Insights & Articles

Why Late Payments Spike During the Holidays

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

As a business owner, you’re probably no stranger to the importance of cash flow. But even with the best intentions, getting clients to pay on time can be a challenge. That’s where having an effective credit control process comes into play—it’s what keeps your finances healthy and ensures you’re not constantly chasing overdue invoices.

As business owners, we all know how frustrating it can be when clients don’t pay their invoices on time. You’ve done the work, but getting paid can feel like a constant struggle. At McQueen Partnership, we work with businesses like yours every day, helping them streamline their credit control processes and get those unpaid invoices sorted.

Dealing with overdue invoices is a common yet challenging aspect of running a business. Unpaid invoices can significantly impact your cash flow, making it essential to manage them efficiently and effectively. Here, we'll explore how to handle overdue invoices, how to chase them politely, and what happens if they remain unpaid.

Effectively managing overdue invoices requires a proactive approach. This involves anticipating potential delays and taking steps to prevent them before they occur. Here’s a comprehensive guide to proactively chase overdue invoices while answering key related questions.

A credit control manager is a key figure within any organisation, tasked with maintaining the financial health of the business through effective credit management.

Struggling with overdue debts? Explore the benefits and costs of hiring a debt recovery agency in our latest blog. Discover why it's worth considering, what to expect in fees, and how it could streamline your debt collection process.

In the ever changing world of business, maintaining a healthy credit control system is crucial for long-term success. As we step into the New Year, it's the perfect time for credit control teams to reassess their strategies and adopt healthier habits.

In the fast-paced world of business, chasing overdue payments can be a challenging and emotional journey for business owners. The frustration and stress associated with debt recovery can often cloud judgment and hinder decision-making. In times like these, it's essential to remember the mantra: "Don't get bitter, get better."

In the world of finance, the role of a credit controller is pivotal. These professionals are entrusted with managing a company's accounts receivable, ensuring that payments are received on time, and helping to maintain a healthy cash flow. To excel in this role, a credit controller must possess a unique set of skills that go beyond mere number-crunching. In this blog post, we will explore the ten essential skills that make an effective credit controller, shedding light on what it takes to thrive in this crucial position.

Dealing with unpaid debts can be a challenging task for any business, regardless of its size. While it can be frustrating, it's essential to approach debt recovery with a clear strategy in mind to minimize losses and maintain positive relationships with your customers. In this article, we'll address key questions related to debt recovery, helping you navigate this complex process.

There are nearly 38,000 companies in critical financial distress, according to data prepared by analysts Red Flag for Begbies Traynor, a startling 25% rise. These signs point to financial challenges that we all need to address.

Debt is a common aspect of both personal and business finances. At some point, many individuals and companies find themselves dealing with unpaid debts. When this happens, it's essential to understand the debt recovery process to effectively navigate this challenging terrain.

In today's competitive business landscape, efficient financial management is crucial for sustained success. One often-overlooked aspect of financial management is credit control, which plays a significant role in ensuring a healthy cash flow and minimsing bad debts. While some businesses choose to handle credit control in-house, an increasing number are turning to outsourcing for various compelling reasons.

In the final section of our blog, we will delve into the process of selecting the right debt recovery agency for your specific needs. We'll provide guidance on what to look for and how to make an informed decision that aligns with your business goals.

The Benefits of Hiring a Professional Debt Recovery Agency

In this comprehensive guide, we will explore the myriad benefits of enlisting the services of a professional debt recovery agency.

Maintaining a healthy cash flow is crucial for sustained success. One key component of achieving this is through effective credit control. In this article, we'll delve into what credit control entails, the role of a credit control team, its significance, and how it differs from debt collection.

Managing overdue invoices can be a challenging task for businesses, especially when dealing with difficult customers who are slow to make payments.

Are you tired of chasing late payments from your clients? You're not alone. Many businesses struggle with unpaid debts, and often, they believe in common myths that can hinder their recovery efforts.

How SMEs Can Protect Their Finances and Wellbeing

→ Learn how to effectively recover debts and minimise losses. → Increase your chances of recovering owed funds. → In 5 simple steps.

Debt collection is a vital part of the financial industry that helps businesses and individuals recover outstanding debts. It involves engaging with debtors who have failed to make payments and working towards recouping the owed amount. In this article, we will demystify the world of debt collection and shed light on the role of debt collectors in the recovery process.

Late payment is a widespread problem in the UK, with many businesses facing delayed payments from their customers. In fact, according to recent research by BACS, UK SMEs are owed a staggering £23.4 billion in late payments, causing significant cash flow problems for many businesses. This figure has only increased since the pandemic, where cash flow has become even more critical for businesses' survival.