How to: Recover debt without deterring your clients
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 […]
Small Business Owners Spending Time Chasing Late Payments
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 […]
How to: Make your cashflow work for you
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 […]
Common invoice mistakes and how to avoid them
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 […]
Make overdue account letters work for you
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 […]
Don’t let Christmas impact on your cashflow
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] 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 […]
Debt recovery for SMEs
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] 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 […]
How to: Build your business credit
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. […]
Cashflow Secrets
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 […]
Why you should consider using a debt collection agency
More than ever many businesses are struggling with cash flow right now, even customers with clearly defined payment terms may not pay on time. Leaving you trying to make up the difference to pay your own invoices. Employing the services of a reputable collection agency can help you and your business maintain a stronger footing […]
