Contact our debt recovery specialists. Call 0141 331 2332
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".
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.
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.
As probably all company directors know, they are not personally liable for their company’s debts – with some notable exceptions. The current health crisis is likely to mean that many limited companies are facing financial distress. So, it will be understandable that directors will attempt to avoid this problem by sourcing additional funding to tide their business over as well as negotiating extended payment terms from its existing lenders and creditors.
Testimonials
Yuill + Kyle are an extremely focused firm who are achieving great results for us north of the border. Their client-focused staff keep us 'in the loop' so we are able to make timely decisions, helping us to recover more of our money.
I would not hesitate to recommend Yuill + Kyle's services to other business colleagues. I recently sent Yuill + Kyle's pre-sue letter to 2 debtors. Within 2 days of Yuill + Kyle sending these letters one of the debtors paid his £560 and the other his £750, all for the fee of a 7 day letter!
I instructed Yuill & Kyle to send a pre-sue letter to my debtor. This resulted in the debtor paying their outstanding £2750. We also received a letter of apology from them!! Great result!!
I have to say that Yuill + Kyle have represented my best experience to date with solicitors, and although I was unable to take this matter further on this occasion I would have no hesitation in using you again or recommending you to others.
I would really like to recommend your services to everyone considering litigation. Your online service is fast, efficient and easy to use. We found that your costs are simply unbeatable for pre-litigation and I feel sure that when we require legal support, Yuill + Kyle will be our first choice.
Yuill + Kyle successfully recovered £19,000 for our client. We were delighted with their professionalism and fully intend to use them again in the future.
"Stephen Cowan displays calm equanimity in the face of challenging, complex and often adversarial situations, and responds quickly and professionally."
Contact our debt recovery specialists.Call 0141 331 2332
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