A heads of terms agreement is a document that sets out the main terms of a commercial agreement reached between two parties in a transaction. Heads of terms can also be referred to as Letters of Intent or Memorandum of Understanding. Whilst parties often wish to record the fact that
You have a growing business that demands your attention in all sorts of ways – staffing, HR, marketing, administration, networking, budgeting, the list goes on. In addition, you’re working hard to provide a high-quality service or product for your customers. So, for all of this to happen you require prompt
Credit control is the system your business can implement to ensure credit is only given to customers who can pay you back on time. It’s crucial to get right, if you want to stay on top of your cash flow and reduce bad debts. Good cashflow is crucial for business
As a business owner, it’s crucial to keep your debtor days down to maintain a healthy cash flow. Debtor days refer to the number of days it takes for a customer to pay an invoice. The longer it takes for a customer to pay, the longer it takes for you
Debt collection can be a challenging and time-consuming process, but it is an essential part of maintaining healthy cash flow for any business. In this blog post, we’ll explore these stages in detail, starting with the initial letter to the debtor and concluding with an application for enforcement. Importantance Of
At Jacksons CRS, we are committed to providing personal and professional debt recovery services to our clients. As members of the Chartered Institute of Credit Management with over 90 years of combined experience, we have successfully helped numerous businesses across various industries recover their debts. In light of the current
Credit managers often seek personal guarantees (PGs) from directors to support credit extended to limited companies. These PGs serve as a commitment to pay any money owed, providing reassurance to lenders and suppliers. However, it’s important to understand the limitations of personal guarantees and how much protection they provide. Although
