Increase in Personal Property Security Registrations in the Sutherland Shire
March/April has seen a significant rise in the number of registrations on the PPSR throughout the Sutherland Shire. These include several types of registrations. Firstly many of our clients are now enjoying their new found status as Secured Creditors over their own clients. Being a Secured Creditor allows them to be paid first and in […]
Huge surge in debts loaded in the Southern Shire
In the last week EC Credit Control’s Debt Collection Department has loaded over $115,000 worth of debts to be collected in the Sutherland Shire, Sydney, with still more to come! These debts come from a broad spectrum of industries in and around the Sutherland Shire indicating that non-payment of debt is not limited to a […]
Are Businesses Finally Learning How to Protect their Cash Flow with the PPSA?
I had a Creditors Report come across my desk today, which is not that unusual, but what was unusual is the number and types of businesses I saw listed as Secured Creditors, having obviously registered themselves as Credit Providers on the PPSR. (Personal Property Securities Register) Now whilst there were 262 Unsecured Creditors totaling a […]
Increases in debts loaded in the Sutherland Shire in September
There is nothing more pleasing as an Area Manager than my clients using their Terms of Trade correctly to implement a speedy and successful debt collection via EC Credit Control. Having a signed copy of their Terms of Trade in place with the debtor before the debt is incurred is vitally important. Not only do […]
Terms of Trade Implementation Program
We sometimes encounter clients who we have drafted Terms of Trade documentation for only to find some months later that our client has found the prospect of integrating it into their existing business systems a little difficult. So it was with great pleasure I could inform my newest clients based in Loftus, Peakhurst and Cronulla […]
The power of the PPSA.
With the highest bankruptcy figures ever recorded in Australia, all the Area Managers at EC Credit Control are constantly reinforcing the VITAL necessity of registering a security interest in your clients that you extend credit too, as well as stock, materials and equipment on a client’s site or premises. Sadly I received a call from a […]
Breakfast at The Black Olive cafe
It was with great pleasure I was able to present to a breakfast meeting last month for the combined Menai and Southern Shire District Business Chambers at the Black Olive café in Kirrawee. It was great to meet a wide cross section of people from various industries such as construction, retail, and real estate, located […]
PROTECT YOUR BUSINESS CASH FLOW – BE PROACTIVE!
Over the last couple of months I have spoken to several clients in Sutherland, Engadine and Miranda, all of whom had substantial amounts of money outstanding from a mixture of customers both old and new. The reoccurring theme with all of my clients was that if they had some advance warning about the way these customers did […]
What’s worse than not winning the job?
Last month I had the pleasure of calling to visit three different clients located in Bexley, Kingsgrove and Sutherland. All have had their Terms and Conditions of Trade in place now for around a year, and all are now reporting little or no problems in regards to getting paid promptly, which was not the case […]
The Proactive Approach to Protecting Your Cash Flow
A new year brings a new attitude. At EC Credit Control we are often approached by business owners for help in collecting their bad debts. Upon investigation we all too often find that the reason the business owner is having issues with late payments is due to the fact they have little or no protection […]