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Debt Collection from a Large Construction Company

For most businesses, late payers are simply a part of business life, and as long as they do pay in the end, it’s a problem the company will usually find a way to workaround. If you know from previous dealings with the client or customer that they will pay you, albeit 14 or 30 days late, it is unlikely that you will refuse to accept the order. Instead, you are likely to accept both the order and the fact that you will also likely be paid late.

We would define bad payers; as those who evade payment for more than 90 days. They are uncommon and not a problem that most businesses have to deal with regularly. The older a debt, the more difficult it will be to recover and the more likely it will be that the debtor will fold and your business will be left out of pocket. However, if your company finds itself in that position, you should take debt collection action sooner rather than later.

Our clients use our debt recovery service on a when required basis. There is no annual subscription or account to be maintained. They instruct us whenever they need our assistance, and an excellent example of this follows.

We assisted our client, a Warwickshire based Haulage Contractor, back in 2017, successfully recovering a debt of £14,628 made up of several invoices up to seven months old within five days of our instruction.

It’s always good to hear from and help a returning client

It was not until 2021 that our client returned to us with a single invoice of £1,920.00. The invoice had been issued to a large Construction Company for the transport of building aggregates. At the point of our instruction, the invoice was 102 days overdue, and our client had been chasing for payment without success for over three months.

Full payment, including our fees, was received four days after our initial Notice was issued and the day after telephone contact commenced.

In the vast majority of cases, the threat of legal from Advocate Debt Recovery, is enough to prompt swift payment.

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