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July 2019

Disclaimer :
"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

Dealing with Overseas Debtors – Advice for UK Business Owners

Any business owner knows that dealing with customers and clients from overseas is a great way of expanding your business operations and increasing the value of your business.  The Internet allows us to reach a global market more easily than ever before and this has led to some of the UK’s millions of small to medium enterprises (SMEs) taking the opportunity to trade with overseas customers, whether these are domestic or commercial buyers. 

Debt Collection News Roundup – June, 2019

Here at Access Credit Management we make sure to stay up to date with all the important news in the national and international debt collection industry.  We’re dedicated to providing our readers with interesting and relevant news about the sector, so once a month we publish a News Roundup.  This should keep you up to speed with all the important happenings in the industry and empower you with a valuable resource that that you can use to stay fully informed of all the latest news.  It would be interesting to know what you, the readers, think of the stories that feature here.  Please join in

Dealing with Overseas Debtors – Advice for UK Business Owners – Part Two

Last week we had some advice for business owners here in the UK on how to deal with non-paying customers from overseas.  Whilst the internet has brought us some great opportunities to increase trade and take advantage of a global market, it also brings with it some challenges as UK businesses deal with customers and clients in different countries, all of which have different legislation governing the collection of debts. 

Partnership Debts – Who’s Liable?

If you’re in a business partnership, there are certain issues you should be aware of, especially when it comes to business debts.  Some partnerships are organised on the basis of a partnership agreement, usually drawn up by a solicitor and signed by all partners.  This agreement should cover issues, including the following:

Dealing with Overseas Debtors – Advice for UK Business Owners – Part Three

Over the past few weeks we’ve been taking a detailed look on how business owners here in the UK should deal with overseas debtors.  In Part One of this series, we advised our readers that it is worth trying to recover monies owed to your business by non-paying clients from different parts of the world, showing how these debts can be split into four main categories.  Then in Part Two, we took a detailed look at the European Enf

Legal Action or Debt Collection Agency – Which is Best?

If you’re one of the UK’s many business owners, you’ll be aware that a steady cash flow is vital for the health and wealth of your business.  That’s great when clients are paying their bills and the cash is flowing in.  However, there are times when clients are late with their payments, causing a bit of a blip in your business cash flow and causing you the worry that goes along with this.  On a few occasions, you’re likely to meet with a client who does not pay at all – no matter how many “gentle reminders” you issue and, ultimately, no matter how many blatant requests for payment you make.

Good News for Small Business Owners in the UK

There’s some good news for small businesses here in the UK – the government proposes to start fining large businesses for failing to pay smaller suppliers in a timely manner.  In the government’s latest bid to tackle the problems faced by Britain’s SMEs (on which the UK economy depends), the announcement of a new package of measures to tackle the late payment culture will be welcomed by small businesses that supply these successful household names.  The government also plans to hold consultation sessions on strengthening the powers of the Small Business Commissioner to “hold to account” the

Small Business Owner’s Guide to Debt Collection

Any small business owner will know just how stressful it is when clients or customers neglect to pay on time, or, in some cases, don’t pay at all.  After all, a small business needs a steady cash flow in order to stay in business and succeed.  Britain is a nation of small business owners, with SMEs (small to medium enterprises) accounting for more than 99% of all private sector businesses here in the UK.  Indeed, our economy depends heavily on small businesses with their combined annual turnover of £2 trillion, more than half (62%) of all private sector turnover.  However, these small busin