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Debt Collection in Unprecedented Times

Debt Collection in Unprecedented Times

Today companies are facing an unprecedented situation. Many businesses are unable to trade, some have had to alter the way they trade, and most staff have had to relocate and are now working from home. While the government has offered a £330 billion loan package to help businesses through this time, this may not be […]

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Going greener in 2020

Going greener in 2020

With businesses across the UK seeking to reduce their impact on the environment due to the current climate crisis, we look at the cost of really going green for SMEs in 2020. Businesses are one of the largest consumers of resources, and with severe weather across the globe and greater public awareness of climate change, […]

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2019 – Why so many businesses failed

2019 – Why so many businesses failed

2019 proved to be a tough year for many businesses, with research showing that the combined turnover of companies that went bust was around 1.2billion. With firms going under, this left many subcontractors and suppliers with huge losses unlikely to be recovered, leading to potentially even more businesses failing. So why did so many businesses […]

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Late payments and their effect on mental health

Late payments and their effect on mental health

Recent research conducted by Pay.UK has revealed that more than a quarter of SME business owners are stressed about late payments even when they are not in the office. A staggering two thirds (66%) have reported that late payments make running their business less enjoyable, and around 10% have needed professional support and counselling to […]

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Draft legislation to deal with late payments

Draft legislation to deal with late payments

Late payment is crippling small businesses while the UK economy is crying out for investment. By failing to tackle late payment we are starving our small businesses of the capacity to act. The recent huge escalation in outstanding payments shows that decades of promoting ‘culture change’ has only made things worse. This bill will tackle the issue once and for all with a package of measures that is operable, impactful and measurable.

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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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What is a Statutory Demand?

What is a Statutory Demand?

If your customer meets the criteria and they have failed to pay your invoices as and when they fell due, you can serve a statutory demand to ask for payment of a debt from either the individual or company.

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What can a debt collection agency do for your business?

What can a debt collection agency do for your business?

Why turn to a professional debt collection agency? You may think that there aren’t compelling enough reasons to partner with a collection agency, after all you have in-house staff who can try and chase unpaid invoices, why use a professional? However, if you have overdue invoices and are struggling what your next move should be, […]

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Legitimate Collection Agency – don’t fall for a scam

Legitimate Collection Agency – don’t fall for a scam

Debt collectors or debt collection agencies are usually hired by creditors to recover money they are owed for goods or services. The majority of collectors and agencies are legitimate, ethical and honest and work within a strict set of guidelines and codes of conduct. However, the problem of bogus or scam debt collectors is becoming […]

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