Top 5 Debt Recovery Strategies for B2B Businesses
In the world of B2B, unpaid invoices and overdue debts are more than just a minor inconvenience, they can disrupt cash flow, damage client relationships, and even threaten the financial stability of your business. We understand how crucial it is to recover outstanding debts effectively while maintaining good business relations. Here are our top 5 […]
Common Challenges in Property Transactions and How to Resolve Them
Property transactions can be complicated, with a range of problems potentially arising during the process. From miscommunication between parties to issues with property boundaries, these challenges can lead to delays and frustration. For buyers, sellers, or property professionals navigating these complexities, understanding common disputes, and knowing how to handle them, can make all the difference. […]
Understanding Your Rights: What UK Businesses Can Do When Faced with Non-Payment
As a UK business, cash flow is the lifeblood of your operations. When customers fail to pay on time, or refuse to pay at all, it can put a serious strain on your finances. Whether you are a small business or a large corporation, non-payment can disrupt your ability to meet your own financial obligations […]
The Benefits of Outsourcing Credit Management: When and Why It Makes Sense for Your Business
Effective credit management is crucial for maintaining healthy cash flow and ensuring the long-term financial stability of any business. However, managing credit internally can be complex and resource-intensive, especially for businesses experiencing growth or facing economic challenges. That’s why more and more companies are turning to outsourcing their credit management functions. But when should a […]
What Businesses Need to Know About Debt Recovery Law in the UK
In the UK, several laws and regulations govern the process of B2B debt recovery to ensure it is conducted fairly and legally. Here is a list of some of the UK’s key debt recovery laws and regulations you should be aware of: Limitation Act 1980 This law sets out the time limits for taking legal […]
Five Ways to Keep Your House Sale Simple
Selling your house can be a complex process, but it doesn’t have to be overwhelming. With the right preparation and professional guidance you can streamline your sale and minimise stress. Here’s how to get started and what you should have in place if you’re putting your house on the market: 1. Conduct essential repairs and improvements […]
In-house Debt Recovery VS. Using a Professional Service
Why Outsourcing Debt Recovery Makes Sense for SMEs Managing debt recovery is a crucial aspect of maintaining cash flow and ensuring financial stability, especially for small and medium-sized enterprises, or ‘SMEs’ for short. While some businesses choose to handle this in-house, there are compelling reasons to consider outsourcing this task to a professional service like Axis […]
Business Best Practices for Chasing Late Payments
Late payments can be a significant hurdle for businesses of any size, disrupting cash flow and creating unnecessary stress for your employees. Fortunately, with the right approach, you can ensure timely payments while maintaining positive client relationships. Our debt recovery experts have put together some practical tips and strategies to help you chase late payments […]
Understanding How Long You Have to Recover Business Debt
What is The Six-Year Rule for Debt Recovery in England, Wales and Northern Ireland? A widespread misunderstanding is that unsecured debts are written off after six years. While it’s true that many unsecured debts cannot be pursued through legal means after six years, this does not mean the debt simply disappears. Instead, the debt becomes […]
How to Recover Debt from a Business – A Step-by-Step Guide for Companies
Having a debt recovery process in place is integral to the smooth running of any business and key to avoiding a long, drawn-out recovery process – important for your company bank balance but also for the emotional wellbeing of whoever is responsible for chasing that debt within your team. Here we talk you through 4 […]
