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Across the UK, £23.4 billion is locked up in unpaid invoices at any given time!

Nathan McQueen • September 11, 2024

Across the UK, £23.4 billion is locked up in unpaid invoices at any given time. That’s a staggering amount, and it’s no surprise that it can cripple even the most well-run business. How Late Payments and Poor Credit Control Are Hurting Your Business—and What You Can Do About It

Every business owner knows the pain of late payments. Poor credit control doesn’t just slow down your cash flow—it puts your entire operation at risk. The good news? You don’t have to accept this as part of doing business. There’s a way to take control, recover what you’re owed, and protect your future.


At McQueen Partnership, we understand the damage poor credit management can do, and we’ve built solutions to help businesses like yours fix the problem. From credit control to debt recovery, we’re here to keep your finances flowing smoothly.


Why Poor Credit Control Is So Damaging


When businesses let late payments slide, the effects can be devastating. It’s estimated that 62% of UK small businesses suffer cash flow problems due to overdue invoices. That’s not just an inconvenience—it can mean missing out on new opportunities, being unable to pay suppliers, or worse, putting your entire business at risk.


For too many, this ends in closure. Around 50,000 small businesses fail each year because of cash flow issues tied to unpaid debts. Those are real businesses, real jobs, and real futures lost. But it doesn’t have to go that way. With the right approach, you can protect yourself and your company from becoming part of that statistic.


Here’s How McQueen Partnership Can Help


At McQueen Partnership, we’ve designed services that directly tackle these challenges, giving you back control over your cash flow. Our Credit Control Solutions streamline your processes, allowing you to reduce risk, minimise bad debts, and keep your finances stable. We don’t just chase payments—we manage your credit proactively so that late payments are the exception, not the rule.

Want to improve your credit control? Explore our Credit Control services.


Recover What You’re Owed with No Hassle


When debts do fall through the cracks, you don’t want to waste time or money getting them back. UK businesses lose a shocking £4.4 billion each year in uncollected debts. That’s where our Debt Recovery Services come in. With a no-win, no-fee approach, we recover your debts quickly and efficiently, so you don’t lose any more time or revenue.


Ready to recover what’s owed to you? Learn more about our Debt Recovery services.


Need a Fresh Approach? Let’s Review Your Credit Management


Sometimes it takes an outside perspective to identify where things are going wrong. Our Credit Management Consultation gives you that insight. We’ll review your credit processes from top to bottom, identifying where improvements can be made to reduce debtor days, increase collection rates, and keep your finances healthy long-term.

Looking for expert advice? Check out our Credit Management Consultation.


Virtual Credit Manager: Full Support Without the Overhead


Not every business has the resources for a full-time credit control team. That’s why we offer the Virtual Credit Manager. This service gives you all the benefits of an experienced credit control manager—proactive management, expert advice, regular updates—without the cost of hiring in-house. It’s credit control on demand, with the flexibility to meet your business’s unique needs.

Want to know more? Find out how our Virtual Credit Manager can help.


Don’t Let Late Payments Hold You Back


We get it—managing cash flow can be tough. But with the right support, you can take control of your finances, recover what you’re owed, and focus on what really matters—growing your business. At McQueen Partnership, we’re here to make that happen.

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