The Cash Protection Agency has been trading since 1993. During its time in existence, the agency which is based in the Midlands has helped clients recoup over £30 million in outstanding debts.
Call us today on 0800 433 4113 and get free impartial advice on how you can recover your unpaid debts.
Commercial debt recovery Bedford
In business, it is completely normal to have some unpaid invoices. Usually, this can be as a result of too much customer leniency, some bad luck when picking customers or simply lacking time to follow up on those that have not made payments. Because of the fear of the high costs that come with the debt collection agencies and also the impact their involvement might have on the business to customer relations, it is normal for most businesses to opt not to secure these services.
At CPA, we have successfully recovered over £ 30 million in unpaid debts for our clients. During the process, we do our best to ensure that we maintain a diplomatic yet professional approach and most of these clients are now regulars that secure our services repeatedly.
Our debt collection service
Q: Is it expensive to use your debt collection services?
A: unlike most debt recovery agencies that charge a premium set up fee, our fees are on a sliding scale that is predetermined by the age of the dept. We don’t have any set up fees which makes our service more affordable.
For commercial debt recovery cases, we are usually able to recover our costs from the other side because of the EU late payment directive.
Q: Will you not ruin my relationships with the customer because of using dodgy bailiffs?
A: a lot of clients believe this but it is untrue.
Court cases are an absolute last resort. They are rare because of the fear of the additional cost that comes with seeking action through the court. Should it come to this, we use bailiffs that have been approved after the proceedings of the court. We will normally negotiate with debtors and some will make the payment in full. Others might opt to set up a payment plan. We always strive to save your relationship with the customers.
Q: I have an unpaid invoice due 2 years ago, can it be collected?
A: Yes. It is possible to recover unpaid invoices dating back up to 6 years. But, this might depend on the outstanding court judgements of your county. You can give us a call or fill out an enquiry form to be advised if your debt can be collected.
Q: What if you can’t collect the debt?
A: In isolated and very rare circumstances, we might fail to be able to recover the debt. However, in such cases, we only ask for a discontinuance fee from £85 to cover the work we have done.
Q: What if the debtor moves and does not share the new contact information?
A: we offer a trace service together with some highly trained and experienced trace experts that help to locate such people. The chances of being able to track down such a person are very high.
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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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