Award-winning debt collection

For a FREE quotation call 0333 456 0374

Debt Collection Master

The solution for debts which have been outstanding for over 40 days

Collecting debts quickly

Master Collections has a track record for collecting debts quicker than solicitors and where other debt collectors fail.

Subject to a Debt Collection Passport, customers will receive an award winning no collection no fee service for a period of five years, with the following benefits per outstanding account: -

  • Two letters (letter of claim and if needed a final demand)
  • One telephone call
  • Dispute resolution to help resolve disputes
  • Credit referencing and Risk Tracker
  • Telephone collection, enabling debtors to pay with a credit or debit card over the telephone
  • Recovery advice (assessing likelihood of collection against collection options such as liquidation and bankruptcy as opposed to County Court proceedings).

Look at the key benefits:

  • Save time and focus on developing new business while we chase your debts.
  • Improve cashflow with our efficient debt collection solution.
  • Reduce the risk of bad debts.
  • Compliment existing invoice discounting with our debt collection solution to sustain monthly advances because very little ages beyond 60 days.

A few of the successful cases we have worked on include:

  • 95% Recovery rate achieved for BDO in connection with debts up to 3 years old that were not collected by a previous debt collector.
  • Recovery of a 3 year old debt from one of the biggest software suppliers in the world that a solicitor could not collect.
  • Recovery of a 14 month old debt from a debtor in Jersey that prior to Master Collections involvement broke countless promises to pay thinking he could not be got at. We got him because we know the legal process in Jersey.
  • Recovery of a 4 year old debt including interest at 30% per year.

Call us on 0333 456 0374 to find out how we can help you collect your outstanding debts.

CASE STUDY

BDO

The world's fifth largest accountancy organisation, with more than 1,400 offices in over 154 countries.

BDO as a result of their appointment as administrator for a electrical distributor instructed Master Collections to collect seven aged debts with an average age of three years and combined value of £4500. Master Collections developed a bespoke process in consideration of the difficulties collecting stale debts.

Instructions were received in bulk format electronically and letters of claim sent out subject to BDO's approval. BDO were allocated an experienced account manager that is a Legal Executive who reports at each stage of the process. It became clear after achieving a nil recovery rate from the first letter that there was a need to escalate proceedings.

As a result of the experience and expertise of the account manager Master Collections formulated an effective strategy that achieved a high success rate. In just 3 months Master Collections collected 95% of the debt instructed without the cost and stress of legal proceedings.

What our client said
As Joint Administrators of an electrical distributor we were presented with the remains of a significantly aged debt ledger following a successful collect out by the incumbent invoice discounter. We approached Master Collections and, due to the anticipated difficulties of collecting aged debts, agreed a no collection no fee process.

Despite the ageing of the debts Master Collections were able to achieve a recovery rate of 95%, over a short period of time, representing an excellent return to the Administration estate. The speed and flexibility of the approach taken by Master Collections, coupled with the excellent recovery rate, has provided us, as Insolvency Practitioners, with a relatively risk free and efficient solution to a difficult debtor collection
William Turner, Business Restructuring Director, BDO (UK)

Debt collection for insolvency practitioners

Key sectors

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Feel free to drop us a line

Please get in touch if you want to get more information about any of our services, or to discuss an outstanding debt and how we might be able to collect it for you. Please call us or complete the form below and we'll get back to you.

  • 63 The Maltings, Roydon Road, Stanstead Abbotts, Ware, SG12 8HG
  • 0333 456 0374

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