The reality is, no matter how many sales you make, nothing brings your business down to its knees like a cash flow crisis. A delay in incoming revenue can be disastrous for small and medium sized businesses. With many SME’s relying heavily on a good cash flow, unpaid debts and delays with incoming revenue can affect the operational status of a business.
Cash Flow is the lifeblood of any business. If left unchecked, your customers payment and credit terms could become a major issue. Here are just a few signs which may indicate that you need the help of a debt recovery company.
This is an age-old debate between the legal sector and commercial debt recovery which has been ongoing for years. Both approaches promise to recover debts however the approach, timescales and costs vary considerably.
Darcey Quigley and Co was shortlisted in three categories for the Women in Credit Awards, due to take place in London on the 15th March 2018. Darcey Quigley & Co will be competing against some large corporate names such as BT, HMRC and Lloyds Group.
Credit Management Magazine Jan/Feb 2018 - Lynne Darcey Quigley speaks about Commercial Debt Recovery and How the Industry is Unregulated.
This month DQ featured on the most recent issue of the Credit Management Magazine. Company owner Lynne Darcey Quigley was interviewed giving her views on the commercial debt recovery industry and how it is unregulated. We are currently undertaking the application process to be regulated by the FCA, although it is not a legal requirement unlike the consumer market. Lynne has chosen to undergo...
It is safe to say that many of us spared a thought yesterday for the 40,000 Carillion staff across the globe who look likely to lose their jobs and livelihood. The company announced that it was going into liquidation rather than administration, meaning that there is little value left in the company. Undoubtedly the staff and all of the company’s sub-contractors will be the worst affected with...
Age of Invoice: 563 days old
Principal Sum - £5,970.88
Interest, Compensation and Reasonable Costs - £1,637.52
Days to recover: 14 days
Client – Digital regulatory information, consultancy and training company V Debtor – Shipping Company
We were instructed to recover a commercial debt against a shipping company for a principal sum of £5,970.88. Under “The Late Payment of Commercial Debts...
Age of Invoice: 126 days old Principal Sum - £9,321.60 Interest, Compensation and Reasonable Costs - £844.97 Days to recover: 10 days
Client – Insulation Contractor v Debtor – Electrical Contractor
Principal Sum - £9,321.60 – Interest, Compensation and Reasonable Costs - £844.97
We were instructed by a new client in July 2017 to recover a commercial debt against an electrical contractor who...