Remove Collections Remove Creditors Remove Debt Financing
article thumbnail

3 Tips for Hiring a Debt Collection Agency

National Service Bureau

In reality, debt collection agencies are the most useful means to get someone who has a legitimate contractual obligation to make good on their promise so that the honest businessman (perhaps yourself or your company) on the other side of the trade doesn’t get left holding the bag. Research the Company. Do they have insurance?

article thumbnail

What is a Debt Ratio and why it’s a Key Financial Metric

Debt RR

A high debt ratio indicates that a business used a lot of debt to fund operations while a low debt ratio highlights that more assets were purchased with equity than debt. Debt Ratio Formula. Difference Between the Debt-to-Equity Ratio? Practical Tips for Managing and Balancing Commercial Debt Ratios.

article thumbnail

Gin Company seen on Dragons Den, collapses with Business debts

UK debt collections

In its statement of affairs, also registered on Companies House on 19 December 2024, it was shown that the companys estimated total owed to creditors was 195,924,28. Among the 12 creditors owed are 64,886 to Natwest from a bounce back loan, Greencroft Bottling for 40,657, Union Distillers 24.183 and Berlin Packaging for 21,401.

Retail 63