Credit Control Archives - Corporate & Commercial

Category Archive: Credit Control

Your 4 step guide to being paid for Christmas.
October 28, 2025 12:19 pm Leave a Comment
We know you don’t want reminding of this but Christmas is on it’s way ! !

Yes, we can hear you from here… but what has Christmas got to do with credit control ?

Simples, the invoices you raise in October become your Christmas Cash-Flow ! !

Let’s not forget that December brings 4 weeks of expenditure but with only the potential for 3 weeks of sales, so now more than ever, it is important to have a strong grip on your credit control.

We advise you incorporate the following 4 simple steps to maximising your chances of being paid before Christmas.

1, Analyse your ledger, see which clients have large bills from October, ring their Accounts Payable and ask them when they are closing for Christmas.
- Being forewarned is forearmed. You can’t chase an account if there’s nobody there to take your calls or answer your emails.
2, No later than the 14th November, email a statement of account to ALL of your customers.
- Some customers WILL pay early when you flag it up just to get it off their desk but if you don’t take that chance, you won’t feel the reward.
3, On Wednesday 26th November, send a ‘Pre-Due Email’ to the larger accounts that will make a difference to your cash flow.
- A one paragraph email asking whether the customer has everything they need from you before processing the invoice/s can also provoke a payment.
4, Finally, set an afternoon aside on Monday 8th December to ring around the remainder of your October accounts.
- Book time in your diary, let your team know what you’re doing, grab your credit control script (ring us if you don’t have one) and make some calls. Worse case scenario, it’s a great excuse to catch up with clients, wish them all the best for Christmas and cement those customer relations, all whilst securing your hard earned monies.
Follow the above and we can guarantee you’ll maximise your chances of having your ‘dough, dough, dough’ by the time you’re hearing ‘ho, ho, ho’.
Corp & Comm raise over £1,500.00 for Candlelighters Children’s Charity
11:41 am Leave a Comment
As the now ‘infamous’ chanteuse Britney Spears once said… ‘whoops (we) did it again !!’

It’s official – Corporate and Commercial’s 2025 charity golf events are a wrap.

Our hardy bunch travelled the length and breadth of Yorkshire, taking in Mother Nature’s glory at her best, all whilst entertaining a ‘walk less spoiled’.

We went from Selby to Sandmoor, Rotherham to Harrogate, all in the name of raising money for those less fortunate than ourselves.

We’re so proud, hugely honoured and somewhat humbled, to declare to anybody who cares to listen that between us we managed to raise a whopping £1,550.00 for our chosen charity for 2025, Candlelighters Children’s Charity.

A huge thanks must be made to all of our Society members, for taking time out of their businesses one Friday every month during the Summer (because we’ll only ever play when it’s warm…) to put egos, status and ability aside to contribute to something greater than themselves.

We’re already well on with building the schedule for 2026’s extravaganzas. If you fancy a light hearted smash with fellow charitable souls, feel free to drop us a line. There’s always room for those who are prepared to others before themselves.
Do you have ‘Yorkshire’ AI running your credit management ?
July 10, 2025 10:09 am Leave a Comment

Day by day, it’s becoming the ‘in thing’ for business to incorporate A I (Artificial Intelligence) into their ways of working.

We’re massive advocates of A I and are always looking to integrate A I techniques into the process elements of our business but can A I really work in Credit Management ?

Be honest, how many of you note an important email for later when you’ve got more time to deal with it ?
Then how many of you simply forget the email because it’s then lost in a deluge of new emails that come in ?
Email communication can be great for certain things but it does come with it’s challenges.

A recent Yale University study analysed whether debt recovery outcomes could be improved by implementing A I ?

Their findings were startling, in so much that the study concluded that :

A I debt collection is significantly less effective than traditional human managed methods.

Some useful take-aways from the study were that :
- Human collectors secured 23% more debt repayments compared to A I based systems.
- Debtors were 34% more likely to respond to human outreach.
- Customer satisfaction and retention were significantly lower for accounts managed through A I.
As regular readers know, we’re unashamedly ‘Old Skool’ when it comes to business. We’re all about building real relationships with both Clients and their Customers. As a result, our first impulse is to pick up the phone and chat. Our secondary method is to rely on the computer. We only use emails to supplement the personal work our team undertakes.

Making payments can be tough for some businesses but if they know they’ve got a supportive team around them, this makes clearing a Client’s invoices a whole lot easier.

Faceless AI chasing may be for some but we prefer our own personal A I, done the Yorkshire Way ! !

