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Outsourced Collections

Construction companies hit hard 8% debtor days increase

credit management debtor days

Online business supermarket Funding Options have recently released statistics to show that the construction sector is continuing to suffer from a steady increase of nearly 8% in debtor days comparing year to year. The recent analysis of 13,213, UK construction companies have shown that during 2016/2017 the average debtor days has increased to 69 days. […]

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Resolving late payment issues using Late Payment Legislation

chase for payment effectively

According to results from the Zurich SME Risk Index , SMEs are owed an estimated £44.6 billion in late payments. Resolving late payment issues is vital for SME’s survival. using Late Payment Legislation as leverage is very effective. Worries over harming customer relationships can deter small business managers and owners from suggesting they will charge […]

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Using the Construction Act to Get Payment from your Customers

using the construction act

The construction industry is fraught with late payment and poor payment practices, in fact late payments rose by 27% within the construction industry in 2015,* with construction businesses writing off almost £15,000 on average in the past year **. The Construction Act can be used a vital resource in the construction industry to understand your […]

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