Stroud based Bookkeeping with Management Information and Payroll specialist Bookcheck, has launched a new Debt Management Service.
According to UK Government figures UK businesses are owed a staggering £23.4 billion in late payments. The average SME spends 1.5 hours a day chasing late invoices. COVID 19 has made what was a bad problem even worse with 62% of all SMEs experiencing an increase in late payments or payments frozen altogether since the pandemic began.
Anthony Pilkington, Managing Director of BookCheck explained the rationale for launching the service now: “Arguably the need for a service like our new Debt Management Service has never been greater. Late payments can have a suffocating effect on a firm’s cashflow. On their own they can cause a downward spiral of interest and bank charges and even suppliers refusing to supply vital goods or services. Our new service has a lot in common with our other services in that it lets businesses concentrate on what they do best, running their business”.
The BookCheck Debt Management services starts with a Credit Management Healthcheck which crucially identifies the current situation, problem areas and priorities for action. BookCheck can then devise a bespoke plan with a range of activities to get the business back on track.
So if you have trouble getting paid or you are finding that you are wasting too much time chasing invoices, then this service could be the answer for you. If you would like a free 15 minute consultation, contact us today and get that money rolling in! https://www.bookcheck.co.uk/credit-management
