Debt Recovery – Business to Business Debts

We are able to collect Business to Business debts that fall outside of pure commercial rent, service charge and insurance arrears. Once the instruction is received, a debt recovery agent will be assigned to your case. Our agent will chase the debt for one month by post, email and telephone. If required and where authorised, a visit may be necessary.

To instruct us to collect your Commercial Debt - Click Here

 

Our main focus is to collect the debt in full or put a sensible payment arrangement in place. CMD do not charge any administration or up-front costs for implementing this type of service. There are commissions deducted from any monies successfully collected:

• Debt value £0.01-£5,000.00 = 15% + VAT deduction on all monies successfully recovered
• Debt value £5,000.01-£10,000.00 = 8% + VAT deduction on all monies successfully recovered
• Debt value £10,000.01 and above = 5% + VAT deduction on all monies successfully recovered

Please be aware that passing additional costs to debtors when collecting the debt is not possible until the matter has been to court.

To instruct CMD to act on your behalf, please click on the instruct us PDF, complete the simple form and submit back to us by email. CMD will acknowledge receipt of your instruction and send you an email to confirm our debt recovery notice has been sent to your debtor by writing to them via Royal Mail, also electronically where a valid email address is supplied.

Where CMD report no positive result after completing our letter, email and telephone stage, a doorstep recovery agent can be instructed to attend the premises and meet the debtor in person to discuss the debt face to face. The doorstep recovery agent attendance service is not free of charge or included in the recoverable commission percentage amounts detailed above. Costs for this type of attendance are dealt with on a case by case basis.

Subscribe to Our News Letter

Subscribe to Our News Letter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Pin It on Pinterest

Share This