Let Budget Plan help you to help your self employed and business clients improve their cash flow

Budget Plan has identified that many good business models are suffering due to cash flow strain caused by increased bad debts or late payment of invoices. Budget Plan has partnered with a debt recovery and debt collections specialist which could provide your clients with the cash injection they need to improve cash flow.

Debt Recovery Services

Budget Plan’s debt recovery partners have been carefully chosen after thorough due diligence as it is recognised that reputation is critical to you and us. Our partners operate under a strict code of conduct as set by the Credit Services Association (CSA) and operate in a professional and courteous manner whilst having a proven track record for achieving high recovery rates and excellent customer satisfaction results. Collection fees are agreed on instruction with your client dependent upon age and type of debt with commission paid upon results.

Accounts Overdue Collections

Whether the invoices outstanding be in the UK or international we can help your business clients improve their cash flow and recoveries. Budget Plan’s debt recovery specialist can approach an overdue invoice or outstanding debt with a more assertive approach and with more authority as a third party expert. Whist your clients debtor will be treated with respect and all recovery techniques are compassionate, debtors generally react positively and pay in full more quickly compared to when dealing with the suppliers credit control department.

Sales Ledger Management

Budget Plan’s Sales Ledger Management facility allows your business clients to have their accounts receivables ledger processed for them (either in part or full). It can be an effective method of unlocking cash tied up in the business through unpaid invoices. Our facility can be used permanently or simply during the businesses seasonal peaks.

Litigation

On occasions our debt recovery partners will recommend legal action as a method to recover monies owed to your client. The in house legal team will ensure that all necessary court papers will be processed through to judgement and if necessary enforcement, whilst keeping costs to a minimum. Although recommendations for legal action will be made at all times your client makes all decisions in this respect.

Skip Tracing

Often businesses are forced to write off debts and overdue invoices as they have lost contact with debtors where they have moved address or “skipped” without settling their debts. Our Debt Recovery Partners have an efficient tracing service which can help your clients initiate contact and help recover bad debts. This service can be organised on a no success no fee basis.