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Late paying contractors to be hit with public work ban

UK debt collections

Late paying contractors are to be prevented from procuring government contracts under new proposed legislation. Coming into effect from April 2024, firms bidding for Government contracts over £5m will have to demonstrate they pay their invoices within an average of 55 days.

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B2B Debt Collections in 1.2.3

Enterprise Recovery

If you've agreed to contract with another business, you are providing valuable products and services that benefit their company's success. Likewise, their payment to your business is cash flow that keeps your company running smoothly. Or you can work with an professional agency that takes these steps with you.

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Collection Agency for Snow Removal Companies

Nexa Collect

Their customers can be a small business, government, large corporates as well as private homeowners. Snow removal services are a staple during the winter months. Any minor error can cause a slip and falls liability lawsuit that can have a devastating impact on the future of the business. Snow Removal Cost.

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Amendments to Banking Statutes Sent to Connecticut Senate

Troutman Sanders

The proposal also includes requirements for: Service Provider/Agent Licensing. Vehicle Installment Contracts. Raises the limit for sales finance company’s installment contracts on vehicles (from $50,000 to $75,000) and equipment (from $16,000 to $25,000). Requires additional persons to obtain small loan licenses.

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Is your consulting firm losing cash flow? 4 tips to get back on track

American Profit Recovery

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This might not be like other industries we serve such as lawn care professionals where the lawn is serviced, and a bill is sent.

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3 effective ways to deal with your late paying customers

American Profit Recovery

While there may be many unknowns when running a small or large business, one thing we know for sure is that late-paying customers and clients are part of operating any size business. You were asked by a consumer to provide services or products and you did your part. Never doubt that this money is owed to you by your customer.

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Questions to ask a commercial collection agency before hiring

American Profit Recovery

A commercial collection agency is an agency that works to resolve debt between two businesses. No business, no matter the size, wants to lose a customer. If your customers are not treated fairly, you risk losing substantial amounts of business. Many companies that extend credit to other businesses do so in other states.