Debt Recovery for Sole Traders

Our Sole Trader Experience

5,000+

We've helped hundreds of clients like you to recover debt

£16m

Monies recovered for our sole trader clients

38 days

Average time taken to recover unpaid debt for sole traders

Commission only charged on monies recovered

Our rate remains the same whether it takes us a single day to recover your debt or an entire year. It’s in our interest to act as quickly as possible.

All Services

Ancillary Services

Our ancillary services are available to all our clients. If a case requires a specific service such as legal action or debtor tracing, the associated issuing cost will be explained to you before any speculative action is taken and we will require your express instruction before undertaking any fee incurring work.

No collection, no commission

In most cases, our typical commission rate is 15%, and we only charge commission if we successfully collect. Which means we’re fully focused on getting results.

Dependent on our clients’ terms and conditions, or relevant legislation, costs may also be recovered where we are legally able to do so.

Easing the burden

Credit control can be a time-consuming process. For a small business, there simply aren’t enough hours in the day to dedicate to chasing debt, while even larger companies with credit control staff frequently need a hand with stubborn debtors. Which is where a partner with experience, expertise and a persistent, professional approach can prove priceless.

Above and beyond

For cases requiring additional lean, we are vastly experienced in knowing the right kind of legal action to instigate against your debtors. We drive forward legal action in-house, saving our clients from over-involvement.

Unlike other debt collection agencies, we also retain a panel of expert, highly regarded solicitors, and insolvency practitioners. Which all adds up to a professional, respectful, and highly effective solution to your enforcement needs. One offered at exceptionally competitive rates, and one that dovetails neatly with our core debt recovery services.

Communication and reporting

A dedicated account manager is assigned to every one of our clients. Each has extensive experience, and all will respond to debt referred requests on the same day, quickly getting up-to-speed on the case and establishing a dialogue with you as soon as possible. In addition, we supply regular reports with 24/7 online access to your case readily available.

No joining fee or long term contract

Unless requested, we won't ask our cloients to enter a fixed term contract and we won't charge a joining fee. To be honest, we want our clients to return for the quality of our results-driven service, rather than being contractually obligated to do so.

Helping you grow stronger

Easing the burden of chasing debt leaves you free to focus on what you do best. Growing your business. Your brand will benefit with improved cash flow enhancing your reputation, building respect in your sector, and ultimately helping you grow stronger as a business.

'We appointed Redwood Collections to help us retrieve monies owed and they were great from start to finish. They were never pushy and were always professional and offered great advice.

Unlike some debt companies we have used in the past which when using it took great expense and time and took its toll on both our business and our health. Redwood was brilliant and it took no time at all to get the monies owed. Simple and efficient!

We shall definitely be using them again if required and advise others to do so if they need help.
Great service, friendly and professional service.'

DVB Hire

'I had an unpaid invoice from a client and after several attempts via phone, mail and email I had zero response and had to pass the debt on to Redwood Collections.

It was easy to chat to them and after sending all the evidence required, they got straight onto it and issued the client the necessary paperwork within 24 hours. They were on the case and a week later, I received a phone call to say they had received the payment in full.

Brilliant service and will definitely use again.'

Libra Carpet Care

'I am a small plumbing and heating business from Oxford. I had been contracted by a builder to complete a full refurbishment of the plumbing and heating in a 3-bed house he was renovating. The final payment was reduced by him by £700 for snagging. After 3 months, no snags had been brought forward. I asked time after time for payment to be made but I was ignored.

The builder agreed that the amount owed was correct, and after 5 months told me that the bill would be settled within a week. After getting fobbed off for another 4 weeks, I contacted Redwood Collections. After explaining my case to their agent, I was able to leave the case in their capable hands.

The builder still did not plan on paying, but eventually, he did pay. After 7 months of waiting, I finally received payment. I now recommend Redwood weekly to any other tradesmen who are in a similar situation.'

Huckin & Co

REDWOOD COLLECTIONS

Refer a debt

To recover bad debts from non-payers, simply turn to the team who have helped many others in your position recoup what they are rightfully owed.

LET’S GET STARTED

The impact of an unresolved debt

Our interactive calculator helps you understand the financial impact of keeping a debt on your ledger and the costs involved in managing or collecting it.