Based in the Midlands, the Cash Protection Agency seeks to help you collect your debts. Since the establishment of the agency back in 1993, we have been able to collect over £30 million in outstanding debts for our clients.
If you would like to get impartial advice on how you can collect your debts today, call us now on 0800 433 4113
Commercial debt recovery Coventry
Because of client leniency, bad luck among other factors, it has become a norm for businesses to find themselves with unpaid invoices. Sadly, because of the high fees that debt collection agencies charge and also for fear of demolition of ties between the business and the customer, most businesses prefer not to hire the agencies.
CPA works hard to make sure that we recover your money. Over the years since 1993, we have been able to recover over £30 million. While doing this, we also ensure that we go about our business in a professional and diplomatic way. This is why most of our clients are repeat clients that use our services regularly.
Our debt collection service
Q: Is it costly to secure your services?
A: Some agencies can be expensive because they charge a high set-up fee and also have recovery fees. Our fees are on a sliding scale determined by the age of the debt that you will be passing to us. We also don’t have a set-up fee which makes us more affordable.
For commercial debts, because of the EU late payment directive, we get our recovery costs from the other side.
Q: Will the dodgy bailiffs you use harass my customers and destroy the ties I have with them?
A: We hear this very many times but it is not true.
We only use bailiffs when necessary and we only use those that have been recommended after the court proceedings. Also, court action is usually a last resort for us. Debtors don’t like incurring additional costs and instead prefer to clear the payment or set up a plan. We are professional and diplomatic and we do our best to conserve the relationship you have with your customers.
Q: Can I collect on an invoice that should have been paid more than 2 years ago?
A: You can pursue debts that are up to 6 years old perhaps even longer but this will depend on the outstanding county court judgements. If you’re unsure give us a call or fill out the enquiry form.
Q: What if you fail to collect the debt?
A: Should we fail to collect on your debt which happens very rarely, we request for a discontinuance fee from £85. The same fee is also applicable if you decide to stop the debt recovery process.
Q: What if the debtor moved and the current contact information is not available?
A: We can help you locate the debtor with our tracing service. We partner with a team of highly experienced expert tracers and the chances of finding such an individual are usually 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