Services

B2B Debt Collection


We have drawn upon our years of debt collection experience to create our own “custom made” debt collection software. When you place your debts with us, they become part of our system which ensures that you will always receive top priority treatment. Not a single day is wasted in recovering monies due to you.

 

“We take credit where it is due and give it straight back to you.”

 

Features:

  • No File Opening Charges
  • No Prepayment
  • No Subscriptions

 

Our system holds the Registered Office and in most cases the trading address of every company within the United Kingdom as well as having access to constantly updated information on each of them. We believe that the more we know about your debtor, the easier it is to collect your money.

 

Generally speaking, the older the debt, the harder it is to resolve, which is why our fee structure is without equal in its simplicity and ease of use. Our fees are based solely on the age of the debt at the time of instruction and there is no charge from us should the debtor company have gone into compulsory or voluntary liquidation despite any work that we have undertaken on clients behalf.

 

Sales Ledger Controls:

 

First Collect is fully geared up to take on a complete credit control programme from the date of the invoice posting, or alternatively we can operate at 30, 60 or 90 days and over, with an individually modelled approach.

 

International Collection:

 

Features:

  • No File Opening Charges
  • No Prepayment
  • No Subscriptions

 

Our client list is Global and we are recommended by some of the world’s largest Commercial Credit Insurance Companies, major Corporations and Accountancy practices.

 

The attractions of opening up new markets abroad are enormous. Yet the potential credit problems can be daunting.

 

Chasing late payers is time consuming, counter productive and expensive, more so in a foreign market. Furthermore, experience shows that the longer a debt is overdue, the greater the risk of not getting paid at all.The problem is made worse by the current National & International debt crisis which means that many companies are even more reluctant or less able to settle their invoices quickly.

 

With affiliated offices in over 100 countries worldwide, First Collect can offer “hands on” collection methods. Whichever International Market you are in, you can rely on the expertise of people who speak the language and understand local markets and legal requirements.

 

Worldwide Litigation Service:

 

Legal action is rare and is only recommended in cases where litigation is unavoidable. First Collect retains highly qualified Solicitors throughout the United Kingdomand Overseas who act on behalf of our Clients.

 

Our Solicitors act speedily and enjoy a very high success rate.

 

First Collect monitors the situation through to its conclusion to ensure the very best possible service at the lowest possible price.

 

Client is kept aware at all times of cost and development of each individual case.

 

It is our aim to eliminate the stigma of fear attached to litigation in foreign countries. We have found in the past that Clients are usually not prepared to enter into litigation abroad because of the unknown cost aspect, the fear of spending hundreds, even thousands of pounds on costly translations of Pleadings and Opinions. Our retained Lawyers operate to a fixed cost fee. The language barrier is not an issue because of the Multi lingual staff and Lawyers who operate in the country and in most cases,& the city of the debtor.

 

See how a debt as small as £250 can seriously affect your business!

 

Let’s assume a bad debt of:
Your profitmargin £250 £500 £1,000 £2,500 £5,000
2% 12,500 25,000 50,000 125,000 250,000
4% 6,250 12,500 25,000 62,500 125,000
6% 4,160 8,330 16,670 41,670 83,330
8% 3,120 6,250 12,500 31,250 62,500
10% 2,500 5,000 10,000 25,000 50,000
15% 1,670 3,330 6,660 16,670 33,330

 

This table dramatically shows the additional sales required financing a bad debt, and that is before taking interest charges into account.

 

Should you wish, you may place any debts for collection using our contact us form . Please note, any debts placed are subject to our terms & conditions and you are bound by these.