Business Debt Recovery

Business Debt Collection Services

When business debts are unpaid, it can be a serious problem for the business to whom the money is owed. Even large companies can quickly start to struggle when their business debts aren’t paid in full or on-time. Here at CEA Limited, we can provide a complete range of business debt collection services to suit your needs. For business debt recovery you can trust, call CEA today.

Any business that fails to manage and recover its business debts quickly and efficiently is at risk of suffering monetary worries. Whether you’re owed debts by another business or by a customer, you can’t afford to let them go unresolved. Business debt collection is an essential service for companies of all kinds.

Here at CEA Limited, we’re proud to offer a complete range of business debt recovery services for all our clients. If you’re owed any kind of business debt, don’t hesitate to call our experienced team of bailiffs and business debt collectors today.

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Contact us today on 0845 643 0635 or email to see how we can unlock your business debts.

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Business Debt Recovery

Thanks to our many years’ experience, CEA is able to carry out an efficient and effective debt recovery process. We are proud to offer this service to you, the creditor, for a low fee. Our debt collection team will start the process straight away to help you recover the money you’re owed.

In order to begin the business debt collection, all we require are copies of your unpaid invoices or other evidence of the business debts, and we’ll take over from there. Our debt recovery services are extremely cost effective and you can rest assured that you’ll receive a professional service from start to finish.

CEA Limited is proud of our reputation as one of the UK’s leading business debt collectors. We will begin to collect your debt as quickly as possible, and keep you informed as to the progress along the way.

Our Business Debt Collection Process

At CEA, we’re proud of our pre-judgement business debt collection service. We make full use of the legislation to collect on business debts, including a reasonable recovery cost. That means we’re legally able to reclaim late payment charges from the debtor, enabling us to charge a low commission rate to you, the creditor, for our services. This applies to all debts or invoices sent to limited companies, PLCs and LLPs.

It is incredibly easy to start our debt collection process. Simply send over copies of the invoices or debts you are owed and instruct us to start collection. We will forward you a copy of our terms and conditions and, once these are returned, we’ll get to work! To start our business debt recovery process, use our simple online contact form today!

Initial Business Debt Letter

Our team of certificated enforcement agents will conduct a brief investigation to establish the debtor’s business, including trading status and financial position. If they are eligible to be claimed from, we will send out the initial 7-day letter of demand for the debt and the late payment fees.

This is only the first step when it comes to collecting on a business debt. Often a debtor will agree to pay the debt at this point but, if they refuse or do not reply, our certificated enforcement agents will progress to the next stage of the collection.

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No Response to Business Debt Collection

In most cases, simply the fact that you’ve passed the debt on to a collection agency will be enough to get the debtor to pay their invoice. In this case, your money will be kept in our client account for two weeks (14 days) before being transferred. This is to comply with insolvency legislation.

If no contact has been made following the letter’s delivery, we will call the debtor and send a final demand letter via email. In most cases, this final point of contact is enough to convince the debtor that they need to pay you. This also gives us the opportunity to directly discuss the debtor’s situation and, if possible, come to an alternative arrangement. This can include anything from partial payment to staggered debt payment.

We’re also able to manage any agreed upon payment plans, ensuring that you receive the full amount of your debt. As part of this phone call, we’ll also verify whether any further action would be successful. If the debtor has no belongings which are eligible to be seized by our bailiffs of business debt collectors, it is pointless pursuing them in the traditional manner.

Moving Forwards with Business Debt Recovery in the UK

Once we’ve exhausted all our initial approaches, we will continue to attempt to collect on your business debt. Our specialist CEAs will get back in touch with you to discuss the next appropriate course of action. We will give you our honest opinion regarding the outcome of any potential court action and, if we don’t think you’ll be successfully (for one reason or another) we’ll recommend that you don’t pursue the debt further.

Wherever possible, we will help you to claim the full amount of your debt. However, due to other circumstances such as a business going into liquidation, et cetera, you may have to accept a percentage of the debt, or simply write the debt off completely.

If you choose to purse business debt recovery and collection through the legal system, we will always discuss the costs beforehand. If you’re serious about pursuing a business debt through the UK courts, read more about the County Court Judgement and High Court Writ Process here!