November 14, 2023
The impact of overdue invoices
Consistent cash flow is vital to the running of any business, and overdue invoices can have huge implications for SMEs, forcing cutbacks on expenditure and staff, downsizing premises, and freezing planned pay rises, yet the problem of unpaid invoices appears to be increasing year-on-year for many businesses.
Many SMEs report that they do not have the time or the resources to meaningfully chase overdue invoices, so beyond sending a few reminders, simply wait to see whether they get paid. This, in turn, leads to writing off hundreds, sometimes thousands of pounds at a time, money which – with fast and decisive action – could have been recovered, with interest!
What can you do?
If this is a problem your business is facing, let us help you recover the money you are owed. With a track record in negotiating, mediating, and if necessary, litigating, we work tirelessly to help our clients recover outstanding debts while preserving business relationships. Our approach is both firm and strategic, ensuring a swift resolution while safeguarding your reputation. Not only will we pursue the unpaid invoices for you, we will also exercise your statutory right to demand interest and compensation on the overdue money.
We have a commitment to transparent communication and have a deep understanding of the legal and practical intricacies surrounding debt recovery with expertise, empowering our clients to regain control of their balance sheet. Read our guide for businesses on taking control of bad debts.
From initial consultation to the final successful resolution, we offer clear guidance and unwavering support throughout. Contact us today for a reliable and professional approach to debt recovery, allowing you to focus on your business while we handle the legal complexities of debt collection. To learn more about our services or the debt recovery process, get in touch with one of our experts.
I have worked with Darwin Gray for a number of years and the level of service, professionalism and timely response is second to none. I would highly recommend Darwin Gray to any business.”
Darwin Gray have provided us with a first-class service for many years now. They really take the time to understand our business and develop relationships which results in advice and support that is contextualised and effective.”
We have worked with Darwin Gray for several years and have always found their services and advice to be first class.”
An extremely professional and sincere company who make time for your queries and understand the need to break down certain facts and information to ensure everything is understood perfectly. I would highly recommend the company to anyone looking for any type of legal advice”
PSS has worked with Darwin Gray for many years. We have always received an excellent service. Prompt and professional advice and support.”
We have used several departments within DG recently and we have been very pleased with an effective, efficient and down to earth service. Very happy thus far and I expect that we will continue to use DG.”
Darwin Gray offer us truly superb services. Very professional, quick and services available bilingually which is very important to us, highly recommend.”
My “go to” in urgent and time sensitive cases for direction, support and advice. The team are quick to respond to calls or emails for advice and support on all matters. Always explain complex matters in a way a lay person can easily understand.”