Direct Debit Blog

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Alarm System Monitoring: Why Direct Debit is the Best Option

Whether you have an established alarm system monitoring business or are at the exciting set-up stage, finance will never be far from your thoughts.

To guarantee initial success and secure later growth, getting and keeping those financials in order is essential.

How you collect payments for these will have a significant effect on several key business goals: cashflow, growth and maintaining your competitive edge.

Here we explore how Direct Debit can help achieve all three of these crucial objectives. A simple, reliable way to collect regular payments from your customers and deliver business-boosting benefits for all.
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Monitored Alarm Systems: Why Everyone Needs Them

The Home Office’s latest Commercial Victimisation Survey reveals that an average of 178 burglaries take place at commercial premises every day.

For those in the security business, these stats reflect an increasing need for protective tech such as monitored alarm systems by the thousands of companies targeted each year.

Recent figures value the total UK electronic security market, including both products and services, at £2.35 billion, an increase of 5% year-on-year.

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Your Security Business Plan: A Template

If you’ve considered starting up a private security business and are now ready to tackle the task of writing a business plan, then our template below is for you.

In the UK, the security industry contributes an estimated £6 billion to the economy and private security workers in the country now outnumber police officers. And it’s not just in the UK that the industry is booming. Globally, the market for private security services is forecast to grow by 6.42% from 2018 to 2022.

To join the ranks of this thriving industry and ensure you not only stand out from the crowd but are also a great success, invest your time in a thoroughly researched, well-written and properly formatted business plan.

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How to Start a Security Company: A Business Guide

The private security industry in the UK had an estimated turnover of £4.1 billion in 2018, with the number one ranked security firm making £784 million in revenue.

Once known solely for nightclub bouncers, the industry has massively diversified and is now occasionally referred to as the UK’s “fourth emergency service”.

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Ryan Gray

in Setting up a Direct Debit

on 15 March 2019

Direct Debit Mandate Template: A Download and Guide

You’ve decided that a Direct Debit scheme is your best solution to collecting recurring payments securely and reliably.

But how does the process work and what do you need to do before seeing cash flow into your business or charity account?

Learn more here about the simple steps to take before you receive your first Direct Debit payment.And download a professional Direct Debit mandate template to start the journey to predictable cash flow, digital integration and content customers.

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Customer Churn: What Is It and What to Do About It

Customer churn, also known as customer attrition, customer turnover or customer defection, refers to the loss of customers, clients, users or subscribers from your business.

Customer attrition is split into two: voluntary and involuntary churn. Voluntary churn describes customers who have ended their relationship with you of their own accord, for example by not renewing a contract, ending a membership, cancelling a subscription, stopping recurring Direct Debit payments, closing an account or even by deciding to shop elsewhere for their weekly groceries.

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Ryan Gray

in Charity Direct Debit

on 28 February 2019

Charity Direct Debit: Taking Donor Payments Safely

Regular, reliable donations are the lifeblood of any charity.

Without them, the fundraising mission would be a never-ending mountain to climb.

With them, your charity gets predictable income to reach the summit with the confidence, certainty and consistency you need to plan, promote and prosper.

How you accept these payments will have a direct impact on the success of your ongoing campaigns.

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Ryan Gray on 18 February 2019

Fundraising Strategy: Building a Campaign from Scratch

republished on

No matter if you’re planning on starting a new charity, have recently launched one or are an existing charity keen to revamp your fundraising strategy, you’ll need a high impact plan to generate funds.

Read on for our fundraising for charities step-by-step guide.

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Ryan Gray

in Business Plan, Charity Direct Debit

on 13 February 2019

Your Charity Business Plan: Start Fundraising Today

For those harbouring dreams of becoming a change-maker, setting up a charity is the ideal route to making a difference.

You’ve identified and researched a pressing problem. You’re confident you can offer a unique solution. Now you need to attract the funds to make it happen.

To do so, you can join the 168,000 existing UK charities aiming to bring about impact and deliver change.

The latest Charity Commission figures show that together, these organisations raised over £77 billion in the year up to September 2018. Of these, just 1.3% raised over £5 million with 38.8% raising between £0-10,000 over the year.

Whatever financial ambitions you have for your charity, modest or magnificent, you’ll need a robust charity business plan to establish firm foundations.

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Starting A Charity: A Simple Guide

According to the latest figures, there are approximately 166,000 charities in the UK, with 132,000 of those in England. In the past ten years, 5,000 new charities have been registered each year, however a similar number merge or close down.

The charity sector is made up of organisations of varying sizes, just like in business. Very large charities, with an annual income of over £1m, account for 8% of the sector. However, more than 80% of charities have an income of less than £100,000 and approximately half of the total number of charities have an income of less than £10,000 a year.

Charities are an important part of the UK’s economy, contributing over £12bn a year, the same amount as the agricultural sector. Charities have a total annual income of nearly £44bn, and employ 827,000 people.

It’s no surprise then, that the charity sector is strictly regulated with specific rules and guidelines that every charity must adhere to. If you’re considering starting a charity, then read on for our simple 10-point guide.

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