Jack Russell, one of the UK’s most prominent debt recovery agencies, today announced the launch of its express debt recovery service. The express debt recovery service includes the personal service of a statutory demand, which is the first step in winding up a company. With costs from just £200 and a success rate of 93%, the Jack Russell express debt recovery service gives business in the UK access to a low risk method of recovering business debts faster.
The Jack Russell express debt recovery service is most relevant when very speedy debt collection is either required or advisable, because of other impending 3rd party action being served on the vendor or prior to events such as a business entering administration. In these cases, the Jack Russell debt recovery process by-passes the normal debt collection process and produces a visit to debtors within 24 hours from the point of instruction.
A spokesperson for Jack Russell Debt Collection commented: “There are times when it is crucial to instigate court proceedings rapidly – for example, when a debtor’s house is already on the market, meaning we need to issue a charging order. In such time-sensitive cases we can initiate court action the same day via our express debt recovery service.” With over 30 years in the industry, there is not a scenario that Jack Russell has not seen. UK businesses now have the opportunity to benefit from the years of practical experience accumulated by Jack Russell to recover business debts faster when required.
Kerry Bland, Managing Director, of Jack Russell Debt Collection commented on the set up of the advisory services, “these services will help businesses greatly improve their chances of recovering business debts faster”.
With many case studies to attest, Jack Russell has helped countless businesses inject their cash flow with the cash from unpaid invoices they thought they would never recover. With only the slightest glimpse of a recovery on the horizon, many businesses appreciate the fact that should they have problems recovering business debts that solutions exist that can help them relatively easily.
How Jack Russell can benefit its clients?
The proportion of the debt paid will be greater and it costs customers less. Below some of the benefits of using Jack Russell for the debt recovery process.
– Experienced hands they have over 20 years experience in debt recovery
– Team spread over a UK-wide network of debt collection offices
– High success rate with over 80% of debts pursued recovered
– Jack Russell are so confident of their ability they work on a ‘no collection no fee’ basis. This does not apply to personal or disputed debts.
– Unlike many other debt recovery companies they do not charge a signing-on fee for undisputed debts,
– Provide Full service debt recovery solutions; from credit control through to legal action,
– Partnership with expert solicitors, insolvency practitioners and translators.
– Lower administrative fees, meaning recovered fees are not eaten up by high agency fees.
– Professional consultancy on improving credit management functions
Professional, ethical and successful debt collection
Jack Russell are members of leading trade associations and various chambers of commerce including the prestigious London Chamber of Commerce, and Institute of Directors .The debt recovery methods are strictly professional and always ethical, and comply with the highest trade policies in the UK such as the Association of Credit professionals.
Jack Russell Debt Collection provide advisory services to help business avoid credit management problems
With the downturn in the economy and more and more businesses failing to survive or suffering from bad debt it is imperative to ensure that vital cash flows into a business. Following informal consultations with customers from the company’s vast contact base across prestigious organizations such as the Institute of Directors, London and Manchester Chambers of Commerce, Jack Russell decided to help by setting up advisory, seminar and training services to help its contacts better control their cash flow. Debt advisory is centred around improving credit management procedures, adequately profiling customer payment risks, and ensuring that fit and proper procedures and training are developed through an organizations key account handling personnel.
The advisory services will be broad enough so that beginners and advanced credit management and finance departments can benefit. With over 30 years in the industry, there is not a scenario that Jack Russell have not seen. UK businesses now have the opportunity to benefit from the years of practical experience accumulated by Jack Russell to prevent credit risk issues from occurring and efficiently recovering debts when they do.
Kerry Bland, Managing Director, of Jack Russell Debt Collection commented on the set up of the advisory services, “but thrive as the injection in cash flow can be better allocated towards investment and growth”.
What their clients say
“Jack Russell were extremely professional from the outset. We had tried every means to obtain outstanding monies from some clients; I never expected any other company could achieve this. They were quick, effective and very efficient. I would highly recommend them.” Sandra Adams, Blaze Fire Protection
For more information on our express debt recovery service visit www.debtcollect.co.uk.
About Jack Russell Debt Collection & Legal Process Servers
Jack Russell are one of the UK’s most prominent debt recovery services with a network of UK offices serving over 8000 businesses to help them recover their difficult debts. Jack Russell pioneered the “No Collection. No Fee “model for collecting business debts.
Jack Russell work across all sectors in the UK. Some of the business types that have recently benefitted from their services include; recruitment consultancies, day nurseries, IT companies, printing firms, corporate entertainment and accountants and their clients.
For further information contact:
Jack Russell Debt Collection & Legal Process Servers Ltd
43 Bedford Street
Tel: +44 (0)800 068 5151
Email: [email protected]
Research exposes the £68.8 billion opportunity for UK retailers
- Modelling shows increasing the proportion of online sales by 5 percentage points would have significantly boosted retailers’ revenues during the first lockdown
- 72% of Brits want retailers who started an online service during the pandemic to continue operating it full time
New data released today by global payments platform Adyen, outlines the economic gains that could be accessed by getting more UK retailers online.
