Controlaccount Plc has been collecting consumer debt for more than 30 years and provides a fast and proactive collection service on a no-win, no-fee basis, delivering considerably better levels of service than other agencies. We collect in a fair and ethical fashion taking into account your need to collect your debts, whilst maintaining your reputation. Please note, Controlaccount Plc is unable to collect consumer accounts regulated under the Consumer Credit Act or a consumer hire agreement
We are able to offer a service for volume instructions , and have highly developed work-flow strategies to ensure maximum contact and recovery rates, provided in a secure and compliant environment.
We operate leading edge IT and Telephony systems with a debt management system that cannot be bettered in the industry together with a multi seat call centre for collections and pre-legal work. Our systems provide up to the minute information on accounts placed with us and offer bespoke reporting tools to give you accurate financial data connected with any individual account or inventory placed with us, detailing not only number of accounts placed and debt value, but providing a whole range of statistical information at a touch of a button.
Our overall approach to debt recovery 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 also provide a range of Legal services from relatively straightforward County Court action, through to High Court, Insolvency and complex 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.
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 with the Office of Fair Trading guidelines.
If you would like to learn more about how Controlaccount Plc can deliver this service for your company, please do not hesitate to contact us. We would be happy to arrange a visit to your premises to discuss any needs you may have.
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: