Controlaccount Plc has been collecting commercial debt in all its forms for many years and provides a fast, proactive collection service on a no-collect, no-fee basis and delivering considerably better levels of service than many other agencies. Our collection methods are fair, transparent and ethical, taking into account your need to collect debts and improve cash flow whilst preserving customer relationships and protecting your reputation.
Our case flow debt management system cannot be bettered in the industry. It provides up-to-the-minute information on accounts placed with us and has bespoke reporting tools to give you accurate financial data connected with any individual account or inventory placed with us, detailing not only number and value of accounts under recovery, but providing a whole range of information at in a secure online portal to enable you to track performance and interact with our service.
Our service also makes use of the most up to date legislation for commercial debt recovery, utilising the Late Payment of Commercial Debts (Interest) Act 1998 (LPA) helps to redress the balance with regard to the cost of chasing overdue commercial debts and we are sure you have asked yourself the question "why should I bear the cost of collecting what is in effect my own money?". Controlaccount is prepared to help you redress this imbalance by meeting some or all of the cost of collection from the late payment charge and interest, this means that you could receive 100 percent of your debt, not a proportion as you may do currently.
The advantages of our LPA service can be made as flexible as you may wish, and we can discuss with you how would be best to integrate the benefits of our service with your existing credit control functions.
Our overall approach to b2b debt collection means we can provide solutions for a whole range of debt problems including current ledger balances, written-off debt, post judgement, low value or absconded debt, all of which are fully contingent upon success so there will be no cost to you should we be unable to collect. We take all appropriate actions available to us in resolving any issues including any tracing or investigative work needed to locate your debtor should they have moved and the locating of any assets which may help in the recovery of your debt where we feel there is a good chance of an award being made in an undefended court action. We will also meet the costs of the court action from recovered funds.
In addition we also provide a range of Legal debt recovery services from relatively straightforward County Court action, through to High Court, insolvency and complex trade disputes. Controlaccount's in-house Legal Department has the capacity and capability to undertake actions in all jurisdictions.
In our experience, judgements do not always guarantee payment, therefore our Legal Department will advise our Clients to take the most appropriate and effective enforcement methods in order to maximise recovery opportunities.
For the first time there really is a debt collection agency that is prepared to back up their confidence to collect debts with their own money. You as a client really can receive a no cost debt collection service from beginning to end.
Some of the benefits of using our commercial debt collection service are:
Our highly trained Collections Team have extensive commercial experience when dealing with contract law and commercial litigation and know exactly the course of action that will resolve your outstanding debt problems. All aspects of our recovery service are conducted professionally, courteously and in accordance the Credit Services Association (CSA) Code of Practice.
Please call the offices if you would like to learn more about how Controlaccount Plc can deliver this service for your company. We would be happy to arrange a visit to your premises.
To speak to our New Business Team to find out the next steps to recovering your debt on a no collection, no fee basis, please call 01527 549 522 or email sales@controlac count.com
Days Sales Outstanding or DSO is a calculation used by a company to estimate their average collection period and measures how well a business accounts receivables are being managed and how efficient credit control departments are performing. The lower the days or ratio, the better it is for your business. If your business has a high days sales ratio, you may struggle to convert sales into cash flow. Try our calculator to find out how many days you are financing your customers.
From experience, we understand "Best Practice" for DSO within UK industry sectors.
You can compare your own DSO to this: