The number of UK construction companies in significant financial distress has risen by a quarter in the past year and doubled in the past 18 months. According to Begbies Traynor’s Red Flag Alert research for Q1 2018, which monitors the financial health of UK companies, 60,541 construction companies and 115,249 support services companies are in […]
Changing face of debt collectors The popular perception of burly, aggressive collectors banging on doors and threatening debtors with baseball bats is thankfully a thing of the past in the debt collection industry. Nowadays, debt collectors operate ethically within strict guidelines and are suited, booted and use sophisticated investigative tools as the main means of […]
The mis-selling of Payment Protection Insurance (PPI) has been widely documented over the last few years. It was initially estimated that there were as many as 2 million consumers who had been sold PPI unnecessarily. However, it has become clear that there are considerably more people affected than this. As a result, it is estimated […]
Leading credit management and collection company Daniels Silverman has appointed two new directors Roger Eagles and Arthur Duffy to further increase their expertise in the collections arena. This will ensure clients are provided with the best service levels in the industry following a surge in demand for late payment advice from both corporate and small […]
New rules to introduce maximum payment periods for public and private sectors should be quickly implemented and properly enforced to shield European businesses from the strain of late payments says Carole Hughes, managing director of debt recovery agency Daniels Silverman. “The European Parliament’s Late Payment Directive which recently won support from MEPs will introduce new […]
The new EU Late Payment Directive which comes into force on the 16th March 2013 is good news for SME’s. Used effectively in credit control procedures, it will boost cash flow and profitability. In essence it strengthens the provisions of the Late Payment of Commercial Debts Act by ensuring private sector businesses pay their debts […]
“Our system automatically generates invoices for the annual management fee, which are then sent to members. If the fee remains unpaid then a reminder would be generated and sent out. And previously that would have been that. We simply did not have the staffing resources required to spend time chasing the unpaid fees. A growing number […]
“Hassle free and effective. We have used Daniels Silverman’s debt collection services for 12 years and in that time we have always found them to be professional. They offer a hassle free and effective service; we simply fax them the details of missed invoices and they do the rest, saving us time and energy. Unlike some […]
As difficult trading conditions look set to continue for some time, cash must remain king and keeping a tight rein on debt is more crucial than ever. Effective cash flow management and liquidity within a company is essential for survival. With the banks still reluctant to lend in many cases, SMEs are struggling to obtain credit. Securing […]