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Browsing category: Debt Recovery

Increased financial pressure on day-care nursery sector

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 […]

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Daniels Silverman calls for tougher regulation of Insolvency Practitioners

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 […]

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Daniels Silverman service to tackle private schools debt

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. […]

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Threat of insolvency offers fast debt recovery

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 […]

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What every FD should know about debt

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 […]

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Thousands of new business start-ups fail due to poor cashflow management

Thousands of new business start-ups fail due to poor cashflow management. The current environment is much tougher for start-up companies. The time spent chasing late payment is cited as the biggest obstacle facing business start-up clients and not having the resources available to recover money owed is one of the most common reasons given for […]

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