More bad news for SMEs. Use our free top tips to boost cashflow and reduce bad debt Current financial news points to the 2012/13 financial year being another tough one for small and medium enterprises. Since October 2009, according to the Bank of England, lending to SMEs has fallen every year. Latest insolvency statistics released […]
“We chose to work with the team at Daniels Silverman because we found their straight-talking, but friendly and professional, approach appealing to us as a company. We have constant contact with our account manager, and appreciate their jargon-free and proactive way of working. Our partnership has helped us strengthen our internal processes, allowing us to maintain […]
“We found Daniels Silverman when searching online. We have always found the service to be very good and they did exactly what they said they would – which was to collect my outstanding debts in full with the debtor paying my charges in full. I was very happy with the service and would definitely recommend […]
Edward Davey announced yesterday that the Government is to take no action to strengthen the legislation governing pre-pack administrations. This is extremely disappointing, especially when their own 18 month consultation revealed how unfair they can be on unsecured small business creditors. Carole Hughes, managing director, Daniels Silverman, says: “Whilst the final decision had been delayed […]
“The collection of small debts by service stations is an administrative nightmare. The BOSS scheme managed by Daniels Silverman has centralised the collection process, significantly relieving this burden and has enabled our members to take advantage of Daniels Silverman’s debt collection expertise.” “Daniels Silverman has helped us to put in place a co-ordinated system for […]
“As a packaging company our focus is winning new business and sales. We don’t want to spend time chasing customers for payment. We referred a debt to Daniels Silverman as our own efforts to retrieve money owed had proved unsuccessful and we weren’t being taken seriously. Daniels Silverman were very professional, which was important as […]
“Daniels Silverman did an extremely good job for us and their service was excellent.We would definitely use them again. We had a large debt outstanding for staff which we had supplied to a company who refused to pay. Despite a court Judgment being granted in our favour we found that enforcing it through solicitors would […]
Andre Reid was forced to pawn his Mercedes when the economic downturn left him temporarily without the money to pay the fees at his sons private school. Unable to secure a bank loan, the IT consultant, who earns £50,000 a year, took out a £5,000 loan against his £13,000 car, ensuring 13-year- old Lydon was […]
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 […]