An Effective Approach to Debt Collection

An Effective Approach to Debt Collection

Collecting debt on a business level...

Our commercial debt department is highly experienced in handling debt recovery from small businesses to international commercial enterprises. We specialise in taking complete control of the case, quickly understanding the business dynamics and driving through measures to achieve swift resolution. Clients can get on with their day-to-day business, confident that Redwood Collections is successfully handling its credit management and late payment issues.

Members of the Credit Services Association, we have extensive expertise in both direct collection and legal action against debtors. From initial telephone calls through to issuing Winding Up or Bankruptcy Petitions, we pride ourselves on achieving up to 80% pre-legal success rate across 90% of our commercial clients.

An approach that gets results

Our professional and detailed approach to each case often unearths the real reasons behind non-payment. Every commercial debt is treated individually and our dedicated account managers will liaise with clients to ensure a business sensitive or entirely third party approach is adopted where required. In many circumstances we can mediate a resolution and negotiate a mutually agreeable settlement for both parties. If a resolution is not forthcoming we will quickly escalate to a Statutory Demand as precursor to full insolvency proceeding or County Court Action for smaller or disputed debts.

Redwood Collections undertakes commercial debt recovery on a ‘no collection, no commission basis’ with typical commission rates of 15% of the sum collected subject to debt scale and negotiation. We regularly implement the Late Payment of Commercial Debts (Interest) Act 1998 on commercial debts. This can partially offset any irrecoverable collection costs to clients and may absolve these costs entirely on low value debts.

Call us on 0208 288 3555 for more information and let us help recover your debt

Get in touch right here - 0208 288 3555