It’s not all doom and gloom out there but, as we gradually come out of lockdown, businesses that want to survive must adopt a realistic perspective. This is because there is probably £133 billion worth of debt which businesses have built up during the coronavirus lockdown – and this is no exaggeration!
In this live webinar, broadcast on Tuesday 23 June 2020, Stephen Cowan, Managing Director of Yuill + Kyle, and Chris Sanders, Head of Accreditation at the Chartered Institute of Credit Management (CICM) look at "The Credit Management Playbook – new visions and strategies as we emerge from lockdown".
Key points Stephen and Chris discuss during this webinar are:
To access this webinar, please click here.
We would be delighted if you would join Stephen Cowan, Managing Director of Yuill + Kyle, and Chris Sanders, Head of Accreditation at the Chartered Institute of Credit Management (CICM) for a live webinar looking at "The Credit Management Playbook – new visions and strategies as we emerge from lockdown".
The UK Government has published its Bill outlining temporary restrictions on use of statutory demands and winding up petitions and other measures – the Corporate Insolvency and Governance Bill 2020.
Since lockdown began on 23 March, none of Scotland’s 39 sheriff courts have been processing debt recovery actions. So, what do I mean when I say that we’re "back in business"? Well, as we have been telling our clients, we’ve always been open to guiding you and suggesting the best solutions during the pandemic. Our unswerving advice has been that if we initiated recovery actions during the lockdown, they would be dealt with on a "first come, first served basis" once the courts re-open. Many of our clients have taken this advice and, indeed, the Scottish Courts and Tribunal Service (SCTS) has confirmed that this is how they will be dealt with.
In this live webinar, broadcast on Tuesday 26 May 2020, Managing Director of Yuill + Kyle, Stephen Cowan, looks at how businesses can manage their credit control during this period of lockdown and beyond.
Stephen Cowan will be presenting an online training session with Central Law Training on the topic of 'Extracting Payment from Unwilling Debtors' on Thursday 21 May 2020.
When I give a presentation about legal recoveries, I usually start it by describing the various steps which a credit controller should take before referring an outstanding debt to their lawyer. Essentially, my recommendation is that the controller exhaust their own collection activity before passing the debt to us. Of course, what this will involve entirely depends upon that organisation’s individual credit control policy.
Yuill + Kyle's Managing Director, Stephen Cowan, will present a live training session on 18 September 2020, in collaboration with MBL, which will provide an introduction to all aspects of legal debt recovery in Scotland.
It’s never easy to ask your customers for payment during these difficult times. However, I hope you will find my top ten tips helpful in giving you some ideas how to approach this “thorny” issue. Let me know how you get on, and best of luck.
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