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 […]
“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 […]
“We found Daniels Silverman on the internet after searching for a successful debt recovery agency. Daniels Silverman were extremely efficient at updating us on the progress of our collection, and successfully recovered our outstanding debt from two very difficult customers. 10/10 for Daniels Silverman! “ Alan Lawrie – Owner, Rock It Music.
“I started using Daniels Silverman’s debt recovery service in June 2010 after a tour of their office and seeing how they work and meeting key staff members. I was very impressed with what I saw and their personal approach. They have successfully collected every debt I have passed to them and on the majority also collected their […]
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 […]
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 […]