Nexus Collections Pty Ltd

18/10/2023

One of the most commons issues we see when we're asked to collect debts, is that our clients often have not established the correct name of the legal entity that they are providing their services to. This presents a number of issues when the time comes to take aciton to collect the debt. This is particularly true when you are dealing with a trust, so have a read of our blog post here about how to engage with a trust https://www.nexuscollect.com.au/doing-business-with-a-trust-entity/

18/10/2023

It's been quite some time since we posted, but we're keen to keep in touch with our clients, and we will be posting regular tips and topics of interest as we approach the Christmas season.

01/12/2021

INSOLVENCY: With the Christmas cash flow crunch ramping up, our latest blog article gives you the heads-up on which business sectors are at risk of insolvency.

The Christmas period and the early months of 2022 could be make or break for some of these businesses, so don't get caught short - read our full report here: https://buff.ly/3d7G9eo

22/09/2020

A sobering quote from RBA Governor Philip Lowe at the House of Representatives Standing Committee on Economics:

“we’ll have to confront the reality that there are firms in Australia that are no longer viable because of the pandemic and they will need to be wound up…so there will be insolvencies. There will be bankruptcies. There will be some businesses that will not recover. That’s the harsh reality of an economic downturn that’s the worst in 100 years”.

Don't fall victim to "zombie" businesses who owe you money right now. Now is the time to act, make sure you are at the front of the line insisting on payment when it's due., and when it's overdue, don't delay taking action.

As always we're here to chat if you need some help, call us today on 07 3287 2433 or drop an email to [email protected]

24/06/2020

BE ALERT – BE READY: The federal government's statutory demand and insolvency safe harbour measures end on 24 September, it’s time now to ensure that you’re ready.
Find out more in our latest blog article at https://buff.ly/2ARaazF

19/06/2020

CLIENT SPEAK: There are few things as rewarding as a receiving a message like this from one of our clients.

Aside from our regular Debt Recovery services, we offer an undisclosed debtor management solution for businesses who don’t have the time or expertise to properly manage their own debtors. Why not talk to us about managing your receivables for you - it’s a time-proven and cost-effective solution that our clients love.

We can't divulge the accountant because their clients are not aware that the firm’s debtor management process is outsourced - that’s the beauty of our undisclosed debtor management service.

16/06/2020

TICK-TOCK: End of financial year is only a couple of weeks away – it’s time to make sure your business is cash flow positive to start the new FY.

Take some time to check your outstanding customer invoices and if any of them have reached the 60 days mark, it might be time get external professional help.

Getting started is simple – just go to the Nexus Collections online registration and debt lodgement form, fill in a few details and we’ll take it from there.

Your cash flow recovery starts here: https://buff.ly/37fJkgl

10/06/2020

CASH FLOW IS KEY: As Queensland (and Australia) begins to re-open for business, now is the time to review your loss prevention strategies, don’t get caught off-guard by bad debts.

Chatting with our clients there is a consensus that for the most part, whist the last 3 months have challenging, the first 6 months of FY 2020-21 are going to really test us.

Now is not the time to recoil or take a defensive approach to your debtors - get on the front foot - you’ve done the work and you deserve to be paid. We're here to help make sure you don't come unstuck with bad debts in the challenging times ahead.

Give us a call today on 07 3287 2433, send an email or message us.

05/06/2020

https://www.vision6.com.au/em/message/email/view?a=28385&id=1172444&k=3sShoF-JXL83-MZX8Zvn0qCbi6EgpGstTiONdkzEiQ8

At Nexus Collections ► We approach every project with professionalism and discretion to keep supplier and customer relationships intact.

26/03/2020

Temporary changes to creditor's statutory demands laws will make it very difficult for business to collect money owed to them by companies.

Under the current laws, a creditor may serve a statutory demand on a debtor company if that company owes a liquidated debt of at least $2,000 that is immediately due and payable. If the debtor company does not pay the outstanding debt within 21 days, it will be deemed to be insolvent and the creditor can make an application to wind up the company.

The second stimulus package involves the following temporary changes to the laws related to creditor's statutory demands:

A creditor can only issue a statutory demand if the debt is at least $20,000 (rather than $2,000); and the debtor company will have 6 months from the date of service to respond to the statutory demand (rather than 21 days)

The changes will be effective for 6 months.

It's important that businesses work hard to negotiate appropriate repayment plans with their debtors in light of the current crisis. We are still actively pursuing debts for our clients, but the lay of the land has changed.

Creditors can still file a claim and statement of claim (sue) a debtor and QCAT is still an option for smaller debts. If you are struggling to get paid, drop us a line, we're here to help in any way we can.

24/02/2020

Why are our reviews turned off ? Well it's like this, we don't always make friends in our industry. The number of extraordinarily happy client reviews were being tainted by the reviews left by people who have been on the wrong end of our great service. We do our utmost to maintain the relationship between our clients and their customers, but sadly we can't win them all.

24/02/2020

Our commission rates are among the most competitive in the country. Compare them for yourself against our competitors.

We've been around since 1994, and we back ourselves to win a lot more than we lose, our rates are great, and our results are even better.