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Why Early Intervention is Key in High-Volume Debt Recovery
For businesses handling a high volume of credit accounts, timing isn't just important, it’s everything. Data consistently shows that early intervention leads to higher recovery rates and at Redwood Collections, we know this from experience.The clock starts ticking the moment an invoice becomes overdueOnce a payment deadline passes, your chances…
VIEW5 Ways to Strengthen Payment Processes in Construction
Given the sector’s often extended project durations and complex chains of contractors and subcontractors, even minor payment delays can escalate into significant operational challenges. The good news is that improving payment processes doesn’t always require major changes to your existing system. In many cases, a series of practical and consistent…
VIEWThe Operational and Financial Toll of Persistent Late Payments
In the long term, the ongoing pursuit of this can place undue pressure on internal teams, redirecting critical focus from strategic financial management and ultimately undermining operational efficiency and profitability. Although late payments are a common challenge for many businesses, their impact on your organisation can severely affect long-term financial stability…
VIEWWhen to Escalate a Late Payment
What starts as the occasional delay can quickly snowball into a pattern that disrupts cash flow and creates ongoing financial uncertainty.So how do you know when it’s time to stop chasing and start escalating?1. Late Payments Start Slowing You Down One late payment might appear manageable but multiple outstanding debts can…
VIEWSupporting Your Team with Smarter Credit Control
Without a clear credit control process in place, managing payments can quickly become overwhelming. Invoices may be issued late and follow-ups can be inconsistent making cash flow harder to predict. For businesses without dedicated credit control staff or structured procedures, this adds extra pressure. Companies of all sizes often face…
VIEWUK Firms Missing Out on Millions in Recoverable Wages from Ex-Staff
They can occur when an employee leaves partway through a pay period, when commission or bonus payments are miscalculated, or when annual leave balances are incorrectly processed.According to Sprintlaw UK, employers in the UK are legally entitled to reclaim overpaid wages, even if the error was their own. This right…
VIEWBusinesses Struggle Under £26bn Late Payment Burden
For many businesses, it has become such a common feature of trading that it is almost seen as normal but normal doesn’t mean acceptable. Systemic late payment culture is eroding trust between suppliers and customers while costing businesses billions in lost working capital.Recent research commissioned by the Department for Business…
VIEWThe Future of Independent Schools Under Threat as Financial Strain Escalates
Rising costs and tougher competition for admissions are reshaping the UK’s independent education sector, meaning every enrolment and fee payment carries greater importance. In this climate, parents are placing increasing value on clear fee transparency, making it vital for schools to manage change with confidence while preventing overdue fees from…
VIEWData Shows Roofing Enquiries Down to a Third
According to the NFRC’s Spring 2025 report, only 36% of contractors saw workloads increase, down from 48% in the previous quarter. New enquiries also dipped, with just a third of firms reporting growth. While some regions such as the Midlands remain relatively resilient, the broader picture is one of uncertainty.Periods…
VIEWGlobal Trade Turmoil Puts UK Logistics SMEs at Risk
Even when tariffs aren’t directly applied to UK businesses, the ripple effects reach them through higher prices for imported goods, disrupted shipping routes and greater uncertainty in customer demand. For SMEs already working with tight margins, these shocks create serious financial strain. LogisticsManager.com found that 68% of UK manufacturing and logistics…
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