Debt Collect Success Story
Debt Collect Success Story
Business Club Ayrshire's member Debt Collect UK were instructed by a client who works in manufacturing to collect a debt of around £300,000 at the end of June start of July 2019. Our client had dealt with this company for over 15 years and had built up trust with them over this period, they had always paid them, although sometimes late. Our client is a small to medium sized business with around 25 employees so the fact they were £300,000 out of pocket was putting them under severe cashflow problems, and they didn’t want to rock the boat too much with one of their biggest clients. However their invoices had been outstanding from February – June 2019 and they had to take some action. They could not afford to instruct a solicitor to collect this debt for them as they just didn’t have the cash in hand to do this. Once instructed, after carry out some investigations we found out the debtor company which was turning over in excess of £100 Million per year, already had a Winding Up Petition lodged against it from another creditor, which they were paying. We served a statutory demand, we then got into some negotiations with the company around payment of the debt, informing them that we were already aware of the other creditors Winding Up Petition, an instalment plan was agreed and we are pleased to report that we recovered our clients debt in full including all the costs and interest a few weeks ago. The whole collection only cost our clients in the region of £2500, which equates to below 1% of the total amount recovered. We were able to recoup most of our costs from the debtor company. Our client is over the moon with this result, and due to our involvement has been able to relive their cashflow issues.
Find out more about how Debt Collect UK could help you: www.debtcollectuk.com
Blue Rock Insurance Brokers
Blue Rock doesn't just want to go down the same path as other insurance brokers. They aim to provide customers with cover like no other.
Blue Rock's review process focuses on risk to determine the exact protection you need, ensuring that you are fully covered no matter what lies ahead.
Testimonial from fellow BCA member: Halo Communications
Tell us a little bit about what your business does?
Halo Communications Ltd is an ICT business based in Kilmarnock delivering and supporting solutions for 16 years, we offer Telecoms Systems Hosted and On-premises, voice and data connectivity and Cabling, both Data and Fibre as well as IT Support.
What is your relationship with Blue Rock?
Blue Rock provide our Company Insurance and support us on complex tender requirements.
How did Blue Rock help?
Blue Rock took Halo through their Insurance review process in an extremely diligent and professional way to ensure that we were properly covered. Moreover they tapped into Halo’s unique requirement supporting us on tenders and complex installations to ensure our Insurance cover was tailored to our needs so that we can win and grow our business with confidence knowing that we are covered.
Were you satisfied with the result?
Highly satisfied and delighted with the result and the tangible value for money delivered to Halo.
Any other comments?
Always there for you with an honest and quick response which is vital in today’s fast paced and complex business environment.
Explore insurance in a new direction, call Blue Rock on 01292 269505 or visit their website at www.bluerockinsurance.co.uk
Get Out of Jail Free Event
Get Out of Jail Free Event
WE LOVE LOCAL BUSINESS!!!
Come and join us at our first ever BCA on tour event! No requirement for membership - just book a ticket and get along on the day to meet like minded, enthusiastic businesses and join us in the awesome patter.
BCA on tour offers Informal networking which showcases local business and local community causes. We have organised a series of completely free and completely awesome events at various different interesting venues across Ayrshire. Our bags are packed and we want you to join us!
Our first event takes us to HM Prison, Kilmarnock where we will learn about how the prison are offering skilled resources to rehabilitate inmates and add value to local businesses.
We will be joining some of the Prison's existing business customers and taking a tour of the workshop facilities .
Kilmarnock Prison's own team will kindly providing catering and there will be plenty of tasty breakfast treats, tea and coffee.
This proves to be a busy event and the tickets will be snapped up fast. GET ON IT and We'll see you there.
IM Training
IM Training
BCA had a great meeting this morning at Unity Grill in Ayr, the Unity Grill is a Social Restaurant in the heart of Ayrshire where 100% of profits are used to challenge food poverty, 'Eat Well. Do Good.’
IM training spoke to the group and tasked everyone with Health and Safety scenarios which business owners face everyday in various different situations. The talk highlighted gaps we all have in Health and Safety in our workplace and in our procedures. IM training, headed up by Iain Mackay, delivers training throughout Scotland ensuring Businesses and their Employees are Safe, Happy and Healthy at work.
For more information vist: www.imtraininguk.com
Debt Collect Presentation
10 simple steps to not be hit by fraud
1.Always treat newly-formed firms and new accounts with suspicion, beware of a new client trying to place a large order for their first or second order.
2.There are certain styles of business names long firm fraudsters seem to favour. Beware of the words, Euro, International, Worldwide, Wholesale, Trading and Distribution, please air particular caution to these types of businesses.
3.If the trader has been a long-established company, beware of rapid change in Directorship, Company Secretary etc. These indicate the company has changed ownership, and may have been hijacked by fraudsters to obtain credit.
4.Use a recognised credit reference agency to check the company or individual out in detail. If the company has submitted accounts to Companies House, check the dates match and the firm of accountants who submitted the accounts actually exist.
5.Check with the landlord of the premises and neighbouring businesses to confirm the length of occupancy.
6.Ensure receipt of original paperwork - never accept copies or faxed documents. Do not accept hand-written faxed orders for goods.
7.Ask for Trade References, don't just call the number supplied and ask them to supply you with information. Goggle map the business to check it actually exists and again ask neighbouring businesses how long they have been there for.
8.When following up a Trade Reference ask unusual questions like, Have you worked with this Company at any different addresses? Have they changed their names? How well do you know them? (If the person at the end of the phone is hesitant they are usually working from a script, which wont include questions like this)
9.Check the company has a website, and it looks genuine, there should be no spelling mistakes, and should relate to the business they carry out. If the website looks very basic, carry out more checks.
10.Fraudsters very rarely have company email addresses, they are usually linked to Yahoo, AOL, and Hotmail Accounts, if this is the case your suspicions should be aroused straight away.
Fighting Food Poverty At Unity Grill
Fighting Food Poverty At Unity Grill
Massively proud of our members helping fight food poverty in Ayrshire this morning! Giving up their time to help prepare and pack 130 lunches at Unity Grill... UG will distribute these throughout Ayrshire today to children who may not otherwise have anything to eat this bank holiday. Well done guys!
Tower Building Project
Tower Building Project
Early morning Team Building project at The Fox & Willow in Ayr assigned to BCA members by McColm Civil & Structural Engineers! Great bonding, sharing ideas, designs and final results by all involved. Happily Neil and his team at McColm's have no worries about new competition or any new engineers discovered this morning !!
Behind the Scenes at Kestrel Press
Behind the Scene at Kestrel Press
Great ‘Behind The Scenes‘ morning at Kestrel Press, seeing how print is done properly! BCA member Graeme Ferguson and Kestrel Company Director showed the members all the printing facilities they have at the Kestrel Press Hq in Irvine. The business has been operating for over 40 years and we met all the experienced staff who know everything about print. Getting to see the presses and printers in operation was well received by the members who now have 1st hand knowledge about Kestrel completing print projects on daily basis for local, national and international clients