As a fully licensed debt collection company that has been incorporated since 1984, we have a long history in providing advice on how to choose an ethical and trustworthy debt collection partner. But unfortunately sometimes this message doesn’t get through Continue reading
The Late Payments Directive, known more technically as Directive 2011/7/EU or the Late Payment of Commercial Debts Regulations 2013, came into force on March 16th and should mean better protection for businesses of all sizes – from freelancers to big Continue reading
Remember Dodgy Dave, the debt collector you don’t want to meet? Well, we described that article as “a work of fiction” but warned “this kind of person is out there”. Now it seems Slippery Stu – or, to use his Continue reading
When late payment goes beyond the limits of amicable pursuit, and it becomes apparent that the funds will never be willingly forthcoming, the remaining option is to go to court, in order to force the debtor to pay. Depending on Continue reading
Small to medium-sized enterprises (SMEs) are struggling to tackle late payments from clients who, in the worst instances, miss three or more invoices per year. Almost half (47%) of SMEs surveyed by Barclays said that their least reliable customers fail Continue reading
The Daily and Sunday Telegraph have launched a series of articles reporting on late payments – and on the battle lines being drawn by those affected by and involved in settling overdue invoices. In a Daily Telegraph report, for instance, Continue reading
Small firms in Ireland are waiting an average of 62 days for their invoices to be settled, but when it comes to debt collection Ireland’s entrepreneurs are still reluctant to take action. These are the findings of the Small Firms Continue reading
Insolvency turns £4.7bn of non-payers into never-payers Each year, £4.7 billion of unpaid invoices in the UK are simply wiped away by insolvency and winding-up procedures, according to an Experian report. From the smallest ‘micro firms’ to the biggest brands, Continue reading
The Prompt Payment Code and the Supply Chain Finance Scheme – what’s going on? The current economy is turbulent enough, without seemingly conflicting schemes being launched to help businesses with credit control and late payment. But in recent weeks, both Continue reading
If you’re a small-business owner and you’ve never heard of the Supply Chain Finance Scheme, announced today, sit down and put anything breakable well out of reach, because you’re going to want to smash something pretty soon. The SCFS is Continue reading