The Cash Protection is a Midland based Agency that was established in 1993. Since opening, we agency have collected in excess of £30 million in debts for our clients.

With us, you will only pay when we recover. We don’t ask for any upfront costs or any set-up fees.

If you would like more information on how you can collect your debts today, you can reach is on 0800 433 4113.

Business Debt Recovery Sheffield

When it comes to business client leniency lead and lack of time can lead to unpaid invoices. Unfortunately, even with the hard situations, most businesses prefer not to hire a debt collection agency because of high costs and the potential to dent customer relations.

We have helped our customers collect in excess of £30 million in debts since we established the business in 1993. During the recovery process, we employ a professional and diplomatic process that has been largely successful. We recover your debt without affecting the relationship between you and your customers and as a result, we have a number of repeat customers.

Our debt collection service

Q: Isn’t it cheaper to write off the debt than hiring your services?

A: Most of the debt recovery agencies attach a set-up fee in addition to the money that they will make once they have recovered the debt. In our case, there is no set-up fee charged. Additionally, we employ a sliding scale that is transparent and dependent on the age of the debt.

If the debt being recovered is a commercial debt, then our costs for the recovery are catered for by the debtor according to the EU late payment directive.

Q: Won’t my customers be subjected to harassment by your bailiffs?

A: There are isolated instances in which this has happened. However, it has never happened with us.

If we have to use bailiffs it is only when court action is absolutely necessary and we only use County Court bailiffs or High Court Sheriffs. In most cases, it never gets to this because debtors prefer not to have the cost of the court process added to their debt.

Q: Can you collect on an invoice that should have been collected two years ago?

A: Yes it is possible. Invoices that are up to six years old can be collected if you have been chasing for that duration. However, you will need to refer to the county court’s judgement for invoices that are over six years old. You can also get in touch with us to find out if we can collect your unpaid dues.

Q: Are there instances where you can’t collect a debt?

A: While we have a very impressive success rate, there are certain debts that become impossible to collect despite our best efforts. In such cases, we only ask for a small discontinuance fee.

Q: What if the debtor moves and I don’t have the new contact information?

A: It is possible to locate the debtor that has moved with the help of our tracing service. We work closely with expert tracing experts who have a significant success rate.

Our Charges

Aged debt up to 6 months: 15%

Aged debt 6 to 24 months: 17.5%

Aged debt 24 months plus: 25%

Minimum charge: £65- £200 dependant on debt value

Discontinuance fee: £85 – £200 dependant on debt value

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Testimonials

NHS
Having used Cash Protection Agency since 2002, we have always found them to be effective and efficient. The debts we submit for collection services are almost without exception difficult, problematic, personal debt cases where we have exhausted all possibilities in-house, yet, Cash Protection Agency Ltd always rise to the occasion and their success rate has been high. Their staff are always courteous, helpful and professional, and work in the spirit of partnership with us providing good advice and support.

A Senior Finance Manager in an NHS Trust in the West Midlands