UK debt collections
MARCH 24, 2022
Lloyds Bank head of construction Max Jones said: “Slow and late payments can tie up vital funds for far longer than optimal, making it harder for construction businesses to take on new projects or react quickly to any sudden downturns in trading. “UK Contractor late payment is a stain that has long tarnished the construction industry.
CICM
DECEMBER 9, 2022
We had a range of attendees from Health Care, Solicitors, Engineering, Insurance, and Construction, to name a few, which gave us an incredible array of responses to all the questions we posed to them. In contrast, Amey said there was a turndown in the waste side with fewer collections. Communication is key!
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Debt Recoveries
NOVEMBER 27, 2022
Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. Here are some suggestions for proactive steps that may take to improve your credit control and, ideally, avoid having to deal with debt collection. Tips from a Debt Collector .
CICM
JUNE 22, 2021
The Purchasing Managers Index from IHS/CIPS showed an increase to 61 – its highest since 2013. UK construction growth is the highest for over 5 years as demand sees an increase in raw material cost. But when cash collection targets are being met with the increased cash in the economy, older invoices will remain vulnerable.
Collection Industry News
NOVEMBER 2, 2020
Midland Credit Management, Inc. In Preston , the debt collector sent a collection letter that was inside of an envelope, which itself was inside another envelope. ” with no other reference to the creditor in the collection letter, was insufficient to meet the FDCPA’s standard. Niagra Credit Sols.
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