Debt Recovery for the Advertising industry
Debt Recovery for the advertising industry plays very much a supportive role. The UK’s advertising market place is the 4th biggest in the world. Advertising expenditure is estimated at well over 23 Billion pounds. Digital Marketing in the UK is one of the biggest areas overtaking Television advertising as the largest niche.
Newspaper and editorial advertising has declined somewhat over the years. This is largely due to the continued growth of digital advertising. Social Media advertising also continuing to grow year on year.
There are many typical sectors that require the services of a Professional Debt Collection Agency. Sports Advertising is a area that has seen large growth over the years. These can be in the form of pitchside advertising amongst others.
The main traditional forms of media advertising are as follows. Television advertising, Newspaper Advertising, Magazine advertising and Radio advertising. Direct Mail is also considered a traditional method of media advertising.
Massive growth in digital advertising has the emergence of different platforms for Advertising fees. Digital advertising, Programmatic advertising and Digital market outlook advertising all form part of modern lead generation.
Then there are the support mechanisms and companies that offer services for the above. Advertising Agencies, Media Agencies and PR Agents all help the industry to grow.
One thing they all have in common is that they suffer from unpaid service and advertising fees. These can accumulate in a manner of different ways. It could be that a contract has been formed for the provision of advertising services. If this is not paid then the agreement is broken and the fees become due.
Likewise, if a company enters into a year long agreement to advertise at a sports ground, then the agreement must be kept. Not paying fees for advertisement that have been agreed under contract will have repercussions.
The way you deal with the recovery of unpaid advertising fees is at your discretion. If credit control requests for payment of advertising fees is ignored, a appropriate action will need to be taken.Obviously you will not want to incur massive costs and your own Company brand is a consideration. An overly aggressive approach is not appropriate however you will want to be seen as being serious.
The best type of Debt Recovery service for your Business will be professionally accredited. They will also have a track record of dealing with different types of advertising debt. They will understand your needs and requirements plus won’t charge the earth.
Non payment of advertising fees is a daily occurrence across the UK’s Business world. You are not alone in not being paid advertising fees you are owed so do not panic. We have helped thousands of Advertising and Media outlets collect what they are owed. From unpaid invoices for Magazine adverts to unpaid fees for pitch side advertising boards, we can help.
Debt Collection for unpaid Advertising Fees is a regular occurance for our Commercial Teams. We have built up vast experience is dealing with all types of Debt Recovery within the advertising industry. Unpaid Media Debts are collected weekly by our Professional Team.
We offer a Free appraisal of all Debts within the Advertising and Media Industry. This measures the debtors ability to pay and their financial standing. Whether you are a Advertising Agency or a Media company, there is a solution. A solution that will help in the Professional Debt Recovery of what is owed to your Advertising, Media or PR Agency.
For a confidential chat regarding any issues you may experience, call us today. Our friendly Advertising Debt Collection specialists are waiting to help you.