Debt Deep Dive with Todd Davis and Kia Thompson

Debtor Tracing

This blog post from Corporate Debt Recovery Limited discusses the importance of debtor tracing in the UK. The post explains that the process involves locating individuals or businesses who owe money to creditors, often using techniques to find their current addresses and contact details. The author argues that debtor tracing is crucial for businesses to recover unpaid debts, initiate legal proceedings, and protect their credit scores. The post also emphasises the importance of using professional debtor tracing agencies to ensure efficiency, ethical practices, and adherence to UK regulations.
Source: corporatedebtrecovery.co.uk 

Fastest Way to Get Out of Debt

This episode offers advice on how to get out of debt and achieve financial freedom. It outlines ten strategies, including creating a budget, stopping credit card use, negotiating lower interest rates, considering debt consolidation, increasing income, prioritising debts, exploring balance transfers, cutting expenses, seeking professional help, and staying motivated. The article aims to empower readers to take control of their finances and work towards a debt-free life.
 
Source: https://corporatedebtrecovery.co.uk 

What to Do When Your Customer Goes into Liquidation

As a business owner, one of the most concerning situations you can face is when one of your customers goes into liquidation. It can be a major blow to your finances and operations, leaving you wondering what to do next. But in these situations, it’s important to stay calm and take the necessary steps to protect your business. In this blog, we’ll discuss what you can do when your customer goes into liquidation.
Source: corporatedebtrecovery.co.uk

New Free Cash Flow Criteria for SME IPOs

From September 2024, SMEs aiming to go public must meet new free cash flow to equity (FCFE) requirements. Our latest blog post delves into these regulatory changes, their impact on financial planning and IPO eligibility, and provides practical advice for businesses to prepare for these new standards. Learn how to strategically manage cash flow, enhance operational efficiencies, and position your SME for a successful public listing.
Starting September 2024, small and medium enterprises (SMEs) looking to list on certain platforms will need to meet new financial health requirements, including demonstrating positive free cash flow to equity (FCFE) for at least two of the three preceding financial years. This significant regulatory change aims to bolster the quality of listed companies and reduce investment risks.
Source: corporatedebtrecovery.co.uk

Effective Ways for Preventing Unpaid Invoices

Discover proven strategies to prevent unpaid invoices and maintain healthy cash flow in your SME. Learn how to set clear payment terms, implement structured follow-up processes, utilise credit checking services, and leverage professional debt recovery expertise for optimal results.
One of the most effective strategies for preventing unpaid invoices is to establish clear and concise payment terms from the outset. When entering into an agreement with a client, transparency is key. Specify the payment due date, acceptable payment methods, and any applicable late fees directly in the contract. This not only clarifies expectations but also serves as a legal document that can be referred to in case of disputes.
Source: corporatedebtrecovery.co.uk

Ripple Effects of IMF Negotiations on International Debt Recovery

Navigating the complex landscape of international debt recovery amid IMF renegotiations: How SMEs can strategise to overcome economic instability and secure financial health.
Recent warnings from political leaders about the risks associated with renegotiating with the International Monetary Fund (IMF) highlight a critical issue for international economic stability. The IMF plays a pivotal role in the global financial system, providing financial assistance and policy advice to countries in economic distress. Renegotiation of IMF agreements can create uncertainty and volatility in global markets, which can, in turn, affect international debt recovery efforts.
Source: corporatedebtrecovery.co.uk

Debt Recovery in Manchester

If you’re a business owner in Manchester, you know how important it is to maintain a good cash flow. However, sometimes despite your best efforts, clients or customers may fail to pay their dues on time, leading to a strain on your finances. In such situations, it becomes crucial to seek the help of a debt recovery agency. And if you’re in Manchester, there’s no better option than Corporate Debt Recovery Limited.

Clear Credit Card Debts Fast

Credit card debt is a major issue that affects millions of people around the world. With high interest rates and tempting offers, it’s easy to fall into the trap of overspending and accumulating credit card. However, this debt can quickly become overwhelming and difficult to manage, causing stress and financial strain.
If you’re currently struggling with credit card debt, the good news is that there are ways to clear it fast and get back on track towards financial stability. In this blog, we’ll discuss some effective strategies on how to clear credit card debt fast.

Government Tackles Late Payments for SMEs: What You Need to Know

Discover the latest governmental measures aimed at reducing the burden of late payments on small and medium-sized enterprises (SMEs). This blog post explores the proposed policy changes, their expected benefits for businesses, and how Corporate Debt Recovery Limited can assist SMEs in adapting to the new financial landscape.