Do You Need Commercial Debt Recovery?

Do You Need Commercial Debt Recovery?

Getting paid by your customers is absolutely crucial to your businesses cash flow. Slow and non-paying customers can have serious impacts and not getting paid can quite literally put you out of business.

The payment of commercial debt is critical, and writing off debt should never be an option.

If your customers are not paying then you should consider a commercial debt recovery plan. With this, you can allow the full collection of the money owed.

Nobody wants to upset a repeat customer for fear of losing future business. This is why our professional and intelligent commercial debt collection should be considered as a valid outlet for bad debts.

We really do understand how awkward it can feel having to take action to recover a debt from your best client.

Every situation is different and will take a diplomatic approach in discussing the circumstances, resolve any problems and reach an agreement on your behalf.

We take our business as seriously as you take yours which is demonstrated in our commitment to excellence. The awards we have won for delivering excellence stand testimony to the unprecedented results we achieve and the levels of service we deliver.

Our Approach to Business Debt Recovery

We do not send standard collection letters that can not only offend clients but can also be ineffective. We will tailor our service to your needs and circumstances to give you the maximum potential of a full recovery.

We deal with business to business debt collection across many commercial sectors. As well as this, we have experience with clients ranging from sole traders to SME, national and international companies.

We will always do everything in our power to try and recover the money owed to you without court action. This is better for your business but the courts do expect you to have made all reasonable efforts to collect the debt or resolve disputes. This is before proceeding with legal action.

Many agencies provide “no win, no fee” debt collection, but this is not always the case and is often a way to sign clients up to lifetime contracts.

We are here to help you and your business with our respected and professional skills in the commercial debt recovery industry. Choosing and using a debt collection agency is an important decision to make.

With our pragmatic and proficient approach, you will immediately see results in the short term for your cash-flow problems. Once this is in progress we can help you with your credit control process to help avoid further outstanding debts from your clients.

We operate a fully compliant and transparent service. We provide a full & free appraisal at outset and even perform initial credit checks & due diligence. This is to ensure there is a reasonable prospect of recovering your debts.

From finance companies to football clubs, taking a professional debt recovery action for unpaid commercial debts is critical to your cash flow.

Choosing the wrong debt collection agency is far worse than choosing none at all. You should not gamble with your bad debts, let the experts help you and your company’s cash flow today.

Commercial Debt Recovery Service – Frequently Asked Questions

What is Included in a Commercial Debt Recovery Process?

Federal Management provides a fully comprehensive debt collection service that can recover a commercial debt effectively and promptly. Some elements of this include performing all phone calls, letters, emails and SMS text messages. Our recovery rate is as high as 90% on all undisputed business debts.

Can Debt Be Recovered from a Company Based in Another Country?

With the right debt recovery agency, owed money can be recovered no matter where the debtor is based. Federal Management has a global network of trusted debt collectors. With this network, we are able to recover commercial debt from virtually anywhere in the world.

What are the Commercial Debt Recovery Costs?

Each case of debt must be looked at individually and priced accordingly. As each debt is unique and has its circumstances, no two debt’s are alike. Federal Management operates one of the UK’s lowest commission rates, starting from as little as 6%.

What Types of Commercial Debts Can Be Recovered by a Professional Agency?

Each debt needs to be investigated and a rigorous due diligence process is undertaken for every case. The most common form of business debt results from unpaid invoices, but there are many more circumstances that can lead to money being owed. The best thing to do is to speak with an advisor for a free debt appraisal.

Is there a Minimum Debt Value for Commercial Debt Recovery?

The answer to this question very much depends on the type and nature of the individual debt. £500 is what could be loosely classed as Federal Management’s minimum debt value, but we can usually help or provide advice for smaller amounts.