Outsourcing credit control helps avoid late payment, and the domino effect..
At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of […]
The first priority…tackle late payment
Margot James, a former business owner who supports a reduction in business rates, has been appointed minister for small business, consumer protection and corporate social responsibility. She will be part of the newly formed Department of Business, Energy, and Industrial Strategy where she will be taking over from Anna Soubry. James, who co-founded Shire Health, […]
Employ or Outsource your Credit Control position?
Obviously I will say outsource, but with good reason. Working in an office filled with teams of credit controllers gives me plenty of great insight into how credit control truly makes a difference between make and break for many SME’s, and how time consuming the process is. Having an experienced and reliable credit controller is […]
Another leading London Accountancy firm chooses to outsource credit control to Sterling
Another leading London accountancy firm signs with Sterling. A third leading London Accountancy firm has chosen to outsource credit control and debt recovery to Sterling, this follows a successful trial period. The firm ran a trial with three of their 15 partners for 4 months. During this period Sterling managed to improve cash-flow for the 3 […]
Small business quarterly tax returns?
Does the government really understand how business works? This is a question being asked by hundreds of thousands of small firms as we near one of the most significant regulatory changes that could add time, effort and cost to doing business. Requiring small firms to account for their corporation tax on a quarterly basis, rather […]
Recruitment Sector Debt Recovery Specialists
Great start to this week as Sterling have already helped another Recruitment Agency. This problem involved a common occurrence, the debtor had not settled the Agency’s invoice within terms, and then when the candidate resigned they refused to settle the invoice at all. Not paying on time was a silly decision by the debtor, as they negated their right […]
Recruitment debt – Placement fee recovery
Recruitment Debt – Recovery of Placement Fee An attempt to get out of a clearly undisputable Permanent Placement Fee went sour for yet another debtor this week when they ended up paying our clients full invoice amount + late fees + interest and debt recovery fees.. Special conditions were nulled by the debtor when they […]
Outsourced Credit Control with Sterling Credit Management
Outsourced Credit Control Our outsourced credit control service has been re-branded. We are happy to invite you to our new credit control website providing information to any SME / business in the UK looking at outsourcing credit control services. www.creditcontrolservice.co.uk If you do regular business with slow paying clients, you are probably spending much more time chasing […]
SME’s increasingly feeling the strain of late payment in the UK. We provide a simple checklist to help you stay ahead of the game
If you do regular business with slow paying clients, you are probably spending much more time chasing payments than you should be. This is not the best use of your work time and can undermine your business relationships with those clients. Prioritising credit control (payment collection) activity will go a long way to improving your collections […]
Nationwide provider of Interpreters and Translators, Owner/Director:
We have been using Sterling Debt Recovery for several years. I found their communications very effective. Many times when I heard a story from a client and went back to Sterling , I found that Sterling records and information was correct and reliable. They did a marvellous job by recovering £70k without damaging our relationship […]