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What is the Liquidation Process Carillion is Currently Going Through?

On Monday 15th January 2018 the news broke that Carillion, the giant construction firm and government contractor, was going into liquidation. Unlike the process of administration, where the company in question is able to continue trading whilst viable parts of the business are sold off in an effort to ultimately stay afloat, liquidation means a company ceases trading immediately and steps are taken to raise as much money as possible  to settle its debts.

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How Did Some Carillion Suppliers Avoid Writing Off £290k of Bad Debt?

On 15th January 2018, construction giant Carillion announced they were going into liquidation, putting 43,000 jobs at risk worldwide and leaving a large number of sub-contractors and suppliers out of pocket.

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6 Steps Your Business Can Take to Protect Cash Flow over the Holidays

Businesses face a unique challenge when it comes to cash flow during the months of December and January as many companies close their doors between Christmas and New Year's Day, so payment of invoices are often not processed until mid to late January. This delay in payments can put a huge strain on businesses that have to pay tax, VAT and rent during this period.

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Debt Reminder Letters - The Best Approach

If you consider yourself the kind of business that dreads having to deal with customers or clients who have an outstanding account or an unpaid bill that needs collecting, trust me, you’re not alone.

No one likes to risk destroying customer goodwill by having to demand payment, but in many cases, there is no other option.

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6 Considerations You Should Make When Filing a Debt Claim

You get to the end of your credit control procedure and you still have some unpaid accounts, so, what are the options?

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6 Questions To Ask When A Customer Says They Didn't Receive An Invoice

As a credit controller in your company, you probably have more than enough tales to tell about debt recovery. Even so, you may finally run into situations that you haven't before. If you're still fairly new to your job, one scenario you may encounter involves a customer giving an excuse for not paying their invoice on time.

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4 Tips For Hiring A Debt Recovery Firm

It happens in every business and in every industry - debt recovery. Clients and customers pay invoices late and even former employees might fail to pay back overpayments to them. You’ve called. You’ve emailed. You’ve sent letters through the post. Nothing works. It’s at this point that businesses should begin considering turning to a debt collection firm.

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Credit Control: Effectively Managing Business Debts

When you are the designated expert and responsible for managing vital unsecured Domestic and International debt: How can you do everything in your power to make sure these customers are paying on time? How can you ensure there is better credit control in these business relationships?

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How a Good Debt Collection Partner Will Grow Your Business

Running a business involves overseeing diverse business operations, including sales, marketing, HR and benefits, accounting, customer service, risk management, and business development.

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Don't Let Aged Debt Haunt Your Bottom Line

Whether you are a business owner, accounts receivable manager or credit controller tasked with pursuing unpaid debt, it can be a nuanced and challenging endeavor.

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A Third-Party Debt Collector is Never Cost-Effective…Or Is It?

If you are in business long enough, the need for a debt collector will become inevitable. When it is time to collect on unpaid debts, you can eithertry to handle everything yourself or outsource your collection efforts to a third party.

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5 Steps to Increase Your Cash Flow at Christmas

The month of December is the most pivotal month of the year for many companies. With many companies closing their doors between Christmas and New Year's Day, year-end payments are often not processed until mid to late January. 

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