Goodbye 2018 and hello 2019! It is that time of year to take stock and review your cash flow for 2019.
The industry is changing and 2019 will be bringing unknown challenges ahead with Brexit, the uncertainty will make it difficult for SME’s to plan and assess the risks they may have. Also, the possibility of a rise in interest rates will affect your customers making payment on time. Whether your business goal is to ride out the uncertainty of Brexit or, to deliver record breaking figures, taking the time to plan is essential. It is therefore important to keep an eye on your aged debt ledgers, reviewing them weekly with your finance team and identify any customers who are sharing signs of struggling financially.
The start of the year is always a good time to review your aged debts and credit control process to enhance your cash flow.
Our Debt Recovery team are here to assist with collection or 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
With a real understanding of the pressures, targets, and deadlines faced by credit controllers and managers, our service operates as an extension to your own credit control team.
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.