500,000 SMEs in financial distress

View this email in your browser Unpaid invoices to UK businesses increase by 24.5%

There has been a 24.5% increase in unpaid invoices in the UK since the Covid-19 pandemic was declared.

The Covid-19 World Pandemic was declared on 11th March, with UK lockdown on 23rd March – leaving many businesses no option but to close their doors, scale down their services or move to remote working environments.

Prior to ‘Lockdown’ overdue invoices – invoices that were 10 days + past their due date – stood at 30.4% of all invoices. That figure – 13 weeks following lockdown is now at 37.9% – an increase of 24.5% with the highest rates of unpaid invoices affecting the finance, insurance, IT and communications (60%); and leisure and hospitality (55%) sectors.

Read more here. Providers of debt recovery services for forty years
Controlaccount has been successfully collecting commercial and consumer debt on behalf of leading brand names, SMEs, public and not-for-profit organisations for forty years. Our debt collection methods are ethical, effective and transparent, with a focus on improving business cash flow, whilst preserving your customer relationships and reputation. Our services can be delivered on a no collect, no fee arrangement and using the Late Payment Commercial Debt Act 1998, where applicable. Our bespoke ClientWeb online portal provides our customers with up to date activity on all accounts placed with us, giving you full control at all times. Our CAI accredited collection teams conduct themselves courteously and professionally having extensive experience in dealing with contract law and commercial litigation; and understand the exact course of action to resolve outstanding debt issues. Controlaccount is a founding member of the Credit Services Association and its guidelines are woven into our everyday processes, giving your complete peace of mind. Experts in recovery for all commercial sectors High success rates  We partner with leading brand names throughout the world Service provided on a no collect, no fee basis or using LPA Immediate same day action CAI accredited collection teams Interactive online access with our ‘ClientWeb‘ portal Ethical and efficient, we are founding members of the Credit Services Association  For more information or a free, no-obligation quote call 01527 549 522 or drop us an email here How agile will your business be post-Covid-19? 

Have you considered how your ‘comeback; will look? Now is the time to hone your business in readiness for life post-Covid-19. 

Businesses may well be beginning to put plans in place for getting back to ‘normality’ following lockdown, but many seem to be proceeding with caution. Rather than immediately unfurlouging employees and offering full services in house, prudent firms are looking to outsource where they can to prevent putting themselves at further financial risk. 

Controlaccount helps customers identify, design, and implement change to improve business processes with performance-driven cost-effective solutions that deliver tangible benefits across many business applications. Designed to support growing companies, our customers include small, medium and large private businesses, public and not-for-profit organisations in all sectors of industry and commerce. Small companies have used Controlaccount to benefit from the practices and thinking usually associated with larger organisations, resulting in greater ability to plan activity for improved business performance.

To discuss how Controlaccount can future proof your business, click here, call 01527 549 522 or email.

Some of the benefits of using our BPO services Providers of Business Process Outsourcing for 40 years We partner with leading brand names throughout the world All UK services operate from the UK  Bespoke services built to client requirements Interactive online access with our ‘ClientWeb‘ portal Finance & accounting including order processing  UK, EU & International debt recovery Credit control, e-billing and on-stop processes Branded call centre campaign management IT support, web application and software development Managed post and digital mailroom solutions PR, communication and digital Marketing Data management and compliance Payment allocation/identification Trace & investigation services Ethical and efficient, we are founding members of the Credit Services Association  Download our brochure here Our Services Contact us today to see how Controlaccount Plc can help you. Website LinkedIn Email Delivering Business Process Outsourcing solutions to
Transport and Logistics • Utilities • Education • Manufacturing • Healthcare • Environmental

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