Our A I mantra reads – Always Interacting, Always Interested. People first, Process second.
It’s all too easy to close a business so can we change insolvency rules for good !
April 10, 2025 1:58 pm Leave a Comment

Useful statistics – 85 % of ALL SME businesses suffer the pain of bad debt annually.

In fact, it is estimated that £21 BILLION was written off throughout 2023 in bad debt alone.

Now if you have somebody like Corp & Comm in your corner, your likelihood is that we’d be able to recover some of those monies.

However there is an alarming growing trend of companies ‘going bust’ or closing, to then simply ‘phoenix’ or start again with a new business simply with a slightly different trading name but with the same dubious people at the helm.

This practice is immoral, dishonest and unfair to the hard working businesses that suffer the pain of somebody else’s shady practices.

Stat Alert – Company insolvencies are at their highest they’ve been for 14 years. Around 20% of legitimate business closures are as a direct result of none payment of their invoices. If we could reduce the ease people can avoid paying their debts, we could reduce the number of companies who are no longer getting paid and stop innocent companies shouldering the pain of bogus businesses.

The challenge is it’s currently all too easy for a dubious business owner to purchase items and assets, raise a load of debt against a company, conduct some shady deal to transfer these assets to their ‘new’ company that is free of debt and fold the first debt ladened company. All these dodgy dealings carry no repercussions to the Directors themselves, not one !

We have to make people think twice before simply putting their company into insolvency. If there was more accountability when it came to insolvency, would it make people think twice about closing their business so readily ?

Our MD Rob Lewis was granted an audience with our local MP Robbie Moore, to discuss how we change legislation surrounding company insolvencies. Mr Moore was shocked to hear the staggering values of sums that small business has to burden and how easy it is to evade payment and he vowed to raise the matter in Parliament.

We must push for change to insolvency rules. If it eases the burden of debt on hard working businesses and ultimately leads to some of that £21BILLION making it’s way back into our economy, who wouldn’t ? ?…..

We’ll keep everyone posted as to how our campaign goes.
Not all Superheroes wear capes ?
February 27, 2025 12:10 pm Leave a Comment
Corp & Comm’s growth trajectory continues and as a result, we’re eager to help more and more businesses manage their cashflow and avoid the pain of bad debt.

We’re pleased to announce we’re recruiting for another cashflow superhero.

Do you know somebody who can help us, help others ?

We have a part time position open in our Credit Control department.

Hours will start between 16 / 20 hours per week, based in our Skipton office set on the beautiful Broughton Hall estate.

Would suit a local school parent as we’re happy to work around school hours and holidays.

Hoover is our key phrase when it comes to recruiting as we hire on V.A.C.

VALUES – ATTITUDE – COMMON SENSE.

If you know of somebody who fits the bill, drop us a line to introduce them, or indeed ask they to drop us a line direct.

We’re a nice bunch and we don’t bite (that’s Beau, our Wellbeing Officer’s job)… Relax, she’s a Bocker !
Cashflow Pressure and Bad Debt Pain, how to remove these two constant business bedfellows ?
February 17, 2025 4:50 pm Leave a Comment
Cashflow Pressure and Bad Debt Pain… two constant bedfellows of running a business.

Not to get all political (life’s too short) but we’re all looking at the impending PAYE increases in April, with an eye on what other challenges the Chancellor may bring in the Spring statement.

We believe there’s only two ways to managing cash flow stress : Get the groundwork right in the first instance and then manage the cash collections process properly.

Like ‘they’ say, you can’t build a house without good foundations and the same applies for effective credit management. You can’t expect payment unless your initial details are all good.

Company insolvencies continue to be high (23,872 in 2024) and to only way for you to avoid the pain of bad debt from a client insolvency is to not suffer it in the first place.

The New Year brings new opportunities for you to take a look at your account processes and make sure you’re all fully prepared to maximise your chances of being paid.

Ask yourself these three simple questions…

1, Do we know who we’re actually dealing with ?

Why ? – Securing a prospects full details, researching them, their history and any untoward debt information to help you make measured decisions as to whether to deal with them.

2, Do we know how much financial risk to take ?

How ? – Credit checks and initial referencing will give a picture as to the liquidity of a prospect but this information can be up to 12 months old. Constant and consistent referencing and measuring is key.

3, Do we have a process for recoveries ‘if things go South’ ?

When ? – Do you know when to ‘let go’ ? Does your credit control process have the provision to escalate matters beyond what you can do as a business ?

