Credit control is one of the many components needed for an effective business model, but implementing an effective credit control process can be a difficult task. At Lovetts, we work with professionals in this area every day, and here we look at some of the key strategies for success.
A team from Lovetts Solicitors will take part in the Cancer Research Race for Life in July, entering the Guildford Pretty Muddy 5k. The ‘Lovetts Pink Ladies’ (and Danny Zuko) have already begun fundraising for the event and you can view the official team sponsorship page here.
This week Lovetts spoke to a UK-based client who had recently used our international debt recovery service to recover £8,500+ of debt from overseas. Having had no joy in tracking down the debtor directly from their end, the client passed the case onto Lovetts Solicitors. We are delighted to say that we were able to help, passing remuneration onto the client within two working days of payment.
Earlier this week, representatives from Lovetts Solicitors attended a special corporate hospitality event, held at Woking football club. The event was attended by the Mayor of Woking as well as other dignitaries, and included a speech from Woking manager, Alan Dowson, on the club’s local charity and community initiatives.
Your customer has paid you but you now find they have gone into liquidation and the liquidators want the money back. Why? What can you do?
In the last budget, UK Chancellor Philip Hammond delivered a tax-focused budget announcing plans to make HMRC a preferential creditor in insolvency. It’s a move that comes with serious implications for UK business, most notably in reducing the chances of unsecured creditors being paid from insolvency.
Woking FC took on Premier League side Watford in the FA Cup earlier this month, and as an advertising partner of the local club, Lovetts was on-hand to throw our full support behind the team. We’ve collected together some of the key messaging and images around the tie here.
Lovetts Solicitors has been featured in the latest issue of the Surrey Chambers of Commerce magazine, in an article examining flexible working opportunities within the modern workplace.
For those looking for ongoing legal advice at a low cost, the Lovetts Annual Subscription Advice Service (ASAS) offers a sensible approach. It’s an option that provides access to professional legal advice from our dedicated team of qualified solicitors all year round, and can help clients to prevent problems before they occur.
Overpayment of wages can be a difficult issue to deal with, not least because it places financial strain on both employer and employee Such instances can be notoriously hard to correct historically and even when a professional solution is found it can still leave human headaches in place. Here, we look at 3 areas in which businesses can apply practical improvements to the payroll process and avoid overpayment issues before they occur.
For many businesses, the idea of using a single outsourced supplier to assist with credit management remains a relatively new concept, let alone using two. But the ‘Two Supplier’ strategy can have significant benefits in creating choice and flexibility, improving quality, strengthening contingency plans and competitive pricing.