This case highlights the impact debt recovery can have on a business! Our client in the plastic manufacturing business came to us with 20 unpaid invoices ranging from £300 to £90,000 with their total debt accumulating to over £190,000.
In recent weeks, the insolvencies of renowned companies like Harland & Wolff, TGI Fridays and ISG Construction have sent shockwaves through the business world. These instances serve as powerful reminders of the importance of effective debt recovery practices in sustaining businesses and preventing financial crises. In this blog, we delve into the stories of these three iconic companies and explore Darcey Quigley’s involvement in these cases.
The highly competitive nature of the construction sector, coupled with factors such as payment delays, supply chain disruptions, and fluctuating market conditions, can create a perfect storm that leads to insolvency for many construction businesses.
No business likes to hear the word ‘debt’. But for most businesses, this term often pops up every now and again. While liabilities are necessary for establishing wealth, it is important to consider the significant and sometimes detrimental impact existing debt owed to a business can have on their overall success and survival. This is …
1 year old $60k debt paid in 1 day.
Debt has long existed within our society. Even before currency and money even existed, the necessity for debt recovery has been a recurring issue for many people and businesses. So, how has debt recovery actually evolved over thousands of years, and how has it helped many markets repair economic growth. This blog discusses the historical …
Welcome to the month of September! Schools are back and the year is going fast…is it too early to mention Christmas? Although the summer months are typically harder to get in touch with debtors, during August our team have been working hard to take that pressure off businesses both in the UK and Internationally! Let’s …
Consumers are the lifeblood of any business. Without them, businesses would simply not exist. So, when a recent study conducted by Xero asked consumers their thoughts and opinions on late payers, the answer would certainly come as a surprise to those considered as one. This blog discusses the negative impacts being a debtor can have …
The recent decrease in the UK interest rate has significant implications for businesses, particularly concerning late payment risks. As businesses adjust to lower borrowing costs and potential cash flow improvements, they must also remain vigilant about managing late payment challenges effectively. In this blog post, we will explore the impact of decreasing UK interest rates …
Understanding Late Payment Risks Under the New UK Interest Rate Read More »
Welcome to August! It’s been another busy month getting our clients paid! Let’s take a look at what’s been happening here at Darcey Quigley in July! The DQ Team is Growing! July was a month of growth at Darcey Quigley with two new members joining our team! First up Michael Frith who joined as PPC Manager. Michael is our in-house …
