Middleton Taylor has been created out of a desire to provide key services that avoid costly legal fees, as robust credit and debt management systems do not require excessive costs. We see a gap in the market for providing far more cost effective credit and debt management services which law firms have traditionally provided and therefore have been cost ineffective to most businesses. In the dynamic world of business, managing finances effectively is crucial for sustainable growth and success. Two key aspects of financial management that often get overlooked are credit and debt management. At Middleton Taylor, we specialise in helping businesses navigate these complex areas, ensuring they maintain a healthy financial footing and prevent problems in the future.

The management team has a wealth of professional contracts and commercial experience in the region including expert witness capabilities in complex legal disputes.

Our expertise and professionalism is substantiated by our partner’s membership and accreditation through international organisations such as the RICS and the Chartered Institute of Arbitrators.

What is Credit Management?

Credit management involves overseeing and controlling the credit extended to customers and clients of a business. It encompasses a range of activities designed to ensure that credit is granted wisely, payments are collected on time, and the risk of bad debt is minimised. Essentially, good credit management prevents problems occurring in the future and is a policy every company should understand and implement.

Key components of credit management include:

Credit Assessment: Evaluating the creditworthiness of potential customers to determine the risk of extending credit.

Credit Policies: Establishing clear guidelines for granting credit, including credit limits, payment terms, and methods for protecting your business’s interests.

Credit Monitoring: Regularly reviewing customer accounts to track payment behaviours and detect early signs of financial trouble.

Debt Collection: Implementing efficient strategies for collecting overdue payments and managing debt owed to your business.

What is Debt Management?

Debt management focuses on handling the debts owed by a business. Despite careful implementation of credit management systems, getting paid could always be an issue. Debt management involves strategies to reduce, eliminate, or better manage debt. This ensures that the business can meet its financial obligations and maintain operational stability.

Key components of debt management include:

Debt Minimisation: Identifying key aspects of your business that lead to inefficient cash flow or poor spending power. Careful monitoring on a day-to-day basis of all business debt.

Robust Systems: These are vital to properly manage debt and are straightforward to implement and limit risk.

Debt Prevention: Helping your business gain a realistic understanding of how to control debt and chase payment effectively using a standard but incremental correspondence and telephone strategy.

Debt Enforcement: Drafting robust contractual terms that allow your business to legally enforce any debt owed. There are legal jurisdictions to avoid in the GCC region and we have the expertise to properly advise on this matter and avoid costly engagement of legal firms where fees can escalate dramatically unless carefully controlled.