Haulage Debt Collection in the UK
Haulage Debt Collection in the UK
The haulage and logistics industry is a leviathan of the British Economy and helps form the backbone of business in the United Kingdom. Tied, as it is, so closely with the general state of the economy, the fortunes of companies in the sector are relatively volatile when compared with other industries.
This can mean that margins can experience ‘squeezes’ from time to time, and rising costs can lead to financial difficulties. All of which can have a knock-on effect, resulting in invoices going unpaid. One of the Top issues facing the Haulage industry is the problem of non-payment of invoices and outstanding debts.
The Necessity of Debt Collection for the Haulage Industry
If you run a road haulage or courier company, then you are likely to have multiple logistics staff, HGV drivers, and office employees who all rely on your company being paid for their own wages. This also includes any costs your supply chain may incur. Doing nothing simply is not an option for logistics businesses.
Having your own accounts receivables department chase a debt is often many companies first port of call. However, creditor pressure often runs into issues, as it takes a lot of your time and most businesses have few enforcement options.
The best solution is to seek out a professional debt collection option for the haulage industry.
Is Litigation an Option?
You could pursue the debt through the courts. Only thing is, that it’s often a fruitless chase that will drain time and money out of your business. You could end up with a success via the litigation route, but it tends to be hard-earned.
There is also the issue of costly legal fees. The average commercial solicitor will charge between £200-£500 per hour regardless of the outcome then there is also the disbursements and court fees to consider.
Haulage Industry Debt Collection – Best Alternative
Debt collection agencies come in all shapes and sizes and there are firms that specialise in industries like haulage industry debt recovery. With knowledge of the inner workings of the sector, they know the particular laws that govern it and how to work within them to result in a successful outcome.
They will also usually work on a “No Collection – No Costs” basis, which largely eliminates any risk involved in the process and makes it an extremely cost-effective method.
Choosing a specialised Haulage Industry Debt Collection service can be an extremely valuable resource.
The work Haulage Industry Debt Collection specialists do on your behalf is always ethical, professional and above all; have the most amicable and successful of outcomes for all parties at the forefront of their minds.
Find a reputable and accredited haulage industry debt collection agency to help you chase non paying clients and you take much of the stress out of the situation and in doing so, show your debtors that you are serious about being paid.
Do not discount the idea until you’ve had a chat with a professional Business Debt collection specialist. It’s likely that after a few minutes you’ll see what’s meant by ‘professional’ and that it is a very viable and reasonable option.
Federal Management recovers hundreds of debts for road transport and logistic companies every year and has unrivalled experience of this sector. Get the edge for your haulage company and get a free assessment of your debts today.
Think smart and you will soon be on the road to a more profitable operation. If your Distribution or Haulage Company has problems with unpaid invoices, they will only serve to have a detrimental effect on your profits and cash flow. Working with a Firm of Debt Collection Professionals will ensure your unpaid haulage invoices get paid fast!