Small Business Debt Recovery in 2024
Small Business Debt Recovery Agency in the UK
A specialised Small Business Debt Recovery service can help massively. They will take the sting out of the situation for you and minimise its impact. As a representative of your Business, they can swiftly act. They will be well versed in all scenarios and know what to do.
Chasing non paying customers is not profitable. It means you are not focusing on what you should be doing. A Professional Debt Recovery service will act as an extension to your own credit control process.
Millions of Companies use Debt Collection Agencies in the modern world of business. Important to remember though that not all debt recovery agencies can be what they seem. The more professional will likely be authorised by the FCA.
The Financial conduct authority is the main governing body for the sector. The Credit Services Association also helps with guidelines and best practices. Working with a debt recovery agency that is affiliated with neither should not be an option.
Low Fixed Cost with No Hidden Fees
At Federal Management, we use transparent fee structures. Our Commission rates start at only 6% for larger amounts. The average in the industry is at least 15%. A full and Free assessment of any debt we take on it undertaken at outset.
We are not in the habit of taking on debts where there is no chance of recovery.
Less than 1% of the cases we take on require any form of Legal Action. These are the kind of figures that our clients like to hear. Small Business Debt Recovery should not be an expensive option. That is our mantra and always has been.
Regular Progress Updates
Our philosophy is to keep our clients well informed. Regular reports are sent to ensure our clients are kept abreast of the debt recovery actions being taken. We try to resolve all instructions as quickly as possible.
It is a simple fact that some debts are more difficult to collect than others. Do not believe otherwise.
For clients with more than a handful of debts, we have an online small business debt recovery tracking system. This allows you to get an accurate overview of progress made on any small business debt recovery cases passed for collection.
This online management system is provided free of charge where appropriate.
Pragmatic and Professional Approach
We deliver a Principle-based small business Debt Recovery service. 19+ Years of success backs that up. A tailored approach is adopted to each debt we encounter. ‘One size does not fit all’ so we have a range of debt collection strategies to collect was is owed.
From a pro-active Telephone Based Collections Team to our Field Agents who visit Premises. Every element of our Small Business Debt Recovery task force has one common objective. Every year we collect millions of pounds. Every debt and case we take on is different. There is no short cut to a successful outcome so we exercise due diligence on all fronts.
Using a Professional Small Business Debt Recovery service can serve you well. If your Small Business is owed money, contact our friendly team today. Whatever the situation we can help.
Common questions asked
What is Small business Debt Recovery?
Small Business Debt Recovery is the process by which a company attempts to recover monies owed to them. This could be from unpaid invoices, unpaid debts in advertising or other sources of debt.
What information will I need?
To begin the Small Business Debt Recovery process you will need information on the debtor and their current whereabouts, as well as details of the debt itself. You may also require supporting documents such as copies of invoices and suchlike.
How soon can Federal Management recover my debt?
It depends upon the circumstances but typically we are able to start recovering your debt within 48 hours of instructions being received. We then work on a fast-track basis and aim to have payments collected within 28 days of instruction.
Can I trust Federal Management to recover my debt?
Absolutely! We have an excellent track record of recovering debts for our clients, having recovered millions of pounds in the last 12 months alone.
Our team of highly experienced and professional debt collection officers also ensure that all enquiries are handled sensitively and discreetly. In addition, we operate within all relevant regulatory bodies’ guidelines at all times.
If you’re looking for a reliable and effective Small Business Debt Recovery service then contact us today – we’re ready to help!