Regular readers know that we advocate learning and understanding as the key to business growth. We’re always trying to educate the readers that there are solutions available that will :
- Remove uncertainty as to who your client actually is.
- Minimise risk and exposure when dealing with clients.
- Maximise your chances of recovering your hard earned monies.
Rest assured there’s no initial costs just to pick up the phone and have a chat.

We’re a good bunch really and like nothing more than helping other busy business owners remove the pressures and pains of experiencing bad debt.

Simply drop us a line or give us a call. Now more than ever is the time to act.

Corporate and Commercial – Always looking forward into the future.
How do you stop other people’s insolvency impacting your business ?
November 1, 2024 11:14 am Leave a Comment
ISG, one of the UK’s largest building contractors recently fell into Administration.

The likelihood is that there will be a ‘pre-pack’ sale, where the assets and goodwill will be bought by a new ‘phoenix’ company but this won’t stop the ripples of insolvency spreading far and wide.

It is estimated that ISG are/were involved in contracts worth around £1.8bn but that subcontractors have been told to stand down with immediate effect.

‘But I’m not in construction, so how will this insolvency affect me ?’… I hear you ask.

Ripples from insolvencies travel much further than just the immediate subcontractors and suppliers. Sadly some major suppliers may also face insolvency now their ‘meal ticket’ has gone and in turn will pass this pain to their own supply chain who will face the prospect of not being paid.

For example – Subcontractor ABC Limited if forced to write off their £300,000 ISG debt.

They now don’t have the money to pay their Marketing Agency their monthly retainer.

In turn, the Marketing Agency can’t pay their Copywriter Company who was retained externally to create a PR piece for another project.

Finally because the Copywriter Company hasn’t now been paid, they cannot then pay their monthly HR bill that they outsource themselves… and so on and so on.

What can we do to avoid the ripple effect of this debt pain.

1, Try not to earn only big ticket items.

Tempting as it is to chase ‘the Golden Goose’, recent events show no business is too big to close. Use the big ticket invoices to re-invest in processes and practices to aid in developing your business further to secure more frequent residual clients.

2, Limit your risk through sensible invoicing.

Analyse your invoices. Can you break an invoice down into parts and invoice smaller but on a more regular basis. A non-payment of a smaller invoice by a customer is an indicator of bad things to come and allows you to address a debt challenge earlier.

3, Be aware of your exposure at all times.

Good credit control is all about being vigilant and organised. Regularly monitor your credit limits and analyse the payment days of your customers. If you find a customer exceeding both, take action to reduce that exposure before it’s too late.

We all know that some business is all smoke and mirrors and recent events show that some of that may be true. The key for businesses who deal in credit is to reverse that mirror, look closely at yourself and your practices and ask…

‘Is there anything I can do better to avoid the ripples of debt pain lapping at my door ?’
You deserve a holiday, your cash flow does not.
May 30, 2024 9:04 am Leave a Comment
Ah, the Summer… A time for unnecessary sun cream purchases, lonely garden furniture and barbeques in the rain.

It will soon be holiday season and just as business owners need to plan their own holidays, they also need to plan for the effect the holidays can have on finance.

After all, you don’t want to be giving your cash flow a holiday too do you ?

For most of us, the invoices you raise in June fall due at the end of July and will look to be paid the first week of August… bang in the middle of holiday season.

But your business doesn’t take a holiday. Wages still need to be paid. Bills and invoices still require payment. Therefore you need your own invoices settled promptly in order to keep the cash flow moving and ultimately allowing you to have a stress free, well deserved holiday.

If you’re already a Corporate and Commercial credit control customer, then you can just kick back and relax, knowing that you have a dedicated credit controller to be on top of it all for you.

However if you’ve not yet experienced the peace of mind having a successful credit control process brings and currently you’re short on time, resource or desire, read below for…

3 Easy Steps to Avoid Cash Flow Stress during the holidays.
1. Remove potential payment delays. If you know there’s a query on an invoice, get it resolved. Invoices are not going to be paid whilst an issue remains. Don’t give a debtor an excuse to say… ‘you were meant to sort that for me’.
2. Invoice promptly and correctly. If there’s an invoice that can be raised, raise it. Even if it’s for part of a project, get the invoice raised. It’s better to have some monies coming in whilst you’re away than none at all. Send statements regularly to flag up what is owed to try and avoid any further delays.
3. Plan for payment. Pick up the phone, speak with your customers, ask them when they’re away and who will be covering their desk. Act on it with an email with any invoices that fall due in their / your absence. Something along the lines of…. ‘Dear John, just a quick note to supply you with your invoice that will fall due on the 16th August. I know you’re away / I’m away for a few days beforehand so just felt it prudent to get this across to you just in case. My accounts team are on hand should you wish to discuss this further, otherwise we’ll keep an eye out for your payment on the day’.
In short, treat your accounts as you’re treating your impending holiday.

