UK debt collections

APRIL 16, 2021

Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners.

Credit Management 80

Credit Management Debtor Trade Collections 80

Debt Recoveries

DECEMBER 14, 2020

Slow paying debtors means more cash is locked-up so you cannot use it to pay your own bills and staff; this is usually the biggest contributor to bad cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Can you pay your bills as they fall due?

Debt Recovery 98

Debt Recovery Collection Agent Debtor Collection Agencies 98

CICM

JULY 13, 2021

The Company Voluntary Arrangement (“CVA”), was a new insolvency procedure which was introduced by the Insolvency Act 1986 to provide a simple recovery procedure whereby the majority of a company’s creditors could agree a formal arrangement to compromise all creditors’ debts, thereby allowing the entity to continue trading. 0207 465 1932.

Creditors 40

Creditors Trade Credit Management Debtor 40

Debt Recoveries

AUGUST 29, 2021

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. . Solvency . Customers . Creativity .

Debtor 52

Debtor Debt Recovery Collection Agent Collection Agencies 52

CICM

NOVEMBER 29, 2022

However, a petition may cause the following issues: It is likely to sever any potential future trade with the debtor. A guest blog by Menzies and Shoosmiths appeared first on Chartered Institute of Credit Management. Letter Before Action. Petition for bankruptcy or winding up of a company. 44 (0) 3700 864 192.

Bankruptcy 40

Bankruptcy Banks Credit Management Debtor 40

Debt Recoveries

MARCH 26, 2020

Slow paying debtors means more cash is locked-up preventing you from using it to pay your own bills and staff; this is normally the biggest contributor to poor cash flow. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. Can you pay your bills as they fall due?

Debt Recovery 52

Debt Recovery Debtor Collection Agent Collection Agencies 52

On Guard

MARCH 15, 2022

A dealer who sells passenger cars usually receives the sale amount after 23 days, while the trade in heavier commercial vehicles must wait no less than 40 days for payment. Please note that credit insurance companies assign a different, often limited, limit to each debtor. But the differences are big.

Creditworthiness 52

Creditworthiness Collection Agencies Collections Agency Credit Management 52