Many companies are looking at ways to survive that include streamlining their operation in order to become more profitable and agile. Ensuring that the business stays competitive and has adequate cash flow is key to coming through the crisis. The lockdown has given some business owners the opportunity to look at how their operations have been running and to see where they could make time and efficiency savings.
All businesses rely on being paid for goods or services provided. This is what generates profit and keeps a businesses’ cash flow healthy allowing it to pay staff, expand product lines or services and invest in the future growth of the company. However, this transaction is not always as straightforward as it should be. The time spent chasing late payment is cited as the biggest obstacle facing business clients and not having the resources available to recover money owed is one of the most common reasons given for failures.
As we emerge from the lockdown and move towards a new normal, it’s important for firms to be flexible, agile and adaptable in order to keep working and growing their businesses. We have seen may instances of businesses in the food and drinks market moving quickly to a delivery only model, while other firms have […]
As we start to emerge from the lockdown and some sectors are back at work, the CLC has unveiled the Roadmap to Recovery plan for the construction industry, detailing how the industry needs to work over the next 2 years in order to recover. Daniels Silverman is a family owned firm that is entering its 25th year of operating successfully in the credit management and collection sector. We work in partnership with our clients, getting to know them and their customer relationships. We operate ethically and our professional debt collection team confidently provides bespoke debt recovery solutions for our clients, no matter how big or small. That is just one reason why we are regarded as one of the top debt collection and credit management companies in the UK.
Whether it is debt recovery or our white label credit control service, our aim is to empower
your customers to repay the money owed to you. We promise firm but friendly
communications that ensure your reputation is maintained, enabling you to preserve the
working relationships you currently enjoy.
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 […]
Late Payments 2019 proved to be a difficult year on many fronts for businesses. Uncertainty surrounding the outcome of Brexit, changes in leadership, the 3rd general election in 4 years, a contraction in manufacturing and housing growth and the collapse of another large, high profile company, Thomas Cook, all made for a turbulent year. One […]
HMRC will regain its status as a preferential creditor for insolvencies that commence on or after 6 April 2020 under legislation expected to be introduced in the Finance Act 2020. In a nutshell this means that HMRC will move up the rankings of who gets paid out first when a company falls into administration or […]
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, […]