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 […]
Warning signs that your business won’t be getting paid
It’s common knowledge in the credit control industry that the longer an invoice remains unpaid, the more difficult it will be to collect. At Commercial Domestic Investigations we have shared our tips and advice about how to avoid late payments and what you can do to encourage customers to make a payment. Some problems are […]
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 […]
UK SMEs Continue to Struggle with Bad Debt
As a UK-based small business owner, it is key that you deal with unpaid invoices. A poll carried out by Xero indicates that small company heads spend 10% of their working days chasing down late payments, waiting 14 days past the invoice due date on average to receive the funds they are owed. Recovering late […]
What Should an Invoice Include?
As a small business owner, it is key that you ensure your clients pay on time, so you have the steady stream of capital needed to support operations. In order to ensure clients settle invoices promptly, learn how to write invoices, so they have no excuse to delay payment. Commercial Domestic Investigations asks: what should […]
Some Plumbers Struggle with Late Payments
With the UK experiencing a skilled trades shortage, more people are choosing to go into professions such as plumbing. Becoming a plumber can serve as a profitable career path, but it is not without its challenges. Commercial Domestic Investigations discuss new research that has shown that some British plumbers struggle with late payments. Profitable trade The UK […]
How is Late Payment Affecting You? – Infographic
At Commercial Domestic Investigations we know that prompt payment plays a big role in a healthy cash flow for SMEs. We’ve worked with all sizes and types of businesses, and with over 20 years’ experience in collecting debts for our clients and assisting with credit control, we know just how important cash flow is to […]
