Credit Services
Debt Recovery
Helping you to receive money you thought you'd lost.
Sometimes even Bad debts can be paid, with our help
Debt Recovery is the process reached when cash has ceased to flow and there is a risk that money owed will not be received at all. We have enjoyed great success in helping our clients even in this sometimes apparently hopeless situation.
What is Debt Recovery?
Disclaimer: please note we are not a law firm and do not provide legal services or advice. When necessary, we work in collaboration and in conjunction with solicitors. If you require legal services or advice you should contact a solicitor. Alternatively, we can put you in touch with selected solicitors.
*Terms and Conditions apply
When a business is owed money for an unacceptable period, it is experiencing debt, with the potential for that to become bad debt, money owed that is never paid. Often such debts are ‘written off’ in accounts, a situation of last resort that can jeopardise the survival of a business.
This is often a result of the failure of credit management and credit control, and can be largely preventable. Exceptions are when an unpaid debt is from a client or customer whose business is in administration or bankrupt, and this could not have been foreseen. In some cases, we can help to negotiate repayment plans to recover debt.
Our Debt Managers can help to clear your debts, and they have an outstanding success rate of debts recovered in over 85% of cases.
We offer a no-win, no-fee service for any size of debt, and other alternative, cost-effective solutions, suited to businesses of all sizes. We will work to recover as much of your debt as possible or, where necessary, negotiate repayment plans. You only pay us a commission if we successfully recover your debt.*
Legal remedies to recover debt are often perceived as cumbersome, time-consuming, and expensive. We can help you to prevent the legal route being needed.
In extreme circumstances, if we discover that a debtor has absconded, we can request a trace* to locate them. The Credit Collections Company can guide you through the legal process, but we only use this method as a last resort with your consent.
We are much more about Credit Management, Credit Control, and prevention of debt – but when things get tough, as your “Guardians of Cash Flow”, we are there for you.
We have produced a handy Guide to Debt Recovery that you can download.
How can The Credit Collections
Company help me as an SME business?
Our Debt Recovery services are widely-respected as being amongst the best in the business.
Sheila Chadha, MD
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How can The Credit
Collections Company
help me recover Debts?
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I'm a SME Business,
how can I improve?
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Need Someone To Clear A Backlog Of Debt?
Some clients come to us and have a handful of invoices that are aged over 1 year plus. We can not only clear these up for you, whilst maintaining the customer relationship if there still is one, but we will also advise on how to prevent future invoices not being paid.
Other clients come to us after they have 4, 10, or even 20 years worth of backlog of debts. This is through poor credit management and we see it time and time again, not just with small Companies, but with major corporations too. You may even have a credit team in place, but sometimes they can be so overwhelmed, that they don t even know where to begin. This is where we The Fixers come in, also known as the Credit Angels’.
We put together a whole strategy from the ground up and work out all the issues that are affecting your team, from poor collection techniques. to poor follow ups on disputes, misallocated cash, and so on. We are not afraid to roll up our sleeves and wade in, as we believe we can identify a lot of key issues, by actually speaking to the customers ourselves. We are very methodical and we don t leave a stone unturned.
Contrary to belief, business owners believe, the statute of limitations applies to all debts over 6 years and older. We have successfully recovered debts beyond this but it is subject to the nature of the problem, to begin with. So next time, think twice before writing off debts quickly. Want to find out more? Give us a call today and book a free consultation.
Who we do it for
Our past and current clients
Debt Recovery Pricing
Recover Your Debts Today!
Contact us for a free consultation and tailored solutions.
Testimonials
Kunal Thakker
Toothclub
Yielded
Amazing Results
Sheila has successfully streamlined our debt recovery process. Her excellent communication skills and straightforward approach have yielded amazing results for our company.
Juhaina
Air Operate
Experience ~
Second To None.
Sheila helped us with a very difficult partner who was ignoring our invoices. She has been a godsend, and cleared the debt. Sheila's professionalism, patience and experience was second to none and made all the difference.
Dillan Gandhi
Social Eight
Outstanding Level
Of Service
I have worked with Sheila and her team for many years. They provide an outstanding level of service that balances the sensitivities around debt recovery whilst getting great results.
FAQs
What is Debt Recovery and how do your services help my business?
Debt recovery is legal-based collections. This differs from credit control, as the language and tone differ entirely.
We conduct more in-depth searches regarding the background of the Company or Directors/Owner of the business. We aim to recover your money without taking legal action where we can.
Legal action is not always viable, and we will give you our professional opinion. If legal action is recommended, we will work with our approved partners, who will issue your case only after we have exhausted every other opportunity first.
Using our No-Win Fee service can ensure you only pay if we successfully collect all or part of your debt. Otherwise, you do not pay us a penny.
Our fees are very reasonable too, starting from only 10%. (Excluding VAT where applicable).
Will it cost me anything if you do not recover the debt?
No, our debt recovery is a No-Win, No-Fee service. You only pay us if we recover full or partial payment on your behalf. If the case goes to court, we will discuss it with you beforehand to see if your case has a good chance of success, and we will inform you of any fees. See us as a pre-legal service. You have nothing to lose!
How will I get paid?
All monies are paid to you directly, and we invoice you for payment.
Is there a minimum value for recovering unpaid invoices?
No, we want to help as many businesses as possible. There is no minimum value for using our debt recovery service.
How long will it take to recover my debt/s?
That is a tricky question to answer, as each case is different. We may recover your debt within a day or two, or it may take many months/years, especially if we agree on a payment plan, or a case may need to be referred to our legal team.
How much does your debt recovery service cost?
Our commission starts from as little as 10%. See our pricing table on this page.