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Don't write off debts, recover them

Capitalise Jul 14, 2020

Olly explains the reason why the Capitalise Recovery product was recently launched and describes how the majority of disputed debts in SME businesses are dealt with. He explains how this product can now provide a no-risk debt recovery solution, escalated all the way to the High Court if necessary, for yourselves and your clients so these debts are not simply written off. You can include debts up to three years old. It is, thefore, an ideal solution for any businesses to consider, but especially those who are cash-strapped.

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Taking action

Businesses need to plan for survival. Prepare a cashflow forecast and ensure they know how they will survive this period to thrive again. We are asking accountancy firms to join our campaign and commit to have a dialogue with every single client to:

  • Check in. Are they coping okay? what are their main worries?
  • Prompt a forecast. Encourage them to prepare a cashflow forecast for the next 12 months & assist with that, if necessary
  • Assess further support & funding needs. Do they need further support to raise finance, manage working capital or consider another strategic direction for their business?
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