Debt Recovery Agency
Recruiting in your credit
control department? Credit Collections UK Ltd offers a cost
effective outsourced solution for your credit control requirements
which will cut the cost of your credit procedures & staffing
levels whilst improving your cash flow.
 Your
credit control procedures can easily be outsourced to Credit
Collections (UK) Ltd leaving you free to concentrate on your
core business. You need do nothing more than supply Credit Collections
(UK) Ltd with a copy of your aged debt report & our experienced
credit control staff & specialist software will do the rest.
Credit Collections (UK) Ltd will work to credit control rules
agreed with you in advance to ensure that all of your customers
adhere to your credit terms. These rules are applied to all of
your customers without preference or influence therefore no customer
can fall outside of your credit control conditions.
By outsourcing your credit control activities you ensure that
your credit control policies are enforced every month without
fail & are not subject to staff absences or holidays.
The cost of outsourcing your credit control is often less
than employing further staff in your accounts department. You
can also rest assured that only credit control staff with the
relevant experience & qualifications are handling your account.
You may well be surprised at the cost to your business of
not having a well defined credit control procedure in place.
Suppose your business is due an overdue payment of £5,000.00.
For each day that amount is outstanding it will cost your business
£0.82 in interest (6%). Mulitply that across all of your
overdue accounts & you will soon see that effective credit
control is a priority for all businesses.
Suppose that the £5,000.00 remains unpaid because your
business does not have the correct credit control procedures
in place to recover it. If your net profit margin is 4% then
the value of the £5,000.00 in sales is £125,000.00.
That means that your business income is reduced by £125,000
as a direct result of not having effective credit control procedures
in place. On a turnover of £2.5 million, reduced to £2.375
million with this single £5,000.00 debt, your business
would have £31,250.00 less profit. You will now be able
to see the true cost of not having an effective credit control
policy in place.
For a fraction of the cost of the lost profit on one unpaid
debt of £5,000.00 Credit Collections (UK) Ltd can ensure
that you have an effective credit control policy in place &
that all of your customers adhere to your credit terms.
| 1
Sheffield Road, Dronfield, Derbyshire S18 2DH |
Telephone:
01246 411931 Fax: 01246 290130 |
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