Category Archives: Debt Recovery

Debt Recovery: Fact Sheet 6; Simple steps to improve 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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Debt Recovery: Fact 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, … Continue reading

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Debt Recovery: Fact Sheet 4; Simple steps that 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 – … Continue reading

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Debt Recovery: Fact Sheet 3 – What can you do when you hear that a debtor is insolvent? What does this mean for you as creditor

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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Debt Recovery: Fact Sheet 2 – Simple steps to improve your debt recovery

The Importance of your Terms and Conditions When taking steps to improve your internal credit control function, one of the key things to get right is your customer facing terms and conditions. A well drafted set of terms and conditions … Continue reading

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Debt Recovery: Fact Sheet 1 – Simple steps to improve your debt recovery – focusing on your sales team!

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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The Financial Black Hole!!!

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 … Continue reading

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Sensible debt control can be an alternative to redundancies

by Maria Koureas-Jones, Assistant Solicitor at Breeze & Wyles Solicitors LLPIn these uncertain times, how do businesses with a profitable core operation ensure that they are able to grow when new opportunities arise? Business decision makers should focus on maintaining … Continue reading

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SME CORNER: Cost saving – debt recovery v redundancy

In these uncertain times, how do businesses with a profitable core operation ensure that they are able to grow when new opportunities arise? Decision makers in business should focus on maintaining a strong cash-flow position . In a recession cost … Continue reading

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Why it is good for me? Getting the terms of Trading right

A basic understanding of the law English law requires four elements for the formation of a contract:• an offer;• a corresponding acceptance;• consideration; and• an intention to create legal relations.Having properly drafted and signed terms and conditions will ensure that … Continue reading

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