Debt recovery is a difficult task to undertake, although some overdue accounts can be resolved with a simple telephone call to the client, not all accounts are that simple. You may need to take further action with these clients and refer their account to a debt recovery agency, but there is something that you could…

To SME’s, customers are crucial. Building a strong, trusting relationship is vital to your company’s growth. Maintaining the relationship is just as important, a common concern amongst SME’s is how to chase up debts without putting their customers off using their services again. This is not a problem faced by a minority. In a survey…

The Commercial Domestic Investigations team understands that British small business owners cannot afford to let late payments go unchallenged. A new study has found that UK small company owners are spending a significant amount of time on chasing unpaid invoices. Major business concern The research was carried out by Xero, an online small business accountancy…

Here at Commercial Domestic Investigations we recognise that a good cashflow can make or break your business. With SME’s faltering all over the UK due to payment problems and bad debtors, a good cashflow can make all the difference. We wanted to give you some tips to maximise your cashflow. Where possible, ask clients to…

At Commercial Domestic Investigations, we understand that paperwork can be time-consuming, and let’s be honest, a little tedious. Unfortunately, it is also necessary to run a successful business. One of the most important aspects of paperwork is invoicing. By avoiding the common pitfalls of invoicing you can save your business a lot of time and…

The most time-consuming but the most important part of debt recovery for your business is the pro-active stage, essentially calling and chasing your client to make them aware that their account is overdue. You may currently contact clients by phone, email and letter but you may not be aware that how your overdue account letter…

It can be difficult to chase clients for payment at the best of times, but with the festive season upon us, more obstacles can be put in your way. However, you shouldn’t let these obstacles impact your business. At Commercial Domestic Investigations, we wanted to share a few tips to make sure that your client…

Whether you are a sole trader, a limited company or a large, established business, having a reliable cash flow is essential for survival and success. Debt recovery for SMEs should involve a recovery procedure, meaning that you can reduce the risk of non-payment and writing off invoices. Make your terms clear By clearly defining your…

In the current climate, it is becoming increasingly difficult for businesses to secure financial help. This is particularly troublesome for SMEs, some of whom have only just started trading and don’t have a lengthy business history. A good way to improve your chances of securing finance is to build and maintain a healthy credit score….

It is basic business sense that your cashflow is a vital factor in your businesses success. Failing to adhere to strict collections procedure is a major influence when it comes to having a poor cashflow, but what can you do to improve your cashflow and make credit collections more effective. A main piece of paperwork…

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