The Benefits of Using a 3rd Party to Recover Debts: Fixed Fee and No Win No Fee Options
Running a business comes with a wide range of responsibilities, and one of the most important—but often frustrating—tasks is debt recovery. Late payments can hurt cash flow, disrupt operations, and cause unnecessary stress. This is where outsourcing debt recovery to a third-party service can prove to be a game-changer. Many businesses choose to work with […]
Explaining Late Payments in Commercial Contracts: The Late Payment of Commercial Debts (Interest) Act 1998 and Section 69 of the County Courts Act 1984
Late payments from clients can significantly disrupt a business’s cash flow, causing financial strain and operational difficulties. This issue has become increasingly common in today’s challenging economic climate. To help businesses manage this risk, English law provides mechanisms to claim interest on late payments. This article will explore when to use the Late Payment of […]
Hindsight in Business: Crafting Terms that Secure Tomorrow’s Success in Debt Recovery
In the world of business, encountering clients with debt recovery issues is not uncommon. At McKenzie Legal & HR, we frequently engage with businesses facing challenges in recovering money due from unpaid invoices. One recurring theme we notice is the frustration stemming from poorly constructed or non-existent terms of business. Many clients approach us with […]
The Power of Precision: Why Correctly Drafted Invoices Matter in Debt Recovery
In the intricate world of business, attention to detail is not just a virtue—it’s often a necessity. While many aspects of running a successful enterprise demand meticulous care, one seemingly mundane yet pivotal element that frequently slips under the radar is the humble invoice. In this blog, we will delve into the fundamental importance of […]
5 Steps to Improved Cashflow and Efficient Debt Recovery: Don’t Let Late Payments Slow Your Business Down
Any business that wants to manage its financial resources and make sure that it has sufficient funds available to cover its ongoing responsibilities and expenses must have an efficient cash flow procedure. The prompt collection of debts is a crucial part of a successful cash-flow operation. In the UK, there are several laws that relate […]
