Robert Edge, our specialist debt recovery lawyer, has been appointed Chairman of the London branch of the Chartered Institute of Credit Management (CICM). Founded more than 75 years ago, the CICM is the world’s largest recognised professional body for the credit management community. It provides m…

Recent research from the Federation of Small Businesses (FSB) has put the spotlight on the UK’s poor payments culture, which it says costs the UK economy £2.5bn each year and forces 50,000 small firms under. The FSB has suggested a number of measures to help tackle the problem, but the issue of l…

Time is rapidly running out for any insolvency professional who wants to pursue claims under the Insolvency Act using the popular combination of an After-The-Event (ATE) insurance policy and Conditional Fee Agreement (CFA) and benefit from recoverable costs. An ATE insurance policy enables litigatio…

On an almost daily basis we here at The Debt Collection Centre (TDCC) see Debtor’s trying to dispute that an invoice is due although no complaint or dissatisfaction has ever been expressed until they have received a letter from us requesting immediate payment. As most businesses know, and as solic…

Here at The Debt Collection Centre (TDCC) we know that properly drafted terms and conditions are not only important but can bolster your negotiating position in the event that your invoices are unpaid or are disputed. If a Debtor does not pay and you are forced to issue Court proceedings your terms …

At The Debt Collection Centre (#tdcc) we know the time and effort it takes to cultivate and build relationships with customers and clients. No matter how good the service and/or goods are that you supply a longstanding relationship can be lost in a matter of minutes if for example a request for paym…

All too often customers do not make payment on time meaning you have to spend valuable time chasing. We can do that for you. The quantity of overdue invoices continues to have a negative effect on UK businesses and the economy as a whole. According to Natwest last year one in five businesses was owe…

The Debt Collection Centre (#tdcc) can only reiterate that the economy shows signs of improvement following the thoughts of Phillip Sykes, president of R3, the insolvency trade body, in respect of the quarterly insolvency statistics (for July-September 2015) published by the Insolvency Service on 29…

The Debt Collection Centre (#tdcc) comments that it is good to see both company and personal insolvency continues to decline as per the statistics release from the Insolvency Service. The number of company insolvencies in England and Wales continued to decrease. This decrease was mainly driven by a …

On 1 October 2015, the minimum debt for which a creditor could issue bankruptcy proceedings against a debtor was raised from £750 to £5,000. The £750 threshold was fixed in 1986 and did not move with inflation which would have seen it rise to approximately £1,700. Whilst it has been acknowledged…

Since 2002 it has been a statutory right for suppliers to charge interest on overdue invoices at the rate of 8% above a reference rate based on the Bank of England base rate, together with a late payment fee. Since 2013 the rules were updated meaning you can also now claim ‘reasonable’ recovery …