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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

Owen Stirling 25 August 2021

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

Karl 9 August 2021

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

Owen Stirling 14 July 2021

cash flow, business growth, fraud prevention, debt collection, debt collector, Reduce Bad Debt

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

Karl 7 April 2021

Introducing Ko-bolt Prevent

Introducing Ko-bolt Prevent – Tackling the silent problem of long-term fraud The global pandemic has affected all businesses, but there’s been a silent problem developing which was set in motion way before the word COVID was uttered, long-term fraud. Long-term

Karl 12 January 2021

COVID‐19 expected to double unpaid business debt to £8.6 BILLION

According to data from Red Flag Alert, UK bad debt is set to spike following the recent restrictions imposed and rise further in 2021. According to an article by Red Flag Partner, Mark Halstead, it’s likely that economic disruption caused

Karl 9 December 2020

fraud prevention, debt collection, debt collector, Reduce Bad Debt

Swoop, the one-stop money shop, selects Ko-bolt as their debt recovery agency of choice.

Posted by Owen Stirling on 30 September 2020 | Featured

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?

Posted by Owen Stirling on 5 July 2020 | Featured

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

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