Category Archives: Debt Recovery

Prompt Payment? What can SMEs do?

Speaking at the CCR-i event on 1st October 2013, Rt Hon Michael Meacher (MP for Oldham West & Royton and Member of the All Party Inquiry in to Late Payment in SME’s stated; • £36 billion is owed to SME’s … Continue reading

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Tip sheet 8, Are you limiting your exposure to bad debt

Cash flow remains a key concern for Companies with a number of Companies juggling their creditor’s demands for payment. Our experience is that the average number of days for payment of an invoice continues to increase which in turn is … Continue reading

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Tip sheet 7, Are you spending good money to chase bad?

It is a fact that there is little point chasing a “man of straw”. The difficulty is not normally accepting this as a fact but identifying whether a particular debtor is indeed a man or company of straw. There are … Continue reading

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Tip sheet 6, simple steps to improving your account opening process – but will this help your internal credit control?

Many difficulties faced by businesses in their credit control procedure stem from defects in the initial account opening process. Where a business grows, it might be that the account opening process is not updated to reflect problems that are experienced … Continue reading

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Tip sheet 5, Spotting the signs of insolvency

There are steps you can take as a business, to “spot” the signs of insolvency. This is important for two reasons; 1.If you continue to supply goods or services to a business that you fear might be facing insolvency, it … Continue reading

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Tip sheet 4, steps you can take to improve your internal debt recovery rate

DELIVERY OF AN INVOICE: •Ensure that an invoice is delivered promptly and accurately and that the invoice states the customer’s full name. Make sure that you are able to clearly and correctly identify your client’s name and status – is … Continue reading

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Tip sheet 3, What can you do when you hear a debtor is insolvent

More frequently, we are approached by clients who have “heard” that their debtor is insolvent. It might be that the business has heard this on the grapevine, or that they have heard informally from the debtor. Alternatively, a business might … Continue reading

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Tip Sheet 1 – Focusing on your sales team as part of the debt recovery process

There are many things that a business can do to help improve its debt recovery. Many of these are simple and free. Businesses often do not think about credit control, until after an invoice becomes overdue. Businesses should focus on … Continue reading

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Are you limiting your exposure to bad debt?

Cash flow remains a key concern for Companies with a number of Companies juggling their creditor’s demands for payment. Our experience is that the average number of days for payment of an invoice continues to increase which in turn is … Continue reading

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Debt Recovery: Fact Sheet 7 Are you spending good money to chase bad?

It is a fact that there is little point chasing a “man of straw”. The difficulty is not normally accepting this as a fact but identifying whether a particular debtor is indeed a man or company of straw. There are … Continue reading

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