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 […]
Credit reporting – is it that important?
If you are a B2B company, then you rely on trade payments to survive. Unfortunately, late payments have become an accepted part of the credit control process; this shouldn’t be the case; late payments should be avoided where possible and fought. To go some way towards eliminating late payments some businesses are implementing an obligatory […]
Top tips for an efficient business
Flexibility and efficiency are important traits for a business. It is vital that you can deliver what you need to as effectively as possible, in fact, your efficiency can set you apart from the competition. The evolving business landscape means that your business is expected to be agile and react quickly to situations and continue […]
Steer clear of bad debts
We understand that as a business, you are sure to encounter debt at some point during trading. Unfortunately, late payments are becoming an inevitable part of running a company. These overdue payments can have serious implications for your business, you can miss payments to your suppliers, seriously damage client relationships and your cash flow can […]
How To: Set a Credit Limit
If you are considering extending a line of credit to your customers, you need to be sure that you are not damaging your own cash flow and risking your business. It is important that you do your due diligence on a client before entering into a credit agreement to make sure that they will be […]
Top considerations to make when starting a new business relationship
Business used to be simple, but as the years have gone on it have become easier for companies to hide unfavourable information or portray themselves as trustworthy. The number of insolvencies is getting larger every year, and that means that businesses are being more cautious than ever. Protocols have changed, the days of speaking with […]
Create the perfect invoice and get paid on time
An invoice is one of the most powerful credit management tools at your disposal. An invoice is a document responsible for your business getting paid. With late payments being a major problem for UK SME’s, it is crucial that the invoices you are sending out are effective. The goal is to get paid on-time with […]
Simple steps to stable cash flow
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] We cannot stress this enough; stable cash flow plays a vital part in the success of your business. Poor cash flow may mean that you can’t pay your suppliers, this can damage your reputation and your relationships. A poor cash flow can hamper your business’s ability to grow […]
5 steps to a Merry Christmas
Christmas is a time for festive cheer and goodwill, unfortunately, many UK businesses face the doom and gloom of late payments this year. While late payments cause problems all year round, it is around the festive period that things can spiral out of control. At Commercial Domestic Investigations, we wanted to share some tips so […]
Has your business hit a wall?
It’s not just Athletes that can hit a wall, many businesses come up against obstacles that seem too large to conquer. At Commercial Domestic Investigations, the main problem that our clients face is not getting paid on time. We wanted to share some of our expertise and help knock down some of the obstacles in […]
