Monthly Archives: August 2011

Debt Recovery Blog – Businesses are losing out on late payment interest

Businesses struggling with poor cash flow due to late payers are missing a major opportunity to claim late payment interest according to a number of the UK’s law firms. According to a number of press reports, various UK law firms have found that in the past year approximately one in three claims issued included late payment [...]
Posted in Blog, Industry News |

Rising fuel prices directly linked to company failures and late payment increases

Although its been mooted for some time, one of the UK’s foremost insolvency firms SFP Group says that there is now irrefutable evidence that the ever rising fuel prices are directly linked to company failures. The analysis by SFP says that of those businesses operating within the transport sector who instruct SFP, more than three out [...]
Posted in Blog, Industry News |

£1m client win for Corporate Credit Debt Recovery

In recent weeks CCDR have issued several press releases in respect of high value client wins from within our Spanish office. Not to be outdone by our Spanish wins, we are pleased to announce a big client win for our UK based Sales support team. The UK office have recently secured a Car Vehicle contract worth [...]
Posted in Company News |

Corporate Credit Debt Recovery Blog – July Debt Statistics

Credit Action – The National Money Education Charity has released its latest month by month figures showing the state of the nation’s personal and sovereign debt. The Key statistics show: *New daily dent problem cases dealt with by CAB falls from 9500 new cases per day in June to 9072 in July *Number of people being made redundant [...]
Posted in Blog, Industry News |

£0.5m client win for Corporate Credit Debt Recovery

In line with recent company press releases and growth expectations we are pleased to report that CCDR continues its high growth targets with yet another client win and a resultant contract secured in Spain. The new client win includes a contract worth £0.5m and includes up to 30 new instructions per week. Furthermore, we are pleased [...]
Posted in Company News |

Cheque U-turn is ‘pointless policy’. Will it effect late payment problems?

Robert Ashton, managing director of ethical chip and pin processor Ethecol, has said that the banks’ recent change of heart over the future of the written personal cheque is ‘pragmatism over pointless policy’. “Whilst emotive to the few, most are voting with their debit cards and abandoning cheques. Hastening the inevitable demise is rather like bundling [...]
Posted in Blog, Industry News |

ICM says ‘Name and Shame’ plans are ‘unworkable’

In line with our own assessments of the Government plans to ‘name and shame’ late payers in our blog post from Wednesday 20th July, the Institute of Credit Management (ICM) has gone one further and called the new proposals ‘impractical, unworkable and yet another missed opportunity’. The comments, from Philip King, Chief Executive of the Institute [...]
Posted in Blog, Industry News |

New Spanish client win for Corporate Credit Debt Recovery

We are again pleased to announce that we have secured yet a further contract within Spain to the value of almost £240,000. This latest client win is very encouraging for both our continued sales growth and market share considering we have resolved/collected almost 20% of these accounts within the first 14 days of the contract. Our [...]
Posted in Company News |
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