The Office of National Statistics has reported that the UK economy has improved to 1.1% in the second quarter, which is much better than the predicted growth of 0.6%. The growth areas were services and construction, but transport was down, presumably from the repercussions of the Icelandic volcanic ash clouds that prevented flying for so long. So if the large enterprise in question is a member of the services or construction area then they should see their income increasing and now be in a position to release payment to pay the account to the small enterprise. The small enterprise may well make contact with the large enterprise to get to know about the account and would hope that they get an acceptable response. If the large enterprise still withholds completion then the small enterprise may feel justified in starting Debt Collection procedures, but their financial position may well influence the Debt Collection .

If the small enterprise has growing profits because of the economic growth then they may well simply pass the Debt Collection work onto a accepted Debt Collection service provider such as lawyers or Debt Collection Agencies. While this may seem an easy way out, the small enterprise may not be aware that the poor economic climate has seen a growth in the numbers of Debt Collection Agencies and lawyers that are offering business Debt Collection services. It would not be unusual to find that some of these newer Debt Collection Agencies or lawyers are not as reputable as existing ones, but it may be hard| for the small enterprise to differentiate between good and bad lawyers and Debt Collection Agencies. The costs for lawyers and Debt Collection Agencies are around 10% to 20% or more of the account value, so even if their financial position are OK, the small enterprise may not wish to sacrifice up to 20% of the account value.

The alternative Debt Collection direction is to use Debt Collection Software which will allow the small enterprise to take on the Debt Collection project in-house, and around the ?40 mark buys a decent Debt Collection Software suite. In reality the small enterprise won’t have a team of skilled personnel like Debt Collection Agencies and lawyers have, so they will have to be aware of what resources they have of personnel and time. When evaluating Debt Collection Software systems, the documentation set should be examined especially since it will provide information on training, so that the personnel in the small enterprise can learn about the Debt Collection procedure and how to use the Debt Collection Software at the same time. There will need to be personnel nominated to compose Debt Collection letters since these are at the centre of the Debt Collection procedure and the personnel chosen should have a good understanding of English so that there won’t be any mistakes in Debt Collection letters that are sent out. The documentation set should provide specific guidance on how to compose these Debt Collection letters and include any suitable Acts of Parliament as well as any clever phrases that Debt Collection Agencies use.

Provide the personnel in the small enterprise pick up the Debt Collection procedure quickly and can compose good quality Debt Collection letters, they must have a good chance of using the Debt Collection Software to encourage the large enterprise to pay the account. They will have achieved this at a lower price than lawyers or Debt Collection Agencies would charge and they also can use the Debt Collection Software for any future Debt Collection projects that appear at little or no extra cost, rather than having to pay the fees for lawyers and Debt Collection Agencies each time.