Cash flow is the movement of money in and out of your business and it is critical for your business to survive. It can be easy for your cash flow to go unmonitored, but carefully managing your finances will help to improve your cash flow. Essentially, if you have more cash coming into your business …
Deciding when and if to outsource your debt collection to an agency is one of the biggest credit management decisions your finance department will make. But how do you know when the right time is? How long should you leave it? And is it worthwhile outsourcing at all? Here, I share some of the tell-tale …
When Should You Outsource To A Commercial Debt Recovery Company? Read More »
We understand how precious our clients time is when chasing overdue accounts. By the time you are even considering outsourcing your debt recovery you may have been chasing your debt for months. Take the stress away from continual chasing. Our process for collecting debts is simple. Darcey Quigley pride ourselves on the quality and professionalism …
How do you know if a potential customer is credit worthy? Jumping into business with a customer before checking to see if they’ll be able to repay your credit terms can have detrimental effects for business. In this current economic climate making smart financial decisions are crucial to sustaining a healthy cash flow. In this …
What You Should Look For When Giving Business Credit Read More »
The impact of COVID-19 has been monumental for a lot of us, particularly for business. UK Chancellor Rishi Sunak has today warned “the UK economy will contract by 11.3% this year, the largest fall in output for 300 years.” He then went onto state that economic output won’t reach pre-crisis levels until Q4 2022. The …
Official Forecasts Now Predict The Biggest Economic Decline In 300 Years Read More »
When it comes to collecting debts on behalf of your business, we know first-hand that you have many questions about the process. In this article, I share insight into the commercial debt recovery process and why it might not be what you think! The Debt Collection Process When people hear the term ‘commercial debt collection’ …
An Insight into Commercial Debt Recovery – it’s not what you might think! Read More »
Being paid on time is now more important than ever given the economic upheaval caused by COVID-19. From businesses going through administration to account disputes there are several reasons that a customer will pay you late. Being paid on time is essential to your business’ survival, they support a healthy cash flow and prevent your …
How to Handle Poor Payment Behaviour From Businesses Read More »
Age of invoice: 4 months old Principal Sum: £12,000 Days to recover: 10 days A recent client within the manufacturing industry got in touch to discuss a 4 month old debt. They explained how the debt was worth £12,000 and there had been previous contact with the debtor on several occasions arranging a payment …
Over the years debt recovery has gathered a very negative perception from almost everyone. But why? When someone says the words “debt recovery” what springs to mind? Man chapping your door Damage your brand Stealing money Unprofessional Can’t pay take it away Extreme Measures Dishonesty Can’t trust them Ironically, most people with these opinions …
Taboo – Why do so many people hate debt recovery? Read More »
What if you could recover your outstanding accounts free of charge? Would you use a pre-litigation debt recovery company… Glasgow based commercial debt recovery company Darcey Quigley & Co have applied a real focus on recovering all additional costs from debtors. Working under the Late Payment of Commercial Debts Act 1998, they don’t only recover …
