Problems With Late Payers?
Late invoice payment and outstanding debts is an issue that continues to cast a shadow over many parts of the UK Business Community with some alarming figures being released relating to the number of companies that are being forced into liquidation and administration despite being owed considerable sums of money. Yet this need not be the case providing expedient and cost effective steps are taken to recover outstanding debts.
One Company that has an excellent reputation for dealing with serious matters such as the Collection of outstanding debts is Federal Management. This Lancashire based Business has their Head Office in Skelmersdale as well as offices in London, and operate their renowned Debt Collection Services across the UK & EU, recovering Millions of Pounds every year for their clients. They are only too aware of the problems facing UK Businesses with regards to late payments and outstanding invoices etc as well as the need to maintain existing business relationships where possible.
Federal Management began life in 2004 by initially delivering their Debt Collection services to predominantly small businesses up and down the UK but their growth quickly gathered momentum as word spread of their low cost services. A development of existing services along with continued internal development has seen them emerge as one of the UK’s Leading Commercial Debt Collection Companies.
One of the key elements to Federal Management’s success has been the high level of internal investment. Thousands of pounds have been spent on cutting edge technology that gives them the edge over their competitors as well as the ongoing training of existing personnel ensures that they deliver a service that is professional and quickly gets results. Attention to detail and highly diligent staff ensure the potential of recovering monies owing is at a much higher level than normal. The professional management systems they employ saw them awarded the ISO9001 accreditation in January.
They boast a highly experienced and dedicated Collections Team that deal solely with the pursuit of outstanding Debts and are relentless in their efforts. In addition to the Collections Team, they also have an Internal Legal Team to deal with disputed Debts and have Professional Collection Officers to visit Debtors who ignore demands for payment.
Such has been the success of Federal Management, in early 2009 they were awarded a place on the High Growth Programme, a Government backed scheme led by the North West Development Agency to aid the growth and development of ‘High Growth’ Businesses. This will aid their expansion and growth as they continue to go from strength to strength.
Marc Curtis-Smith, Managing Director of the Company says “At Federal Management, as members of the Credit Services Association, we pride ourselves on delivering a highly professional service to our clients and coupled with our High Collection rates, has been the main reason for our success. We have literally hundreds of clients that benefit from the services that we offer, from Large PLC’s to local small Businesses.”
“Quite simply, the service that we offer is unrivalled as we provide a low fixed cost service that delivers results and is one of the reasons why we have been so successful. We even have a considerable number of Law firms that use our services to recover their debts and this gives good testament to our ability to deliver a highly professional service at a fraction of the time and cost one would normally associate with recovering bad debts”
Concludes Marc “We are proud to say that the greatest form of advertisement for our services is simply ‘word of mouth’. Our services are designed to maximize the prospect of a successful collection of Debts whilst minimizing the cost to our clients. Anybody that is experiencing debtor or late payment problems should contact us sooner rather than later.”
For further information on Federal Management and how they can help your business, simply call them free on 0800 043 6922 and take the first steps to recovering your money back.