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 Can I Protect Myself From Bad Debt?
Commercial Domestic Investigations know that bad debt is a serious issue that affects a large number of small and medium sized businesses throughout the UK. According to R3, the insolvency industry trade body, more than 100,000 UK SMEs are owed an estimated £16 billion by insolvent companies. Bad debt is a problem which affects businesses […]
Become a Creditworthy Company
At Commercial Domestic Investigations, we wanted to share the steps that you should take when it comes to making your company creditworthy. Common credit control procedures now include a credit report, if that returns unfavourable information then it will be your business that misses out. Making sure that your business is viewed as creditworthy is […]
Hiring a recovery agency
Client relationships are of the greatest importance to (most) businesses, so the decision to hire a debt recovery agency can be a tough one. You don’t want to damage these relationships or your reputation however you also don’t want to have a shortfall of cash every month. There are many types of agency out there; […]
Study Sheds Light On UK Small Business Bad Debt
Commercial Domestic Investigations understand that as a small company owner, it is in your best interests to chase late payments to avoid accruing bad debt. Should your company be deprived of revenue, you could find it hard to fund operations, limiting growth potential. A new study has shown Commercial Domestic Investigations that a majority of […]
UK Sole Traders Struggle With Abandoned Late Payments
If you are a sole trader, it is crucial that you chase down unpaid invoices. Failing to pursue this strategy will force you to deal with bad debt. This can depriving your company of the cash it requires to support operations day-to-day. Commercial Domestic Investigations has learned that abandoned late payments are a real problem […]
