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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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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 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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Haulage Industry debt concerns

Haulage Industry debt concerns

The UK’s haulage industry is facing some major concerns at the moment with many fearful that the situation may worsen post Brexit. The productivity and competitiveness of the UK economy is dependent upon having an efficient road haulage sector and road infrastructure that works for all users. Everything we eat, drink and wear depends on […]

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How does UK Debt Collection Work?

How does UK Debt Collection Work?

There is a lot of confusion and misinformation around the work done by UK debt collection agencies and they have not always had a good time in the press. But is it really a murky business full of cowboy companies getting money back by any means necessary? The short answer is no. Debt collection agencies […]

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Mixed reactions to late payment proposals

Mixed reactions to late payment proposals

There will be a government consultation on strengthening the powers given to the Small Business Commissioner to hold firms to account should larger companies fail to make their payments on time. What these powers would be is not certain, but they could include enforcing binding payment plans or imposing financial penalties on businesses found to have unfair payment practices.

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