News updates
How safe is your commercial credit?
Keeping on top of your credit rating to ensure you and your business are classed as financially secure should be of the utmost importance as we head into 2024 and a year of potential opportunities. Add to this, in a world where digital scams and banking fraud are...
Credit control policies and the need for good credit management
Over 50% of UK SMEs rely on customers paying them to ensure that they in turn can pay their own creditors, however, recent research suggests that UK SMEs are owed on average £250,000 in late payments. If your business doesn’t have a credit policy it should get one or create one as soon as possible and our latest blog below shows how you can create a good credit policy for the success of your business.
Our editorial featured in Business Connect Magazine!
We are delighted to have been featured in the December 2022 / January 2023 edition of Business Connect Magazine, with our Managing Director, Paul Daine writing an editorial piece on Managing Your Cashflow During a Recession. The economy has been turbulent for some...
Paul Daine interviewed by GM Chamber for Credit Education Month
Premium Collections Limited are proud members of Greater Manchester Chambers of Commerce, and for Credit Education Month, Paul Daine, Managing Director of Premium Collections was honoured to be asked for 6 top tips for businesses to improve their commercial credit...
Inspired by Lego’s Zero Bad Debt
Premium Collections Ltd is a member of Callisto Grand (formerly the association for Credit Central and Eastern Europe) and in 2021 we thoroughly enjoyed our trip to the Credit Matters X Conference in Prague, particularly inspired at a talk by The Lego Group. The...
Unoccupied Properties
We are currently hearing a lot about commercial rents being owed to landlords as businesses have closed down, cannot afford their overdue rents or relocated as they no longer require the space and are trying to defer their rental payments. However, there is another...
How do you make a splash in business?
Building up relationships in business is so important. Whether it be through networking or the way you conduct yourself in your business life. There is an old saying that you should treat people the way you expect to be treated and the same can be said for business...
Always agree before you start!
The story below can be representative of several issues in business. It could be between partners/directors, employees and employers but this one is about a business and client. We have recently been helping a local business with the issue of an unpaid invoice but...
Can we learn anything from James Bond when it comes to business?
Bond is back fighting all kinds of evil villains. This British institution has stretched 60 years and created one of the most profitable film franchises of all time! But what can we take from the films and bring back into business? Well longevity would be one of the...
Is the perfect storm just around the corner?
Fuel price rises, food shortages , increase in wages! What could be next? Looking forward as a debt recovery specialist we are looking at the future with a glass half fill approach. As we see it there is a perfect storm on the way and it has been masked by Furlough...
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FAQ
Frequently Asked Questions
Is there a limit on how old a debt can be for you to chase it?
We can chase all debts up to 6 years old.
If my debtor has moved without providing a forwarding address can you locate them?
Yes we can. We work on a no trace/no fee basis.
If my debtor already has a County Court Judgment registered against them can you still help us?
Yes, we can help you with post Judgment enforcement of the debt.
What is your average success rate?
Every claim is different but overall we have a success rate of just over 80%.
Can you chase foreign debtors?
Yes we can. We work throughout the World.
Do you just chase businesses or can you chase individuals too.
We can chase individuals as long as the debt is not subject to a regulated credit agreement.
What is late payment compensation?
If my debtor disputes the debt can you still help me?
Yes, we will try and negotiate a mutually agreeable settlement with the debtor.