Success story
I have a builder in Southland who has worked for a number of years in his own business. During this time he has banged his head against the wall trying to manage his cash flow and wondering where the next job is going to be. ECCC debt collected him and this is how I got […]
It may not have happened to you – yet! Perhaps it never will! But if and when it does – it hurts!!
I am talking about your customer being unable to pay their bills and the inevitable liquidation that will follow. Every year in New Zealand close to 3,000 companies are liquidated owing millions of dollars in unpaid bills. The sad reality is that the majority of people owed money, never see a cent. They belong to […]
Voidable Transactions
Voidable transactions are one of the most controversial areas of insolvency. A voidable transaction (or an insolvent transaction under the current terminology), is one where the liquidator can compel a creditor who has received a payment to pay it back to the company. Needless to say, the affected creditor is usually not impressed and a […]
Terms of Trade and Personal Properties Security Register
Interesting isn’t it that we question why we should have terms of trade for our business. If I had a dollar for every business that tells me they have been doing business for many years and don’t want to rock the boat I’d be retired and sitting on an island sipping cocktails! Having said that […]
Happy New Financial Year From The Team At E C Credit Control
Well, 2015-2016 was a great year with lots of highs and lows but we all made it and hopefully we can look back and say to oiurselves “what did we learn in 2015-2016, and what are we going to do better in 2016-2017?” We have seen large and small companies go into liquidation along with […]
Personal Properties Security Act – PPSA
Talk is cheap, we sit, we talk and we agree the Personal Property Security Register (PPSR) is where you all should have your clients but then it ends with it will never happen to me. Well guess what, there are a massive number of companies that have outstanding invoices with Stonewood Homes Canterbury that are […]
What do you know about Personal Property Securities Act (PPSA)?
Does this legislation affect your business? The personal Property Securities Act or PPSA is now law and has made wholesale changes to the way we do business. Most businesses are not aware that these changes affect the idea of title of goods and the providing of credit facilities. You could be at risk. Do you….. […]
Terms of Trade
I am the Area Manager for the Otago/Southland region and at EC Credit Control and we promote heavily the need for SME businesses to have robust Terms of Trade to protect their cash flow and their business activities. What are “terms of trade”? “Terms of trade” are the terms of the contract between a seller […]
Debt recovery
Business is the same no matter what industry you are in there is always those who are slow at paying or simply just don’t want to pay. EC Credit Control could write a book on the excuses we hear as to why the invoice has not been paid. In my role as Area Manager in […]
IS YOUR BUSINESS PROTECTED FROM SLOW OR POOR PAYERS?
By nature, not all future events can be fully prepared for, but you can equip your company with the tools necessary to fend off potential threats by developing specific plans for certain situations. Contact EC Credit Control for a free meeting and read below for a few helpful insights into how to have a strong credit […]