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Articles

Student Loans Firm Tightening Debt Collection Procedures

£29m has been written off as the firm responsible for the student finance system firm tightens its debt recovery procedures. With new means of revealing debtors’ work and income status, and advancement in chasing European students who have since left the country, the Student Loans Company (SLC) have made improvements across the board in an attempt […]

Commercial Dispute Resolution and Debt Collection

  Disputes can arise in many aspects of everyday business life and finding a fair resolution should be the objective of both parties. Easier said than done… Raising a ‘dispute’ can simply be a stalling tactic or a way not to pay for some unethical individuals. How you deal with this is your choice and […]

Choosing the right Debt Collection Agency

    When you are seeking a debt collection solution it is essential that you apply due diligence. There are over 400 Debt Collection Agencies in the UK so it pays to be diligent when seeking a debt recovery solution. You will find that only a small percentage can actually assist you or your business. Debt Collectors […]

Are you in need of Commercial Debt Recovery?

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 […]

National Debt of the United Kingdom Infographic

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 […]

Great advice for issuing invoices

Great example of a invoice template   We regularly encounter a small number of small businesses and sole traders do not have a formatted invoicing process. This can is cause problems and may well prejudice a claim for monies owed if the correct information is not on it. There is also the legal obligations that need […]

Can Directors be held liable for Company Debts?

  Disqualified Director Normally, Directors of Limited Companies in the UK are not usually held personally liable for Limited Company debts. Sometimes, the courts can hold one or more of a company’s Directors accountable for a firm’s debts during a insolvency process if a Director has found guilty of wrong-doing. Once a Company has become insolvent, the […]

“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 of […]

Customer gone into liquidation – so what now….?

Customer gone into liquidation? After the Christmas period, January is often a very challenging time for businesses – large and small. If the christmas period hit them particularly hard, some firms are forced to call in the administrators or go into liquidation. If you have a supplier or customer that has gone into liquidation taking […]

UK Businesses Top Excuses for Unpaid Invoices

Top excuses for unpaid invoices Excuses, excuses… Primarily, one of the most annoying aspects of running a business is chasing unpaid invoices. Secondly, it is dealing with some of the spurious rexcuses a minority of customers state is the reason for them not paying up. When you have worked in the debt collection industry for as long […]