Avoiding the write-off trap – a new approach to dealing with late payments and ‘bad’ debts

By Chris Clay, Managing PartnerResearch undertaken by Xero last year found that SMEs had £131 billion tied up in late payments and bad debts. This is an eye watering amount – and that was before the economic impact of COVID-19.  But are these so-called bad debts...

What is Alternative Dispute Resolution and how can it benefit my business?

As part of our newly launched ‘Escalate Guide to…’ series, we’re exploring the legal terminology around dispute resolution, with the aim of making the law easier to understand. This week, we’re looking at Alternative Dispute Resolution in more detail. Alternative...

Don’t write off a bad debt – recover it: why we launched Capitalise Recovery

It’s coming up to four months since our bad debt recovery service Capitalise Recovery was launched, in partnership with our partner firm Capitalise. Capitalise provides a convenient way for businesses to access lenders, and their funding platform has helped businesses...

How Escalate resolved three financially ruinous commercial disputes for clients

Escalate Co-founder Nick Harvey recently took part in a webinar around business resilience with partner firm PKF Littlejohn, which covered the subjects of resolving commercial disputes, recovering bad debts, and the responsibilities of company directors. Using some...

Covid insolvency changes – help or hinderance?

The UK government has announced changes to insolvency law with the Corporate Insolvency and Governance Act 2020, which is designed to protect businesses affected by Covid-19. Whilst embracing the essence of fairness, the legislation also creates a platform for...

Dealing with bumps in the road – pursuing a commercial dispute

All businesses will at some point experience issues with suppliers, bad debts or stand-offs with other important stakeholders, and this is likely to be exacerbated by the impact of Coronavirus. Once the dust settles, these inevitable ‘bumps in the road’ could turn...