List of Debt Recovery Companies in London

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List of Debt Recovery Companies in London

Is your business suffering from clients in London who are not paying their invoices? Millions of invoices are late or are left unpaid every year in the UK’s capital, and research shows businesses have seen a 23% increase in this over the past few years.

London is at the centre of the UK’s financial network and its economy makes up almost a quarter of the country’s gross domestic product, so it is no secret as to why the collection of debts is so prevalent here.

As the number of options for debt recovery has risen, more and more businesses across London have opted to use the services of Debt Recovery Agencies rather than traditional methods such as Solicitors. There are various reasons why businesses may not want to use Solicitors as they are notoriously very expensive and take a long time to achieve a positive result or any result at all.

Despite the increasing popularity of instructing debt collection agencies, many individuals or businesses who are owed money will try to recover this independently. This can be extremely counter-productive to the business, and may have an impact on the financial stability of the organisation.

Recovering a debt independently never guarantees a successful collection, and usually results in a lot of wasted time and resources that could have been spent doing value-based tasks which grow the business.

When seeking a collection agency to undertake the recovery of your money, it is vital that you choose the right option and thorough research is carried out beforehand to ensure the best solution. Debt Collection London has created a hand-picked List of Debt Recovery Companies in London to help businesses and individuals alike.

List of Debt Recovery Companies in London – Who To Choose

Making a bad decision and choosing the wrong agency can be even worse than choosing none at all.

At Debt Collection London, we provide FREE advice and referral service to help you choose the best debt collection agency in London based on your specific requirements. We have hand-picked a list of trusted organisations who, like ourselves, are members of the UK Debt Collection Bureau.

All of our members have extensive industry experience, are accredited to ISO:9001 and share the same ethics as ourselves ensuring the absolute best service for debt collection in the whole of London.

Whether you or your business are in the need for Commercial, Private or International Debt Collection services, we have all the information needed to guide you to the right place and ensure a hassle-free and cost-effective solution.

Debt Recovery in London

Over our long history we have assisted hundreds of businesses within London, connecting them to the best debt collection agency, helping them get their money back. We have worked with businesses across a wide variety of sectors, from Law firms & investment companies to Sole Traders and Sub Contractors.

If you are faced with the challenge of clients who aren’t paying you what they owe, then you need to act fast to ensure the sustainability of your cash flow. It is also imperative that you make the right decision and you do not rush when choosing which agency to instruct.

Our goal at Debt Collection London is to provide the information you need, based on your requirements, to choose that right agency. We will only recommend the best in the industry whose ethics and values reflect our own.

List of Debt Recovery Companies in London – Commercial Debt Collection

Do you work within a B2B organisation in London which is experiencing difficulty with clients who aren’t paying their invoices? Commercial Debt Collection is the service recommended for your requirements.

In-house credit-control teams may see unpaid invoices as more hassle than they are worth, and will focus more on new business and push disputed payments to the side. This causes unpaid debts to be left for too long, and there is a danger that they may become void and enter a state called “Statute Barred”.

The term Statute Barred is outlined under the Limitation Act 1980, which outlines that the creditor has six years to recover the unpaid debt. The period from which starts is from the last known acknowledgement or payment of the debt.

Acting quickly and professionally when faced with a client who is not paying is the best way of ensuring the successful collection of your money.

From our list of trusted partners, our recommended Commercial Debt Collection agency is Federal Management, who have 16+ years of industry experience.

There are many benefits to using the services provided by Federal Management, such as:

• Over 16 years industry experience working across a large portfolio of sectors
• Up to 90% Recovery Rate on Undisputed Debts
• Operates the UK’s Lowest Commission Rates from 6%
• Authorised by the Financial Conduct Authority (FCA)
• No Collection = No Collection Costs to pay

If you are not familiar with the “No Collection, No Collection Costs to pay” service, this means that the person who has instructed the collection will only pay should a successful collection be made.

As part of the cost-effective solution the organisation provides, even if a collection is made the client will only have to pay a small commission percentage of the total debt.

If you are based in London and require a trusted, professional solution to getting your money back then Federal Management delivers a second-to-none service that is cost-effective, quick and efficient.

List of Debt Recovery Companies in London – Private Debt Collection

If you are self-employed or a freelance worker, at some point in your career you may have difficulty with clients not paying their invoices or avoiding payment of works that you have carried out.

This is something that is unfortunately common within the industry, and our award-winning partnershave demonstrated and successful experience dealing with these requirements.

The most important thing to know when dealing with clients not paying you is that attempting to recover a debt independently often results in many unforeseen outcomes, and you may find yourself in a worse position than when you started. This is especially important for self-employed individuals, as the time that is spenton the recovery process could be better spent to grow your business.

Whether it is for goods, services or wages owed, it is essential that appropriate action is taken to help collect the monies owed to you.

Our preferred partner for the requirements of Private Debt Collection is Frontline Collections.

Some Of The Key Benefits Of Using Frontline Collections’ Services:

• On Avg. 90% Recovery Rate on Undisputed Debts
• High Collection Rates and Low Commission Rates
• Members of the Credit Services Association
• Over 15 years industry expertise in most private sectors
• Dedicated London collection office

Did you know? Frontline Collections were recently awarded “Gold Supplier Status” by the Independent Schools Association making them the UK’s first collection agency to be awarded this title.

Every case regarding unpaid school fees is dealt with by a Debt Collection officer with a wealth of experience. A proactive and professional strategy is applied to every case that Frontline Collections deals with, ensuring every measure is taken to collect unpaid debts.

List of Debt Recovery Companies in London – International Debt Collection

Dealing with debt recovery by yourself can be an exhausting experience at the best of times, and if your debtors are based overseas then this can feel like an even greater challenge

There are a number of factors to consider when collecting an overseas debt, including language barriers, laws, regulations and time differences. These barriers can make a complicated situation even more so, and it should give you peace of mind that our partners are experts in overcoming these barriers.

Choosing the wrong International Debt Collection Agency is worse than choosing none at all, and it is important to make sure that all debt collection activities are conducted in a lawful and ethical manner.

The recommended partner for the recovery of international Debt is Frontline Collections, who are London’s leading international debt collection provider.

No barrier is too much for the experts and each member of the new business team has extensive experience working on behalf of various countries across the globe.

Why should you choose Frontline Collections to undertake your International Debt?

Here are a few reasons why:

• Fully inclusive low-cost service
• FREE initial assessment & investigation
• Proactive and Professional approach
• High Overseas Debt Collection Success Rates
• International Network of Trusted Agents

One of the key elements of Frontline Collections’ success for international debt collection is the partnerships built up with companies over a number of years.

Get in contact with the team now at www.frontline-collections.com and kickstart your recovery process.

For Commercial International Debt Collection, we recommend using Federal Management.

Federal Management has expertise and experience in many international areas such as business debt collection in Japan, France, Australia and many more.