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Browsing category: Debt Recovery

How to choose a debt collection agency/Do I need a collection agency?

How to choose a debt collection agency/Do I need a collection agency?

Having unpaid and overdue invoices is nothing new to businesses and the current economic climate is only likely to make it a more common issue. All businesses, whatever sector you operate in, will at some point come across clients who don’t pay their bills. All email requests for payment go ignored and they are always […]

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From crisis management to recovery phase

From crisis management to recovery phase

The coming few weeks will see the biggest tests so far in the drive to get the country and the economy moving again. From August 1st the government will begin to scale back the furlough scheme which has been the biggest single economic intervention of the crisis and has so far benefited over 9 million jobs. Moving forward businesses will be asked to contribute some of their own money to keep staff on furlough and funds will be completely removed by October in order to encourage everyone back into work.

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Economy opening up after Lockdown?

Economy opening up after Lockdown?

More of the economy is opening up and people are now able to go out for a meal, go to the pub and cinema and go on holiday to number of destinations without having to quarantine on their return. The return of these businesses is a welcome sign that there is some semblance of normality […]

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How valuable is your time?

How valuable is your time?

All businesses rely on being paid for goods or services provided. This is what generates profit and keeps a businesses’ cash flow healthy allowing it to pay staff, expand product lines or services and invest in the future growth of the company. However, this transaction is not always as straightforward as it should be. The time spent chasing late payment is cited as the biggest obstacle facing business clients and not having the resources available to recover money owed is one of the most common reasons given for failures.

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Agile and Adaptable Debt Collection

Agile and Adaptable Debt Collection

As we emerge from the lockdown and move towards a new normal, it’s important for firms to be flexible, agile and adaptable in order to keep working and growing their businesses. We have seen may instances of businesses in the food and drinks market moving quickly to a delivery only model, while other firms have […]

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Roadmap to Recovery for construction

Roadmap to Recovery for construction

As we start to emerge from the lockdown and some sectors are back at work, the CLC has unveiled the Roadmap to Recovery plan for the construction industry, detailing how the industry needs to work over the next 2 years in order to recover. Daniels Silverman is a family owned firm that is entering its 25th year of operating successfully in the credit management and collection sector. We work in partnership with our clients, getting to know them and their customer relationships. We operate ethically and our professional debt collection team confidently provides bespoke debt recovery solutions for our clients, no matter how big or small. That is just one reason why we are regarded as one of the top debt collection and credit management companies in the UK.

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Late Payments – The forecast looks bleak for 2020

Late Payments – The forecast looks bleak for 2020

Late Payments 2019 proved to be a difficult year on many fronts for businesses. Uncertainty surrounding the outcome of Brexit, changes in leadership, the 3rd general election in 4 years, a contraction in manufacturing and housing growth and the collapse of another large, high profile company, Thomas Cook, all made for a turbulent year. One […]

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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 […]

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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 […]

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