Independent specialist credit insurance and surety broker Avenue Insurance Partners has acquired boutique specialist commercial debt resolution company Ko-bolt. As the volume of business insolvencies and credit defaults continues to rise and the demand for credit insurance broking and debt … Read More
Author Archives: Karl
When should I use a debt collection agency?
Unfortunately late payment is a problem faced by businesses of all shapes and sizes everyday, and the current economic environment is only making things worse. You may be following all of the strategies we’ve mentioned in earlier blogs, but customers … Read More
How to spot commercial fraud
Commercial Fraud is on the rise and the annual cost to the UK economy is estimated to be £190bn per annum (according to the National Crime Agency). Criminals are very good at fooling even the most seasoned credit manager and … Read More
How does commercial debt recovery work?
It’s no secret that United Kingdom has a poor payment culture. 62% of small businesses have been subject to late or frozen payments in the wake of COVID-19, according to a report published by the FSB. A commercial debt recovery … Read More
Switch On Your Cash Flow Guide
“What started as a hobby turned into 3 months worth of writing the epitome of credit management.” During the Christmas break of 2020, I was thinking about COVID-19’s impact on the economy and particularly cash flow. I can trace that … Read More
How to effectively manage credit and late payments
On average, larger business wait 53-55 days for payment. While SMEs wait, on average, more than 60 days to get paid. Could your business afford to wait this long for payment? Unlike larger companies and corporations that may have the … Read More
Swoop, the one-stop money shop, selects Ko-bolt as their debt recovery agency of choice.
We are delighted to announce that Swoop have selected Ko-bolt as their partner of choice for debt recovery. Through the partnership, 46,000+ businesses now have access to simple, affordable and professional debt recovery services designed to maintain the buyer-supplier relationship. … Read More
How important is an Invoice and why?
In this post with guest content provided by Kevin Artlett FCICM ACII, Director of specialist credit management advisory, Pecunia, we explore the importance of your Invoice and how getting it right can make all the difference getting paid. “The Invoice … Read More