We started working with Sterling Outsourcing in March 2016, due to the need to have a credit control function, but not having enough to justify employing someone to do the job. I cannot give anything but praise to the team, as, within 18 months, they have taken us to a position where about 90% of our debt was more than 30 days old, to less than 20%.
“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 up in an overdue debtor book.
We can assist you in collecting late payments from your clients, the penalties which the debtors may incur should deter them from doing so again.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 up in an overdue debtor book.
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
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.
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.
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.
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 the
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 partners
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 than
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
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