Make a plan, prepare and execute.

Following these simple steps before the holidays can guarantee a good night’s rest whilst you’re away. Safe in the knowledge that you’ve done what you can to maximise the return of your monies but if you’d rather spend your time planning and packing, drop us a line and let us take away the stresses and stains so you can just kick back and relax.
Bad debt (credit) insurance, is it really worth it ?
February 19, 2024 5:19 pm Leave a Comment

We insure our cars, our house and sometimes even ourselves – but how many of you have considered insuring the life blood of your business – Your cash flow.

We’re at the coal-face of the credit and debt industry and we have seen a steeped rise in companies failing over the last 12 months.

A recent BBC editorial highlighted the fact that company insolvencies were at their highest since the 90’s and effectively every 1 in 200 active companies closed in 2023.

Frightening statistics ! But what can you do when a customer enters insolvency ?

Credit insurance is like most insurance… it can be costly and you hope you won’t want to use it but when you do, it can be life saving.

Now we don’t profess to being experts at insurance but we have trusted contacts who are. We picked the brains of Tamlynn Siddle at Allianz for her thoughts as to the whys and wherefores of credit insurance and how it all works.

Effectively with the appropriate cover in place, should you suffer the shock of having a customer enter insolvency, in straightforward cases a client can receive up to 90% of their losses back from the insurance company.

Even when you’re experiencing a late paying customer, your insurance can help. For example, if Corp & Comm were retained to recover your account but sadly all of our actions were being ignored (which is rare but we have to admit it does happen from time to time) then after a pre-agreed period of chasing, you can pass this account to your insurers and should they also not be successful, you again could receive up to 90% of the debt value back via the insurance company.

In short, although there are no guarantees that you won’t experience a customer’s insolvency, there are ways that you can avoid feeling the full brunt of that pain.
Never mind three wise men, what about three wise tips to getting paid…
November 7, 2023 5:07 pm Leave a Comment
The invoices you raised in October are your Christmas Cash-Flow.

To maximise your chances of being paid these invoices before the Christmas break, it is vitally important to you have all your checks and balances in place.

This year, a lot of companies will shut down for Christmas around Friday 22nd December (if not before…) and the likelihood is, they won’t be returning until the New Year.

This means that you’ve only got three weeks to recover four weeks worth of invoices.

Don’t be phased though, use the last weeks of November to action your Christmas Cash-Flow Plan.

With a bit of careful thought, planning and action, you can maximise your chances of December being all… Ho-Ho-Dough !

1 – Review all of your invoices that will soon be falling due.

Have all of your invoices been sent ? Can you send them again by email also to ensure receipt ? Do your invoices contain all the information they should ? Most importantly, do they contain your bank details ?

Now is the time to make any amendments to any invoice and get them sent again to the customer.

2 – Find out when your customers are closing.

Pick up the phone. Use the opportunity to continue to grow your business relationship but also find out when your customers are closing for Christmas. Make a note and you’ll ensure you’re able to chase your invoices when they’re actually around. Finally use the opportunity to make sure they’ve got your invoices and that they don’t need anything further.

It may seem cheeky to ask about invoices that aren’t yet due but it’s better to resolve challenges now than when the time is ticking.

3 – Set two dates in your diary for credit control.

December can be a manic month, we’re trying to fit four weeks of work into the three weeks on offer. As a result, we have a tenancy to concentrate on sales and revenue and NOT financial admin. By physically putting two mornings into your diary, be it Outlook, Google or whatever method you use, you ensure that you spend time of the important function of Christmas Cash-Flow.

A good tip is to diarise the first and second Thursdays of December. People often take Fridays off Christmas shopping.

There’s just a few tips as to how to reduce your Christmas financial stress, whilst all along increasing your chances of Christmas Cheer.

Don’t worry if it seems a lot, we’re always on hand to discuss, advise and guide how you can implement same and should it all seem too much time and effort, then we’re there to pick up the baton for you instead.

Enjoy the rest of 2023, from all the Team at Corp & Comm.