Debt recovery within the construction industry takes specialist knowledge and understanding of the sector. Construction contracts are often very complex, (sometimes deliberately so), and this results in businesses being paid less than they are owed, not being paid on their terms or not being paid at all.
Browsing category: cashflow
The sector remains strong and is estimated to be worth over £35 billion, this combined with increased confidence in the economic forecast despite Brexit, means that this could be a record year for recruitment. Although the sector is buoyant, receiving payment for their services appears to be an ongoing problem in the industry.
It feels like it begins earlier every year and no matter how you feel, there’s no stopping the advance of the festive season, and while it is the season to be jolly, it can also be a season of stress for many business owners.
Daniels Silverman are very experienced in collecting student accommodation type debts and understand the unique demands of the sector. We’re always working to make sure we are constantly up to date with best practice and any changes in legislation. We are qualified, regulated and ethical and our approach is driven by the core idea that we need to recover your losses without hurting your business.
Nursery owners have expressed their frustration that paying nursery fees are often low on parent’s financial priorities and can appear the easy option to miss during a tight month. Many nurseries walk a fine line between rising costs and wage increases and the need to keep fee increases in check.
Are you a Vet or veterinary practice have a list of patients debts were its well past reasonable time for the debt to have been settled?
There are some frightening figures out there relating to cash flow and the problems that small businesses encounter with late payment from clients. These late payments can have serious knock-on effects for the small business owner, meaning that they can be left in a situation where they are unable to pay their suppliers and so the spiral of stress and uncertainty continues.
This blog talks about Subscription type debts and how they come about. We talk about Gym memberships after Christmas and cinema passes, with people thinking, ‘it will save money in the long run and I’m sure I’ll go enough to make it worth my while.’