'As a privately funded business, we also realised early on how critical cash flow is, and we made the decision to outsource our credit control, debt collection and finance functions to a specialist called Sterling – this works very well for us, and allows us to put all our energy into what we know best ‘building [...]
*This article relates to business to business credit control and not collection from consumers. The current environment is unprecedented with companies forced to change working practices and policies quickly to adapt. Several businesses have sought advice from Sterling, asking whether they should suspend their credit control collection process completely until the lock-down is lifted, fearing that [...]
In the current business environment caused by the coronavirus (COVID-19), it’s crucial for businesses to protect cash flow. Whilst many companies are taking positive steps, others are intentionally ‘washing their hands’ of their payment obligations and delaying or cancelling payments to strengthen their own finances. Whilst there are many businesses feeling the strain due to the [...]
The number of CCJ’s against incorporated businesses rose by 22% last quarter (against the same period in 2018). Mick McAteer, Chairman of Registry Trust said “Public data on judgements provides an important indicator of the state of the economy. The fact that the number and total value of judgements against businesses rose significantly in the third [...]