Debt Recovered, Peace Restored!
We offer a complete range of company debt recovery and collection services across the UK. We can take over any commercial debt you’re struggling to recover. Whether you’ve already approached your debtors yourself, or you want a professional team to deal with the entire debt, we can help.
As part of our debt collection services, we can automatically take over any debts which go unpaid for a certain amount of time. Whether your invoices are being ignored, disputed or the commercial debtor refuses to pay, we can collect it on your behalf. Our commercial debt recovery services are provided at an extremely cost-effective rate. The low fees and commission are backed up by charging legislated for late payment charges and interest to the debtor. Therefore, the costs to the creditor are kept to a minimal level.
- We provide pre-legal collection through a variety of means, sparing all parties involved the need for legal proceedings to take place
- Legal collection – involving mediation, enforcement and the serving of court documents
- Insolvency – we liaise with experienced insolvency practitioners on such matters as bankruptcy and winding-up – although in most cases, we are able to avoid this unwanted last resort
- General advice covering all aspects of debt recovery
Do you provide legal advice?
We work closely with specialised law firms which operate in debt recovery. If your debt is disputed we can ensure you will receive the maximum amount recoverable.
Can we claim any costs back?
There may be some recoverable costs, such as interest and compensation in accordance with the Late Payment of Commercial Debts (Interest) Act 1998. The compensation entitlement varies in accordance with the size of the debt:
Interest is recoverable at ~8% above the Bank of England base rate.
We also appreciate that it is of paramount importance for every business to maintain favourable client relations and therefore we utilise professional debt recovery methods that are aimed at resolving matters swiftly and amicably in order to maintain your good standing with your clients.
Our professional team of debt collectors can take charge of your accounts receivable fully or partly, or we can operate on a one-off project basis. We can discuss and come to an agreement about how you would prefer to outsource your accounts receivable process. It may depend at which stage the account is passed over to us. The sooner the problem is passed on to us, the higher the chance of collection and lower our commission will be. It can really be as simple as that.
What’s your success rate?
Our success depends on each individual case but we enjoy up to 85 per cent success rates.
How long does it take?
Unfortunately there is no hard and fast rule to getting swift resolutions each case is individual. Here are 7 reasons why we stand out compared to regular debt collection agencies.
1. We have real means to pressurise your debtor to pay.
Your caseworker will personally call your debtor and write a customised demand letter.
2. With us, you are not simply another number.
You will be assigned to your own recovery contact, who you will be able to reach whenever convenient for you. With one-on-one communication, you will always stay up to date on the latest developments.
3. We work with you.
Whether you prefer a soft approach to maintain your business relationship or a harsh approach, we adjust our strategy according to your needs.
4. We act fast.
We do everything in our power to prevent your debtor from getting away with non-payment.
5. We can enforce legal action.
In some cases, pressurising your debtor in the pre-legal phase is not enough. Many debtors remain non-responsive till the last moment it is absolutely necessary. That is when we can decide on taking legal action.
6. We can make clear judgments on the nature of your case.
If there is a dispute in your case, we will employ the correct approach. This approach will increase your chances of recovery.
7. As a debt collection firm, we ensure your debtor pays.
We understand that an outstanding claim can be extremely frustrating since you have waited long enough for your payment. That’s why we act fast to ensure the payment of your invoice. Transfer your claim today and we will get to work immediately!