Credit management and debt collection company Daniels Silverman has seen a staggering 1575% increase in the number of enquiries it has received from businesses in the automotive sector from June 2010 to June 2011 signifying a massive deterioration in business conditions for the industry. Daniels Silverman managing director Carole Hughes says: “An increase in enquiries […]
Hotel and catering companies have been hit hard by the financial crisis. At Daniels Silverman we have seen a steady rise in the number of suppliers and hotels seeking our help with debt recovery over the last year. Serious cash flow problems have forced some businesses into bankruptcy and many others are on the brink […]
Credit management and collection company Daniels Silverman has seen a massive 250% increase in the number of consumers it is collecting debts from becoming insolvent through bankruptcy or individual voluntary arrangements (IVAs) in the last 6 months. Carole Hughes, managing director, Daniels Silverman, says: “People are really struggling to make ends meet and are resorting […]
Credit management and collections company Daniels Silverman has launched an online petition campaigning for statutory force to be given to the Statement of Insolvency Practice (SIP 16) along with penalties for non-compliance, to help prevent abuse of the pre-pack administrations system by companies avoiding debt. Carole Hughes, managing director, Daniels Silverman, says: “There are a […]
Daniels Silverman canvassed its nursery clients on their concerns for 2011 and found 86% expect the year ahead to be financially tougher than 2010 due to increased tightening of household finances. It discovered that 82% of parents had expressed concerns about their financial situation and predicted a rise in payment arrears as a result. Carole […]
Credit management and debt collection company Daniels Silverman has called for tougher regulation of Insolvency Practitioners (IP) in its response to the governments Consultation on Reforms to the Regulation of Insolvency Practitioners, which closed on 6 May. Daniels Silverman believes the current regulatory framework needs strengthening and that an independent complaints body should be created […]
Credit management and debt collection company Daniels Silverman has established a dedicated private schools team in response to the growing number of private educational establishments that are turning to them for help with fee arrears. Daniels Silverman has more than 70 schools and colleges on its books, a 35% increase in the last 12 months. […]
As the cost of County Court action soars, credit management and debt collection company Daniels Silverman is advising small to medium sized enterprises (SMEs) to consider threatening insolvency as a means to recover debt. Daniels Silverman achieved a 90% resolution rate on behalf SMEs, between 2008 and 2010, in cases where Statutory Demands or 72 […]
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 […]