There are so many hours in a day and week, so as a business owner it is up to you to prioritise the items that must be handled immediately, what has a window and what can be pushed to the back. When it comes to outstanding accounts where the financial compensation has not been paid by the customer, it is important to handle these as quickly as possible. The more time that lapses between the deadline and getting the money then the less chance you have of reaching the customer and having them make good on the debt.
Since you only have a certain number of employees and you have other tasks that need attention in order to generate revenue, this particular event should be outsourced to a UK debt recovery agency whose primary objective is to get your money for you. They have the personnel, the resources and the knowledge on how to reach individuals through a variety of methods and work with them on a lower pay-off amount, payments or legal action, as it may be required.
Geographical boundaries in this part of the world are also not a hindrance due to their wide network of contacts.
It is necessary to hire a UK debt recovery firm that is well-known for its professionalism, success rate and ability to work with clients from all industries and balance amounts. Cost for these services varies by agency, so you will need to speak with a representative to explain your needs and expectations and then find out their price. Remember to consider the cost of time, people and resources that you would need to invest if you tried to handle on your own, without the experience and expertise of the professionals.
Getting your money faster is always a top priority, so it may mean spending a little in order to make that happen.
In a perfect world, this situation would not exist but life events happen, people choose not to pay or situations change and the individual can no longer afford. Let the UK debt recovery experts get to the bottom of the scenario and then work towards a satisfactory solution for both sides.