Commercial and Business debt recovery is the process of chasing businesses to pay back the money they owe. This debt collection process need not be strenuous or time-consuming on your part as we can handle the process from start to finish. If your clients are not paying or are slow payers then a commercial debt recovery plan should be on your agenda to allow for the full recovery of monies owed.

As expert commercial debt recovery agents, we promote amicable debt collection procedures to recover the unpaid invoices whilst at the same time retaining good relations between parties where possible. We work hard to chase and recover outstanding debts quickly and cost-effectively.

Debt collection can take up valuable resources from a time and manpower perspective so we offer many years of debt recovery experience and a specialized skill set so you can concentrate on developing and growing your business. We also provide consultancy and advice so you can have credit control procedures in place which can often stop bad debts and many other financial problems before they happen.

Our Clients range from sole proprietors to small and medium-sized businesses who work with us to ensure that they benefit from our debt collection and recovery experience and knowledge.

Commercial and business debt collection can often be a minefield for all businesses and when not managed correctly can lead to cash flow and bad debt issues. Here at Premium Collections, we make it our mission to ensure you get paid on time, every time.

We can confirm whether a business is paying its other creditors on time and complying with Companies House regulations in addition to whether they are profitable or not. If you take legal action internally or wish to pre-vet potential customers then the results of the report could save you time and money.

We can also prepare reports on individuals to include whether they have any prior history of insolvency and if they own their property. Read more…

Instructions are loaded to the collections system on the day of receipt (if before 4pm) and a letter sent to the debtor. Experienced telephone collectors then take over the collection activity.

Premium Collections Limited does not employ power dialler technology, collections staff are allowed time to negotiate with the debtor to pay their debt in full or by a payment plan in the shortest time possible.

If an invoice has not been paid within your specified terms, Premium Collections Limited can, with your agreement or subject to your own contractual terms and conditions, apply late payment charges and/or interest as stipulated by The Late Payments of Commercial Debt (Interest) Act 1988.