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Browsing category: Debt Recovery

No-Deal Brexit: Uk firms ‘not even close to ready’

No-Deal Brexit: Uk firms ‘not even close to ready’

UK firms not ready Figures seen by Newsnight suggest that many UK businesses are woefully unprepared for a no-deal Brexit. In February HMRC launched a scheme aimed at easing imports if the UK left the customs union and single market suddenly. The Transitional Simplified Procedures scheme (TSP) has been designed to help UK businesses import […]

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Late Payment Reminder Issued By Minister

Late Payment Reminder Issued By Minister

“For many small businesses, the difference between getting paid in 60 days and 90 days can be vital. Cashflow problems due to late payments are a real problem for SMEs in this country and with first quarter figures showing a rise in insolvency among smaller businesses, it is an issue that needs to be robustly addressed.

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Energy Regulator Ofgem under pressure

Energy Regulator Ofgem under pressure

Energy Regulator Ofgem under pressure after third energy supplier in three months goes bust. Energy regulator Ofgem is facing renewed calls to toughen up on start-up energy suppliers as the number of failed energy groups reaches three in less than three months. Ofgem sought to encourage more competition in the energy market and intentionally lowered […]

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How long can you chase a debt?

How long can you chase a debt?

‘How long can you chase a debt for?’ ‘What are the time limitations on recovering money?’ ‘Have I left it too long to try and get the debt paid?’ These are all common questions asked by people who get in touch with us at Daniels Silverman. In this blog we hope to give you some […]

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Staffing & Temp Agencies: Keeping Business Moving

Staffing & Temp Agencies: Keeping Business Moving

Building a strong workforce and ensuring continuity in your service or product is key for any business and one of the best ways to guarantee that service doesn’t suffer is to use a reliable temp agency. 20% of companies now report that they are using temp agencies; their expertise and experience allows them to spot quality candidates and weed out the unreliable to provide you with the flexibility that is necessary in order to run your business effectively. The agency will do the work of screening the candidates and ensuring only those who can fulfil the role are sent.

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Sole Trader Debt Problems – How to collect money owed for work done

Sole Trader Debt Problems – How to collect money owed for work done

Many sole traders and small businesses are unwilling to chase bad debt.
Research has shown that many of these are hesitant about doing so because of how awkward or uncomfortable it makes them feel. Others do not pursue what they are owed for fear of antagonising or alienating a customer who they want to keep. Even if these businesses have started trying to recover the money 3 in 10 will simply give up before they have their money.

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When should I consider using an agency to collect my debt?

When should I consider using an agency to collect my debt?

Chasing overdue payments from clients can be a time-consuming and frustrating process, and there are a number of different circumstances where using a professional would be the best option for your business. But how do you know when it’s the right time to ask someone to take over this role for you?
At Daniels Silverman we have identified 5 circumstances when using a debt collection agency would benefit your business.

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