Are you looking to start chasing late payment with letters and emails? It is something all too familiar for many businesses in the UK as the number of unpaid invoices continue to rise. When the payment date comes and goes and you are still waiting on getting paid it can not only be frustrating but …
Effective credit control is fundamental to generating a regularly stream of cash flowing through your business. Cash is reality, as the saying goes. Having effective credit control is fundamental to the success of your business. Over half of all bankruptcies are attributed to poor credit management and 50,000 SMEs in the UK fail every single …
Debt collection is a subject no business likes to talk about, but it’s important to know how to handle customers who are withholding payment from you for unpaid invoices. Here we share lessons from the very best in the commercial invoice recovery business. Our founder and CEO of Darcey Quigley, Lynne, shares five lessons she …
“The less said about 2020 the better.” This is the sentiment amongst many, and who can blame them? In a year unlike any other that we have faced in our lifetimes we have had to adapt and improvise to keep things ticking, make huge sacrifices and be much more resourceful. Let’s take a look at …
When it comes to making decisions, how do you know that you’re making the right choice? While some people make decisions based on intuition and instinct others prefer a less risky approach. In this blog, we share how business credit reports can be your friend in making those tough calls. What is a Business Credit …
How to Use Business Credit Reports For More Informed Decisions Read More »
This article was updated on 13th January 2021 After a year like no other where terms like “the new normal”, “furlough” and “you’re on mute” came into the regular vocabulary of millions in the UK, could things be on the up in 2021? We are optimistic but also realists, there will be some speed bumps …
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 »
