Good cash flow and credit control practices are essential to the success of any business. Late or unpaid debt is disruptive and, in the worst cases, can threaten the future of your business.
Taking early steps to minimise late payment problems, building the provisions of the Late Payment Act into your contracts, and having robust systems for chasing payments can all help minimise problems.
Debt recovery can be a strain on resources, and it is often more effective to seek support from specialists who can secure payment on your behalf.
Here, our experienced Debt Recovery experts have collected helpful articles and guides to take you through some of the most common questions on this topic, including steps your business can take to tighten up credit control processes, and how disputes can be resolved in and out of court.
The process of debt recovery can be complex and time-consuming, and legal documents can be lengthy, complicated, and packed with jargon.
At Thrings, we want to provide you with concise advice, in plain English, so you get the right information, right away.
Our Take 5 Guides address, in five simple steps, how you can improve credit control and the various methods that can be used to recover debt, in and out of court.
Business Matters is a content hub for owners who need advice on legal issues which may arise at every stage of their business life.
However, we know that nothing is better than discussing these issues face-to-face with a specialist adviser.
If you want to know more about any aspect of pursuing debt, the Thrings Debt Recovery Team will be happy to help.