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Lovetts Solicitors featured in Evening Standard

Lovetts Solicitors has this week been featured in the Evening Standard newspaper, in a special supplement looking at Financial Services. In an article examining how businesses can better optimise their cash flow Lovetts Managing Director, Michael Higgins, provides his 'Top 5 Tips' on avoiding bad debts. 

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What advantages does a Solicitors Letter hold over other debt collection practices?

Collecting debts can prove to be a tricky task. Many of our clients voice concerns about the difficulties of chasing a debt, without chasing away their clients. Indeed, debt collection practices have come under increased scrutiny in recent years, with many people expressing a negative opinion towards unorthodox debt recovery methods. Here, we look at why a debt recovery letter from a solicitor may be more beneficial to you than a letter from a debt collection agency.

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How late payment affects the cash flow of your business

As most business owners and CFOs know, cash flow is the life blood of a business. Without cash flow a business will cease to exist. It is therefore important for all businesses, large and small, to manage their cash-flow effectively. One common threat to cash flow that many credit controllers will recognize is late payments, which can do significant harm to a business. Here, we look at why cash flow is important and how cutting down on late payments can help improve things.

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Late payments causing you a headache? Securing remuneration could be easier than you think

This article first appeared in Your Business magazine in July 2018

For many businesses, maintaining the balance between timely payments and healthy customer relationships can often feel like a difficult task. But in 2018, speeding up the payments process can be much easier - and more straightforward - than you might think.

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Lovetts featured in James Caan’s Your Business Magazine

 

Lovetts Solicitors has been featured in Your Business magazine. The James Caan-backed publication provides insights and practical advice on all aspects of running a business from accountancy to law and social media and marketing.

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How To Deal With Late Invoice Excuses : Guide to Debt Recovery

Late payment is a common problem for all businesses such as accountancy firms, recruitment agencies and contractors.. Large companies aren't excused from urging businesses to pay suppliers on time and calling for small firms to pursue those who put them at risk by delaying this frustrating everyday occurrence either..Here we reveal the most common excuses for late invoice payments  and how you can deal with them. 

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Reasons Why Legal Advice Benefits Small And Large Businesses

 

 
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4 Things To Consider When Recovering Debt

Recovering debts is never easy. Even for big corporations with fancy legal departments and scary letters . Having specialized in debt recovery for over 20 years, we have written 4 things you should consider when recovering your debt.

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The Necessary Steps In Debt Collection

If you're reading this you're probably wondering how you're ever going to recover debts from unwilling debtors. Recovering debts is never an easy step for many businesses to take because of how time consuming it usually is. This is why we have issued out clear and easy steps to recovering your debts. After reading this, you will know the necessary steps to take when looking to recover your commercial debts.

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Debt Collection: Why a Letter Before Action Is So Effective

Businesses often wonder how effective a Letter Before Action (LBA) actually is compared to sending their own warning letters to their debtors. After reading this guide you will uncover the true reasons as to why LBAs are so effective

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A Sole Trader/Individual Wont Pay Debts? : Pre Action Protocol

Alot of businesses are familiar with sole traders / individuals who simply cant pay their invoices on time. There are many reasons why sole traders dont pay such as lost invoices, unexpected clauses they didn't read into to unexpected charges that they could not afford. Regardless of the reasons, as a business you need to be resilient in terms of receiving payments from individual/sole trader debtors

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4 Reasons Why an Invoice Isnt Paid On Time

Alot of businesses find themselves wondering why their invoices arent being paid on time. This article will outline 4 reasons why your debtor isn't paying you. With the ever changing economy, some business will go through tough phases in their financial year which could lead to invoices not being paid. However, theres usually underlying reasons as to why they dont pay you on time. 

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