New year, new budget
Budgeting is one of the most important tasks that your business can do. A budget should be carefully considered and should be based on your finances and goals. Done properly, a budget can help you to improve your cash flow and grow your business, but there are some aspects of your business to take into […]
Christmas is around the corner – keep calm and get paid.
Once September comes around we seem to fly through October and November and then all of a sudden, in the blink of an eye, it’s Christmas and you’ve only done 70% of what you had planned. We find our companies descending into holiday chaos, staff are getting into the festive spirit, productivity seems to dip […]
How to: Recoup late payments
Time and time again, clients contact our team because a non-paying client has vanished leaving the company with no way to recoup the debt. Late payments are a huge issue for UK SMEs and can cause havoc with cash-flow. Using the services of debt collection specialists, like Commercial Domestic Investigations, is the best and most […]
When is the right time to issue a CCJ?
In today’s business climate nothing is for certain, things can change overnight and this uncertainty stretches to the credit control industry too. As an SME, debt recovery can be difficult even in the best economic times, so when people begin to struggle it can become near-on impossible to collect an overdue invoice, sometimes the only […]
Boost your credit score in time for the new year
We have all experienced the impact that a personal credit score has on our lives. The ability to apply for credit cards, loans and mortgages is hinged on our credit score, and it’s the same for our businesses. Your business credit score determines if suppliers will trade with you if you can secure new funding […]
How To: Avoid writing off debt
At Commercial Domestic Investigations, we work with many clients that struggle with late payments; they are an inevitable part of business. However, we are alarmed at a number of businesses that have previously chosen to completely write off debt. This can be hugely damaging to a company so we wanted to share some ways to […]
Use late payments to grow your business
It may seem counter-intuitive but late payment of invoices can actually help you to advance your business. Commercial Domestic Investigations has over 25 years of experience dealing with commercial credit collections and we understand the power that a concrete collections procedure can have on both your clients and your business. Building an effective collections policy […]
Can you reduce your business debt?
In all likelihood, your business will operate on trade credit. This can be a great resource for your company and can help you to grow. However, miss payments and you can spiral into debt very quickly. So, not only will you be in debt but suppliers will begin to cut you off, and your business […]
Avoid the spiral into insolvency
Insolvency is impacting thousands of businesses every year, and obviously, it is the last thing that you want to happen to your business. Unfortunately, in a world of late payments and unreliable clients, it is easy for your business to spiral into insolvency if you are not careful. Fortunately, there are some things that you […]
How long should you ignore your business debt?
The truth is, debt should never be ignored but most businesses will have some form of debt at some point, and this is to be expected. Problems arise when you ignore this debt in the vain hope it will disappear; the debt accumulates to the point where you unable to make the repayments. Things can […]
