We have a number of options to suit our client’s needs. Thankfully due to recent changes in European legislation we can now offset some of our fees onto your debtor. Why should you have to foot the bill entirely?
Like it says on the tin! this is an absolutely no win no fee service. There are no upfront fees and after registration with us all you need to do is to email or post your invoices to us and we do the rest. We will recover your money in accordance with your instructions but unless we are successful, we will not make any charge to you. Clients on this option pay our standard rate of commission on successful recovery.
Probably our most popular option. Clients on this option pay a nominal administration fee, depending on the size of the debt. This is usually £40, £70 or £100 but this is legally recoverable on top of the debt. The big advantage of this option is that it attracts a 50% discount off our standard commission rate.
Some of our clients have more frequent need of our services or they are too busy to keep on top of their credit control themselves. In these circumstances, the retainer service is an ideal solution. The client pays an agreed monthly retainer by standing order and then they can submit an unlimited amount of accounts to us for collection. The advantage of this option is that there are no administration fees to pay and this attracts our lowest rate of commission.
Who Are You Dealing With?
Many people make the mistake of assuming that they are dealing with an individual when in fact they are dealing with a limited company. This can have dire consequences especially if the limited company has several CCJ’s and no assets – huge sums of money are frequently lost like this. Carrying out a credit search is cheap and can stop you from making expensive mistakes. Searches are totally confidential and no-one will know that you have done a search on the company.
Call us now for details 0151 229 1071
Terms & Conditions
Your terms and conditions are important! Most people only find out how important when they are standing in front of a Judge. If you have not sent your terms and conditions to your customer, you could find out that you are working under their terms and conditions. How can this affect you? What if their payment terms are 120 days? Can you wait that long for payment? What if they go into liquidation and their terms state that once the goods are delivered then they hold good title? Which means not only do you not get paid, but you can’t get your goods back either!
Poor credit management can often cause the failure of a good company. The fact is that most businesses are unaware of the effect of poor credit management until a ‘trusted customer’ pulls a ‘fast one’ on them. Basic mistakes include assuming that an invoice is proof of debt – it isn’t. Failing to get delivery notes or satisfaction notes signed – fatal. Failing to get written authority for the work or purchase orders – how can you prove your debt? Our credit management consultancy service will cover all the things that you need to be doing and we can provide you with all the documentation required.