Five Reasons to Outsource Your Debt Recovery To Commercial Debt Recovery Agency in London?

 Are your debtors making excuses to avoid payment?

It can have a negative impact on your business’s cash flow, especially when the rotation of the money is slow.

Here are 5 reasons why you should contact a commercial debt recovery agency in London:

1) Cost-Effective

The thought of hiring a lawyer and the costs involved can be quite daunting, but this is far from the truth. We offer our corporate clients a Solicitor Demand Letter (SDL) for just £5 + VAT to our commercial clients. This letter threatens further legal action if payment is not made within 7 days. Even if this letter does not have the desired effect, and we have to go as far as repossession, we offer a very cost-effective structure so that you know from the start how much you are likely to pay.

2) You Can Recover Your Costs

Not only is the debt collection process is cost-effective, but costs are also recoverable along with interest on undisputed debts, whether statutory or contractual. For commercial debts, you are also entitled to late payment compensation; the charges of the commercial debt recovery agency can vary per invoice depending on the amount outstanding.

commercial debt recovery agency


3) You Save Time

You may feel like you are spending too much time chasing debtors for payment when time would be better spent on other aspects of your business.

4) You Have Access To Expert Advice

Our collection agency for small businesses has the experience and knowledge to help you recover unpaid invoices. Our friendly debt collection team is always available to offer advice and assistance, from legal procedures to specifics such as enforcement methods. Regardless of the amount of debt, we can probably help you, but we believe that personal bankruptcy is more appropriate.

5) You Often Have An Increased Chance Of Recovery

In many cases, you will have a higher chance of recovery. There is no doubt that the necessary credit control procedures are in place to pursue your debtors. However, debtors may take the matter more seriously if they have consulted an attorney. We cannot guarantee that debtors will make payments when they receive our SDL, but in many cases, it is enough to at least provoke a reaction and motivate debtors to prioritize paying their debts.

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