Commercial Debt Recovery
Late payers can soon become bad debtors unless decisive action is taken quickly!
Most businesses will at some stage be faced with customers who do not pay on time and as a result may experience cash flow problems. There is usually a reason why businesses that are supplied with goods or services do not pay on time, and often it’s because they are in financial difficulty or because they are using credit to fund their own business, taking on extra staff and investing in new equipment while avoiding paying their creditors.
In either case there is a high risk that late payers will become bad debtors if the situation is not managed effectively and quickly. Why should your business suffer because of another business’s poor administration or financial problems, and why should money that is rightfully yours be used to fund someone else’s business when it could be used to grow your own business.
Advocate’s free Commercial Debt Recovery Solution
The Government has recognised the burden that late payment and bad debt places on business and introduced the Late Payment of Commercial Debts Act to combat the problem. The legislation is highly significant for creditors as it allows them to claim the reasonable costs of a third party such as Advocate in collecting commercial debts.
Recovering debt is a challenging situation for any business, it’s stressful, time consuming and usually ends in frustration with the debtor simply ignoring all requests for payment or offering one excuse after another. Advocate offers an alternative to this situation, a professional, effective and cost free debt recovery solution. We understand the pressures of the debt recovery process and use our extensive knowledge and experience to achieve outstanding results.
- Our service is completely risk free and in the unlikely event that we are unable to successfully recover the money you are owed there is no charge whatsoever
- There are no hidden charges to our service, and no upfront charges or subscriptions
- We recover 84% of the debts placed with us without recourse to legal action
- We will recover any commercial debt of more than £750.00
- We represent and work with businesses of all sizes from sole proprietors to multinationals
- We recover commercial debt UK wide
To successfully recover a commercial debt it is vitally important to take decisive action quickly. If a debtor cannot or will not pay you, there will doubtless be other creditors they cannot or will not pay. Contact Advocate today on 0117 403 1785 and put yourself at the front of the queue for payment.