious impacts and not getting paid can quite literally put you out of business. If your customers are not paying then you should consider a commercial debt recovery plan to […]
The UK National debt is the total quantity of money borrowed by the Government of the United Kingdom at any one time through the issue of securities by the British Treasury and other Government agencies. Official figures state that as of July 2011 the British national debt amounted to £940 billion, or 68% of total […]
We have developed and launched a brand new website to benefit our client and debtor alike – http://www.fm-debt.co.uk The new site will provide debtors with helpful information on how to make payments and is also packed with useful information on the different stages of our collection processes and what to do should they receive any communication […]
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 […]
Unpaid invoices On a daily basis, our expert New Business Team hears stories from clients relating to excuses given for non payment from their customers. These range from the usual to the just plain bizarre and insulting. Whilst many excuses will be valid reasons, a minority will always take advantage of peoples good nature for their […]
In the modern day world of business, prompt payment has a very important role to play in the maximising of a company’s cash flow. For undisputed payments, a straight forward and expedited process will smooth the profitability of your company therein. One situation that arises for some companies is whether it is deemed ethical, professional and indeed, […]
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 […]
Late paying customers and clients 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 a glut […]
We would like to take this opportunity to wish all our clients, old and new, a very Merry Christmas and a happy prosperous New Year from all at Federal Management. Our operating hours at all our locations (Lancashire, London, Manchester & Scotland) over the festive period will be as follows: Friday 22nd December 8.30am – 2pm Closed 25th […]