Business owners around the world deal with concerns surrounding their customers and whether they are suitable to work with. A creditworthiness check is one of the best ways to ensure you are dealing with a business or customer who will be able to pay for your goods or services on time, every time. This is […]
Collecting from debtors can be challenging enough without adding the complication of dealing with a bankrupt debtor on top. When it comes to learning how to collect from bankrupt debtors, there are various things to keep in mind to avoid future issues for your business. Click here for more information about our debt recovery agency […]
Small businesses frequently deal with unpaid invoices. In fact, research suggests that unpaid invoices currently stand at 41% in the UK, with a staggering 52% of invoices issued by small businesses paid late. Unpaid invoices and overdue invoices are the bane of any small business. Affects your day-to-day cash flow, with the long-term effect of […]
If you’ve sent enough reminder letters to last you a lifetime and made phone calls that have led to excuse after excuse, now could be the time to take legal action to recover your unpaid invoices. We know that you want to maintain good relationships with your customers; however, we also understand that you need […]
There are numerous strategies and collection techniques at your disposal when you’re collecting outstanding invoices, with some credit control processes carried out in-house and others outsourced to professional collection agencies. For most SMEs, outsourcing debt collection activity to a professional agency is the most effective and successful solution, saving you a considerable amount of time […]
Customer-centric debt collection is something that businesses need to keep in mind when dealing with overdue payments. While we know this can be a very difficult situation for companies to find themselves in, you can still do all you can to make this process less of a challenge for everyone involved. Direct Route Ltd is […]
Unpaid invoices in the UK have been a huge issue for many companies over the past two years. Here at Direct Route, we’ve seen a massive increase in the number of outstanding invoices that companies are dealing with on a regular basis. To help you discover how you can deal with VAT on unpaid invoices, […]
Dealing with unpaid invoices is something that more businesses than ever have been struggling with over the past few years. By educating yourself on the most common reasons for invoices being unpaid, you can work to understand invoice dispute UK law better. Let’s take a look at what to do with an invoice unpaid in […]
Bad debt relief is something that every company needs to be aware of to help them recover from unpaid invoices. If you provide your services or products to a customer and then send them an invoice, you’ll have to ensure you are paying VAT to HMRC during your next tax return. However, when the client […]
The pandemic has caused endless issues for companies around the country, who are struggling now with debt recovery from the pandemic. No matter what industry you work in, you’ll find that there are still many companies struggling to pay their bills and get back on track. Commercial debt has become even more of an issue […]
