The debt collection industry here in the UK saw some significant developments last year, leading to progress that has permanently changed the face of debt collection in Britain.
Here at Access Credit Management we see quite a few invoices from small and large businesses here in the UK and we have some advice for you if you’re a small business owner. Invoicing correctly can make a real difference to whether or not you get paid quickly and without any problems. Some invoices are really good with all the correct information on them but there are others with practically no information on them other than the amount of money due.
If you've raised a County Court Judgement against a sole trader or an individual debtor and they have still not paid then the next step could be to ask the court for a Charging Order to be raised against the debtor. A Charging Order, in English law, is an order obtained from a court or judge by a judgement creditor by which the property of the judgement debtor in any stocks or funds or land stands charged with the payment of the amount for which judgement shall have been recovered with interest and costs.
Any successful business owner knows that having sufficient working capital can be a constant challenge that keeps us on our toes. It’s a simple fact of life that as a business expands it uses more and more of its cash and working capital. As more clients or sales come in, cash and capital are usually soaked up by the higher inventory requirements and/or more employees which other expenses and investments grow.
While most of our blog posts deal with the subject of finance in some way or another, today we want to blow our own trumpet a little bit while raising awareness for a very worthy cause that we at Access Credit Management are proud to support. Most of you will have already heard of Help for Heroes (H4H), the British charity that was launched in 2007 to help provide better facilities for British servicemen and women who have been injured or wounded in the line of duty.
If you’re looking for a debt recovery solution then you’ll want to make sure you choose a company that best suits your individual needs. With more than 400 debt collection agencies in the UK, finding the registered debt collector that’s right for you can seem like an insurmountable challenge. There are so many to choose from that you could spend hours researching and making comparisons when all you really want to do is collect the monies owed to you with as little hassle and inconvenience as possible. You may even be surprised to learn that there are stil
ACM, established in March 2000, continues to be rated as a credit worthy business by leading providers of commercial credit information and is a member of the International Association of Credit and Collection Professionals.