Economic modelling conducted by Cebr for Adyen indicates that if the retail sector increased the proportion of turnover stemming from online channels by 5 percentage points, £68.8 billion would have been added to the economy during the first lockdown.
While retail turnover stemming from online sales has grown significantly during 2020 – from 19% to 28%, there is still considerable room for growth.
Myles Dawson, UK Managing Director of Adyen comments: “The UK retail sector is facing an incredibly tough quarter, so creating the link between physical stores and online channels is more important than ever. With the festive period approaching and many shoppers unable, or uncomfortable leaving their homes, establishing and maintaining a positive online experience is a billion-pound opportunity for retailers.”
The research of 2,000 UK consumers found that 31% are less likely to shop in physical stores now because of positive experiences shopping online during the pandemic. Furthermore, 72% of these consumers want retailers who started an online service during the pandemic to continue operating it in the long term.
However, making the process of shopping online as frictionless as possible will be key to unlocking the opportunity presented by online channels. 70% of Brits say that when shopping online, the ease of use is as important as the quality of the product, and 72% won’t shop with a retailer whose website or app is difficult to navigate.
Myles Dawson concludes: “Many retailers did amazing things during the pandemic in terms of adapting and creating new experiences – it’s a testimony to their agility that 57% of Brits said their expectations of the retail sector has improved during the pandemic. The challenge now is to consistently meet these expectations going forward. With local lockdowns in place, online channels will be key to serving many consumers in the short term. However, retailers need to see the shift to unified commerce as a long-term trend. The sooner they can demonstrate agility and jump on board, the longer they’ll reap the rewards.”
2 Research conducted by Opinium Research LLP
Want to serve your customers better? An effective online strategy is what financial institutions need
By Anna Willems, Marketing Director, Mention
A strong online presence matters.
Having a strong online presence, that involves social media is now a crucial part of all business strategies. Whether they are retail brands, sports teams, libraries or even restaurants, most companies are investing more and more in developing their digital brand image and online presence – financial institutions are no exception.
When it comes to market trends and innovation, financial institutions are first on the line. After all, we — people and companies — trust them to manage our money to the best of their abilities. And even more so than any other market, we demand secure, trustworthy, fast and user-friendly services.
Reaching such high expectations is not a given. To this point, banks and other financial institutions have no other choice but to have a perfect understanding of their market, their audience, and their needs. What they need to get there is a fail-proof online strategy.
Gaining a deep understanding of your market
One of the best things about using social media to learn about your audience is that people give unsolicited opinions. They speak their mind and share their thoughts candidly.
This is the key to help any business to learn about themselves. They get to analyze their audience’s challenges and aspirations without having to ask them directly or serve them time-consuming surveys and polls.
UK-based Asto, a company that is part of the Santander Group, is committed to helping small businesses have access to financial and non-financial tools. Asto was looking for something that could help them discover what their target audience was talking about and find opportunities to add to the conversation. Mention enabled Asto to keep on top of reviews and customer comments, which has helped us provide a better service for our customers.
Which platform suits your offering the best?
There’s no point choosing to create campaigns on TikTok if your customers don’t use it – you need to think about who they are and work back from there.
You do this by automating the process using a social listening tool. A social listening tool will help you to view your market as a whole and identify where the key conversations are happening — and, therefore, where you should be. What’s more, you will never miss any relevant mention of your institutions, products, services, or competitors.
Handling a crisis
Financial institutions need to watch carefully for negative press – social media is the first place people will go to if they feel they’re not getting the service they need. In theory, rogue employees or unhappy clients can post anything they like online to try and hurt your brand. And if their messages gain traction, you’ve gone from one person saying bad things, to thousands.
That’s why listening needs to be part of any crisis management plan. Now, sometimes, there are crises you cannot prevent. And those usually hit pretty hard.
Power of influencers
For an influencer marketing campaign to work for your financial institution, partnering with nano content creators may well be the best way to go. They’re ability to play a part in how they shape your brand story can make a huge difference when it comes to engagement and reason to believe in your service.
Many financial institutions are already leveraging influencer marketing. It’s an efficient strategy to: Build trust and gain credibility, reach out to new audiences and share engaging stories.
The online review conundrum
94% of consumers check online reviews before they decide to buy something or subscribe to a service. They need what we call social proof. It says that the more people say they use your service, the more it will look like a good service. In short, you need to show how happy people are using your service. But not all online reviews are positive.
Having said that, we find that financial institutions shouldn’t ignore negative reviews. Instead, embrace them as an opportunity to rebuild trust in your brand. Less delicately put, take the bull by the horns and turn them to your advantage. Always respond to relevant complaints (and as fast as possible). Take responsibility for what happened. Be helpful.
