Chasing monies owed is a time-consuming business – but do not give up. Here in the UK, the weather takes the rap for everything. Bad retail figures? Blame it on the snow. The transport network collapses? Leaves on the track because it’s too windy. The bad weather was even blamed for an increase in the […]
08/04/2011 – Business Credit Management UK – Proposed changes to pre-pack administrations are inadequate and fail to protect creditors
The Government yesterday outlined proposals which it hopes will increase the “transparency” of pre-packaged sales of companies that have gone into administration. Edward Davey, the Minister for Employment Relations, Consumers and Postal Affairs at the Department for Business Innovation and Skills, said the biggest concerns about pre-pack sales related to cases where the business and […]
A recent insolvency survey among SMEs by leading commercial debt recovery company Daniels Silverman has found that a massive 96% of businesses believe that insolvent companies should not be allowed to escape debts by transferring assets to a new company, operating under the same directors and in a similar guise, under pre-pack administration known as […]
Many small and medium sized enterprises (SMEs) are leaving themselves open to payment disputes because of ineffective terms and conditions (T&Cs). This significantly increases the likihood of a late payment becoming a bad debt. And with late payments and debt levels at an all time high SMEs cannot afford to ignore common pitfalls. By Carole […]
Carole Hughes, managing director of leading credit management and collections agency Daniels Silverman, speaking on recent predictions of a 10% rise in company insolvencies in 2011. “A recent Begbies Traynor report suggests that more than 23,000 firms are likely to face insolvency during 2011. The report indicates an increase of 20% of firms experiencing significant […]
Thousands of new business start-ups fail due to poor cashflow management. The current environment is much tougher for start-up companies. The time spent chasing late payment is cited as the biggest obstacle facing business start-up clients and not having the resources available to recover money owed is one of the most common reasons given for […]
Fuel retailers represented by oil industry membership organisation, the British Oil Security Syndicate (BOSS), are recovering 88% of money owed to them for fuel following ?no means to pay incidents? at service stations, since partnering with leading debt collection agency Daniels Silverman. It is estimated that the UK oil industry lost around £3 million in […]
If you are a landlord unable to recover your lost rental income then it is worthwhile speaking to a debt recovery company, who can apply pressure on your behalf to recover monies owed. Debt Recovery companies set out to recover money in a professional and speedy manner establishing contact with the errant tenants within 24 […]