Expert Debt Collection for Construction Companies ✔️ 2023
Debt Collection for Construction Companies
Construction companies make up one of the most important working sectors in the UK’s economy. There are many different types and sizes of construction companies. One common occurance is that most will be affected by non-paying clients.
The UK construction industry relies on paying clients to be able to grow and continue. If a construction company’s cash flow is affected, it can put the entire business at risk. The cases of non-payment issues amongst civil engineering firms are rising. As such, there is a clear need for someone to provide debt collection for construction companies.
Are you the owner of a construction company that is having issues with non-paying clients? If so, you must take action as soon as possible. Debt recovery for civil engineering companies is also a problem, one that needs its own specialist solution.
Our team of recovery experts have outlined how our leading professional debt collection service can help to recover unpaid construction fees.
Debt Recovery for Construction companies – Solutions
Construction debt is a growing issue for those in the civil engineering industry. Late payment issues can cause problems for any business, regardless of its sector. If payment for construction contracts or final account payments are not made on time it can cause a lot of issues.
Credit management teams in construction offices spend a great deal of time making sure that clients pay their fees on time. Prompt payment from clients is necessary to ensure profit margins are kept.
Due to the dynamic nature of construction businesses money is constantly required for new developments. Despite the efforts of in-house teams, many clients will simply refuse to pay.
If this happens, a professional debt recovery service is the best way in which you can recover any unpaid fees.
There are many debt recovery solutions available, and the best solution is to instruct a professional debt collection agency. Thanks to this, businesses in the construction industry would not be able to function.
A debt collection agency will be able to recover your unpaid construction fees promptly at a low cost to your business. Whilst most debt collection agencies can act on your behalf, only a handful will have the necessary expertise. A construction debt collection specialist will always be a better option.
Federal Management is one such agency and has provided debt collection for construction companies across the UK.
Debt Collection for Construction Companies – Instructing a Debt Recovery Agency
Federal Management is the UK’s leading commercial debt collection agency. Since our opening in 2004, our recovery solutions have collected millions of pounds for construction companies across the UK.
We specialise in cross industry debt recovery services, as well as providing expert debt collection for construction companies. Our specialist debt collection service for the construction industry is one of the most effective in our sector.
We have an average recovery rate of 90% on all undisputed business debts. We do not charge per the hour, we charge only for a successful outcome. Our services inclusive with only a nominal instruction fee to pay based on the debt value and complexity.
We are also regulated by the Financial Conduct Authority (FCA). This means that we have a track record of produced results, providing the highest levels of professionalism available. We have helped many construction firms and provided debt collection for civil engineering companies too.
If you are having issues with debt collection for construction companies, speak to one of our experts today.