Company & Commercial Department
Debt Prevention & Debt Recovery
How long can your business survive if your customers or clients do not pay you on time? Or at all ?
The Problem
No business can afford not to collect its debts efficiently. Good cash flow is the key to business success and outstanding invoices severely inhibit the ability of business to make a profit.
It is essential for the success and survival of any business that it obtains payment for the goods or services it supplies to its customers. Many businesses are starved of the cash flow they need to grow and prosper because customers withhold payment,
Unless interest charges are built into your terms of trading, such credit becomes an interest free loan at your expense. These debts are often expensive and time-consuming to recover, with many of them being written off.
The end result is the debtor wins again at your expense.
The Solutions
We believe debt problems can be solved in one of two ways:
1. Debt prevention
2. Debt recovery
Getting in touch
Contact Woolliscrofts on FREEPHONE 0800 083 97 87 and ask to speak with either Chris Mason or Rachel Plant, or send us a free no obligation enquiry by e-mail.
There is no charge for an initial enquiry, and contacting us does not commit you to using our services.
Debt Prevention
We can advise you on methods of preventing debts arising, as we firmly believe that prevention is better than the cure. We offer a comprehensive service to improve your credit control procedures including:
· Assessing your credit control and debtor rating procedures and advising you on the best way forward;
· Reviewing your terms and conditions of business;
· Advising you on the effective use of Retention of Title clauses;
· Protecting your position as far as possible in the event of your debtor becoming insolvent.
Debt Recovery
Woolliscrofts comprehensive Debt Recovery Service provides a swift and cost-effective method of maintaining your cash flow. Upon instruction:
1. We will pursue your debts for you;
2. We will require your debtor to make payment by a specific date;
3. If payment is not made by the specified date, we will issue proceedings.
Our in-depth guide to our comprehensive Debt Recovery Service will inform you of the many benefits of using our service, describing what steps we take to ensure your debts are settled and how to instruct us to pursue your debts.
Getting in touch
Contact Woolliscrofts on FREEPHONE 0800 083 97 87,
or send us a free no obligation enquiry by e-mail.
There is no charge for an initial enquiry, and contacting us does not commit you to using our services.