It is that time of year: time to take stock and review your cash flow for 2021.
While we’re all hoping that 2021 will prove better than 2020, the government has announced that tougher restrictions will continue until at least Spring. The year ahead will bring unknown challenges, with a combination of Brexit uncertainty and recovery from the pandemic, making it difficult for businesses to plan and assess the risks they may have. There is also the possibility of a rise in interest rates which will affect customers making payment on time.
The start of the year is always a good time to review your aged debts and credit control processes to enhance your cash flow.
Our Debt Recovery team are here to assist, be it with collection or specialist advice. Our team offer an efficient and cost effective debt recovery service on standard fixed charges.
Our service includes:
Sending letters before action;
Issue of Court proceedings;
Enforcement of Judgments;
Bankruptcy and Insolvency proceedings.
Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.