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A Financial Director’s opinion on outsourcing credit control

"The outsourced solution provided by Sterling is not just cost-effective but also one that ensures effective and comprehensive management of all aspects of the accounts receivable function." Our partnership with Sterling started in October 2012, at which time an expensive and inefficient in-house credit control function resulted in more than £500K of working capital being tied [...]

2017-10-17T15:51:53+00:00 October 17th, 2017|Categories: Accountancy, B2B, Business, credit control, Debt, Debt Recovery, Finance, Late payment, News, Outsourcing, SME|

Mandatory reports will start to be required from October 2017

We can assist you collecting late payments from your clients, the penalties which the debtors may incur should deter them from doing so again. Don’t leave late payment too late before reacting. Cash flow problems as a result of not acting quickly can seriously damage your business. Keeping a tight rein on invoice collections from the beginning is [...]

Small firms deserve to be paid on time – Margot James

The UK is already one of the best places in the world to start and grow a business. It is home to a record 5.5 million businesses - that’s 1 million more than in 2010. Through our Industrial Strategy we are committed to fostering an environment in which small firms can thrive, and that means tackling [...]

2017-04-27T10:00:13+00:00 April 27th, 2017|Categories: B2B, Business, credit control, Debt, Debt Recovery, Late payment, Legal, News, Outsourcing, SME|

Search underway for UK’s first Small Business Commissioner

The Small Business Commissioner, expected to be based in Birmingham, is just one part of a package of measures designed to tackle this and drive a real change in the UK’s payment culture. Regulations coming into force in April 2017 will require big businesses to publically report on the time taken to pay their suppliers, and [...]

2017-02-18T09:53:18+00:00 February 18th, 2017|Categories: B2B, Business, credit control, Debt, Late payment, Legal, News, Outsourcing, SME|Tags: |

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 to [...]

2016-05-23T15:07:57+00:00 May 23rd, 2016|Categories: Business, Debt, News, Recruitment|Tags: , |

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 failed [...]

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 payments [...]

Lord Justice Briggs proposes an Online Court for claims up to £25,000

In a press summary published at www.judiciary.gov.uk the following statement was made. Online Court: Provisional View: There is a clear and pressing need to create an Online Court for claims up to £25,000 designed for the first time to give litigants effective access to justice without having to incur the disproportionate cost of using lawyers. There [...]

2016-02-25T16:53:52+00:00 February 25th, 2016|Categories: Debt, Legal, News|

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 with [...]

2016-01-21T15:07:55+00:00 January 21st, 2016|Categories: Business, Debt, News, Translation|Tags: , |