Controlaccount Plc has been providing services to the transport and logistics sector, working for global brand leaders, for more than two decades. We provide our customers with a fast, proactive collection service on a no-collect, no-fee in addition to providing an series of ‘back office services’ to support core activities. Our collection methods are fair, transparent and ethical taking into account your need to recover your overdue invoices, improve cash flow and preserve customer relationships and your hard earned reputation.
As an experience provider to both SMEs and Multi-National and International Corporations processing high volume instruction levels, Controlaccount has an in-depth understanding of the problems associated with recovery in this sector connected with Duty/VAT, HMRC, Freight Charging Structures and Shipping Charges and provides effective services designed to support clients internal processes, add value to existing recovery processes, provide knowledgeable support to educate debtors and reduce DSO (Days Sales Outstanding).
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 and timely financial data connected with any individual account or inventory placed with us detailing not only number and value of accounts under recovery, but a whole range of information to enable you to track performance and account status.
Our service 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 recover the cost of chasing overdue commercial debts. Controlaccount can help you redress this imbalance by meeting some or all of the cost of collection from the late payment charge and interest through LPA. This means that you could receive 100 percent of your debt, not a proportion as you may do currently.
The advantages of our LPA debt recovery service can be made as flexible as you may wish sharing industry best practice we you and discussing the best way to integrate the benefits of our service with your existing credit control functions.
Our overall approach to debt recovery means we can provide solutions for a whole range of debt problems including current ledger balances, duty VAT recovery, 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.
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 really can receive a no cost debt collection service from beginning to end.
Some of the benefits of using our debt collection service are:
Our highly trained Collections Team have extensive commercial experience when dealing with Duty VAT and Taxes, 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 Credit Services Association code of practice.
To find out how Controlaccount Plc can benefit your business and recover outstanding debt CONTACT US TODAY. We would be happy to arrange a visit to your premises and provide case studies of how we worked with leading firms in the transport and logistics sector. Call our New Business Team to find out the next steps to recovering your debt, 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: