Debt Recovery

On 18th November Sterling Outsourcing Sp zoo came to an agreement with Octempo Receivables Management Ltd to acquire certain assets including Octempo’s debt collection client base.

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

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

Bar Council Chair Chantal-Aimée Doerries QC has responded to Lord Justice Jackson’s speech on 28 January 2016 to the Insolvency Practitioners’ Association, Fixed Costs – The Time has come, calling for recoverable costs to be fixed in all claims valued at up to £250,000. She said: “We look forward to reviewing Lord Justice Jackson’s proposals in

Insolvency Practitioners and debt collection. Resource and experience are available to undertake a range of investigations. Sterling work with Insolvency Practitioners to value sales ledgers and to cost effectively collect book debts quickly and efficiently. Sterling Debt Recovery provides a proven service to Insolvency Practitioners working with Receivership – Liquidation – Administration – Company Voluntary Arrangement

Interesting collection history from one of the recent successful debts collected by Sterling. One of our long term clients, a top UK accountancy firm, passed us a debt where one of their long term clients (using their services for the past 20+ years) began persistently paying late. The debtor had been asked on numerous occasions by the

If you are offered a discount for early payment, don’t expect the discount when you pay late! One of our regular recruitment sector clients contacted us with a debt when their client had been given special terms (a discount) under one simple condition, pay on time. Shockingly, despite the handsome discount fee given for the placement

Recruitment Sector Debt – Collected! This recruitment sector debt collection success began when our client contacted us having suffered two of their staff being ‘poached’ by a competitor agency. The two staff were at that time contracted out to a hiring company by our client. The competitor continued supplying them to the hiring company. The hiring company