News

Browsing category: Debt Collection

Late payments and their effect on mental health

Late payments and their effect on mental health

Recent research conducted by Pay.UK has revealed that more than a quarter of SME business owners are stressed about late payments even when they are not in the office. A staggering two thirds (66%) have reported that late payments make running their business less enjoyable, and around 10% have needed professional support and counselling to […]

Read More >
Toughest challenges for new businesses

Toughest challenges for new businesses

Starting a new business can be both exciting and scary; it’s a huge achievement to get a business off the ground but can be difficult to maintain. Every business will face hardships and struggles no matter the size of the organisation, and here we look at some of the toughest challenges for new businesses to […]

Read More >
How to recover debts from companies

How to recover debts from companies

At Daniels Silverman we have compiled a list of the steps you should be taking to ensure that you are paid what you owed. Do your research: if a larger company has sub-contracted work to you and it is worth a lot of money, research the company. Are they known to be unreliable payers? Ask […]

Read More >
Debt Resolutions

Debt Resolutions

Sadly, a lot of resolutions fall by the wayside before we have even entered February. There are steps you can take to be more in control of your businesses’ financial situation that are realistic and so more easily kept as resolutions. Small steps can lead to big change if they are routinely implemented.

Read More >
What are my options when a debt becomes overdue?

What are my options when a debt becomes overdue?

Once an invoice becomes overdue, the likelihood of successfully collecting that invoices decreases the older that debt becomes.

Almost a third (31%) of SMEs have experienced late payments costing their business at least £10,000 in the last 12 months according to research released by Hitachi Capital UK recently. More worrying are the figures released by the Federation of Small Businesses (FSB) which states that 50,000 smaller firms go under every year due to late-paying clients. The FSB estimate that the cost to the economy in the UK is as much as £2.5 billion.

What options do businesses have when their invoices aren’t paid on time and become debt?

Read More >
Cash Flow at Christmas – not all Ho-Ho-Ho!

Cash Flow at Christmas – not all Ho-Ho-Ho!

Christmas is now upon us, the festive displays are up in the shops, the adverts are coming thick and fast and the first lot of office Christmas parties are already happening. While it is the season of good cheer, it is also the season of high stress for a lot of business owners. The invoices […]

Read More >
What can a debt collection agency do for your business?

What can a debt collection agency do for your business?

Why turn to a professional debt collection agency? You may think that there aren’t compelling enough reasons to partner with a collection agency, after all you have in-house staff who can try and chase unpaid invoices, why use a professional? However, if you have overdue invoices and are struggling what your next move should be, […]

Read More >