And ignore trolls.
Learn from the competition
Over the last two decades, a marketer’s daily life has greatly evolved. Most importantly, we now can measure everything we do, including the consequences of our actions on our business. Having said that, you can’t evaluate how well you’re doing without comparing against
Truth is that 77% of businesses rely on listening to keep an eye on their competitors. What this means is that 4 in 5 of your direct competitors are likely watching each and every single step you take. And you should do the same.
Setting the trend
From staying up to date with the latest industry trends and innovations, to keeping an eye on the competitors’ newest services, to being the first to know of potential brand crises – tracking relevant online conversations lets marketing and communication professionals working for financial institutions to stay one step ahead in an industry that is leading change and innovation.
Why the Boom is Long Overdue (and Here to Stay)
By Roger James Hamilton, CEO, Genius Group
Virtually every aspect of our lives has been taken over by tech, so why is it that our schools, that are educating the business leaders of tomorrow, are still operating in much the same format as they did 100 years ago?
The global pandemic put digital learning in the spotlight and an Edtech boom has ensued, with companies like Coursera, Quizlet and Udemy seeing unicorn style growth. And the market is not slowing down. The education technology (Edtech) boom will continue.
Resilience and Growth
Unicorns are defined by rapid growth. Traditionally, these companies are not overly concerned with early profitability, long-term sustainability or value creation as much as with putting their competitors out of business.
But something different is going on in the Edtech market. The unicorn has lost its appeal. When learning platform Quizlet achieved unicorn status this year, CEO Matthew Glotzbach was keen to play down the moniker reserved for start-ups valued at $1 billion or more, preferring to liken his company to a camel.
Unlike unicorns, camels are real, hardworking beasts. Respected for their adaptability to various climates, resilience, and abilities to survive for long periods without sustenance. These are all traits much better suited to weather the economic storms created by the pandemic.
Despite their considerable abilities to adapt to challenging conditions, the climate is looking particularly sunny for camels within the Edtech market. In fact, all creatures great and small have the potential to capitalise on unprecedented growth in this sector.
The nature of education makes it a traditionally slow-moving area, which renders it unattractive to some investors. Yet, the coronavirus outbreak and subsequent surge in remote learning this year triggered a flurry of uptake in e-learning platforms.
We’ve seen the adoption rate for new technologies be accelerated by events like this before. For example, the SARS crisis of 2003 contributed to the boom in China’s ecommerce industry, as quarantines lead consumers to shop online. Of course, this market trend did not slow down once quarantine restrictions were lifted. Ever since, global online sales have risen exponentially. The same is set to happen in the Edtech market.
Providing a Solution
As with ecommerce in 2003, the demand for Edtech in 2020 was already there. It has been there for years. For the past decade at least, there has been a notable need in recruitment for qualified talent in data science, coding and digital. Edtech can bridge the skills gap, not only within formal education but also for adult learners upskilling and reskilling for today’s digital world.
Similarly, the financial crash of 2008 had the effect of fast-tracking the rise of the gig economy, requiring millions more to learn entrepreneurial skills. The idea of a job for life is now a distant memory. The Edtech sector can deliver the tools to equip students of all ages with the skills necessary for creating their own opportunities, as well as exchanging knowledge and collaborating in a digital economy.
Rising unemployment, as well as competition for jobs and government furlough schemes has seen interest in digital learning courses for adults also soar during the past few months. Figures show that the corporate e-learning market is set to increase by as much as $3.09 billion between 2020 and 2024.
The Edtech boom kickstarted by the pandemic is just the beginning in a paradigm shift in how we view education and work.
Over the next 10 years, with the rise of artificial intelligence, automated technology, and augmented reality, traditional, manual and customer service based roles will diminish and there will be less need for a large workforce when computers and machines can do the role equally well.
The need for a truly 21st century education system that reflects the needs of the job market is long overdue. Edtech companies are offering solutions to many of these issues that have troubled the economy for the past decade or more.
A Different Animal
Enter the zebra (back to our animal analogies). These types of Edtech businesses will be the ones to watch within the sector. With zebra companies, there’s a sense of community and collaboration, rather than competition. They understand that there’s room for more than one superstar in a market. Zebras are herd animals after all. The zebra believes that competition is healthy for everyone involved—something to watch and use for motivation and growth. It closely observes consumer trends and continually strives to solve new and developing problems for those consumers.
For zebra companies, profit margin is vital because it is necessary for steady growth and sustainability. Revenues hover between $5M and $50M, it serves customers within a specific niche, requires annual growth capital of $100K to $1M, and generally has more than four streams of revenue.
Zebras are both black with white stripes and white with black stripes – they have a fluidity in their approach and are camouflaged at the same time. This creates a double bottom line: Zebras want to conduct real business, by solving a pressing problem in a sustainable way, whilst reacting to contemporary challenges. This too could be said of the Edtech industry as a whole.
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