SMEs urged to outsource late payments

Nov. 3, 2011 - PRLog -- “The latest research from payment organisation Bacs revealed the UK’s late payment culture is getting worse. The amount owed to SMEs in late payments is at a worrying high of £33.6billion with SMEs waiting on average 28 days more than the original payment terms (at least two months) to get paid.

“Outsourcing this function to credit management specialists can significantly improve cash flow and peace of mind, allowing SMEs to focus on their main business. By highlighting the fact that late payments will be outsourced, upfront in their terms and conditions, SMEs are much more likely to receive prompt payment and payments that are overdue and become debts can be pursued more successfully using a range of debt collection techniques.”  


For further information please contact:
Nicolle Farthing/ Emma Murphy/ Lianne Robinson
Broadgate Mainland
Tel: 020 7726 6111
nfarthing@broadgatemainland.com / emurphy@broadgatemainland.com  / lrobinson@broadgatemainland.com

Notes to editors

Daniels Silverman is a leading national debt collection agency that has been providing professional debt recovery services since 1995. It specialises in business debt collection and consumer debt recovery on a no recovery no fee basis.

Daniels Silverman has developed a unique debt recovery IT system and unrivalled debt recovery processes for fast and cost effective debt collection.

Daniels Silverman is committed to delivering professional, ethical debt recovery services. It holds an Office of Fair Trading Licence and is a member of the Credit Services Association.

Website
http://www.danielssilverman.co.uk/

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Founded in 1994, Broadgate Mainland is an award-winning company that specialises in financial services public relations.