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info@liquidrecovery.co.uk
Tel: 0113 268 5768
Fax: 0113 268 5723
NO RECOVERY
NO FEE
Prevention is better than cure
How to help your cashflow
We can review your credit control Systems or put one on place.
We maintain your relationship with your clients
This week's top tips are:
1) Check your terms and conditions.
2) Have the right system in place for your business.
3) Chase all debts outstanding for more than 60 days.
Email us to find out more on how we can help:
info@liquidrecovery.co.uk
Remember
NO RECOVERY, NO FEE
We get the debtor to pay late payment interest and compensation.
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Debt Recovery Services making the cash flow in your business
Customer/Client not paying?
Is it because you have gone to the bottom of the pile and they are not taking you seriously. They know all you will do is chase them again and they will ignore you again or worse still claim the cheque is in the post.
Be Serious about recovering your debts. Let Liquid Recovery make your cash King.
NO RECOVERY NO FEE
- No Recovery No fee works by you giving Liquid Recovery your outstanding invoices. We guarantee NOT charge you for doing any pre-legal work in recovering your money.
- But as we charge the debtor late payment interest and compensation you can keep approximately 95-98% of your book debt!
- If you want to know more please contact us.
Credit Control
Credit Control is a vital part of running any business — and especially in the current client when your clients and customers are experiencing cash flow problems.
Every year, thousands of businesses go bust. Many are profitable but are owed money by customers. Unable to pay suppliers, they are eventually forced to cease trading.
As a business your focuses is on four key areas.
- Deciding what credit to give a customer.
- Everyday credit control.
- Chasing debts.
- Coping with other companies’ bad habits.
Things to consider on everyday credit control
1. Invoice promptly. The sooner you invoice, the sooner the payment is due.
2. Set aside a regular time each week to chase outstanding invoices, focusing on:
The largest debts, followed by the oldest.
Customers you guess may have problems.
3. If a customer exceeds your credit limit, insist the excess is paid before accepting any more credit orders.
4. If a customer has not bought from you for six months, or orders fall below your minimum, find out why.
Is the company going bust? - If so, try to get any money you are owed as soon as possible.
If customers do not want to buy any more, cancel their credit.
Warning signs
Your customer may be getting into difficulties if the pattern of payment behaviour changes.
Common symptoms to look out for:
Delays in payment get bigger.
The customer tries to make payments on account, only paying part of the bill rather than the full amount.
In other cases, the signs of trouble may be more clear cut:
Common symptoms to look out for:
Discounts are taken when not allowed.
Penalty charges incurred are not payed.
If you need help or further training for your internal credit control solution please email info@liquidrecovery.co.uk
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