This has been the hardest year for the hospitality industry in living memory. Countless businesses related to the hospitality trade have been forced out of business, others are struggling to pay their debts. While most businesses are run by honest people who want to find a solution, some have been taking the opportunity to default on their debts, passing the problem on to their suppliers.
Right across the hospitality industry, businesses have been hit hard. It’s not only the temporary lockdown that has caused problems. Social distancing regulations mean that even when places like hotels, restaurants and cafes are allowed to re-open, there may be restrictions placed on numbers. Cash flows are unlikely to return to their pre-crisis levels any time soon. As a result, the number of bad debts owed by these businesses is likely to rise.
Dealing with unreliable new customers
If this sounds like something that you are facing, we can help. Nightfox offer face to face debt collection services that can help you deal with the issue. We understand that during the current situation, some of your customers may simply be struggling to establish new ways of working. Our face to face services can be a perfect prompt for them to understand the importance of managing their finances and paying their debts promptly. All of our visits are recorded using sophisticated body cam technology, providing you with total peace of mind as well as generating useful evidence should you need to pursue any claims further.