Master Tech Lite and Master Tech Ultimate cater for firms and local authorities that have a demand to collect 30 or more outstanding accounts in one instruction. Below is a non-exhaustive list of situations and sectors suited to the aforementioned services:-

• Liquidator or administrator looking to maximise collection of the book debt of a company in liquidation or administration.
• Utility company with a need to reduce Days Sales Outstanding, (DSO), through collection of aged debt.
• Telecoms company with a need to reduce DSO through collection of aged debt.
• Bank or Finance House with a need to collect outstanding commercial loans or credit card debts.
• Wholesaler that has accumulated a large sales ledger of outstanding debts with a need to get a grip of the same.
• Local authority that needs to get on top of debt collection of commercial and sundry debts.
• Other businesses in terms of the number of accounts outstanding with a demand for large scale debt collection.

Master Tech Lite

A no collection, no fee service without any upfront costs.

If you are owed money it is important to start the debt collection process as soon as possible. Master Tech Lite is a fast, cost-effective entry-level debt collection solution that gets results.

There are no upfront costs. We charge a 7% commission on collection of a debt plus VAT for business-to-business debts up to 6 years old starting from £600, for all other debts no less than £200, we charge a 20% commission upon collection of a debt plus VAT.

The debt collection format is as follows:

1. Letter One gives the debtor a 7-day deadline to settle.
2. Followed where necessary by a Final Demand giving the debtor a 7-day deadline to settle.

Master Tech Ultimate

A no collection, no fee service without any upfront costs.

For more complex debt collection scenarios for business-to-business debts up to 6 years old no less than £200 we have Master Tech Ultimate. There are no upfront costs. This is a competitively priced comprehensive debt collection solution that aims to recover your outstanding debts fast.

The debt collection format is as follows:

1. Letter One gives the debtor a 7-day deadline to settle.
2. Followed where necessary by a Final Demand giving the debtor a 7-day deadline to settle.
3. Dispute resolution is limited to 2.5 hours of attendance per outstanding account.
4. Telephone/email collection.
5. Payment Plan management without a management fee.
6. Desktop liability investigation where necessary.
7. Document management includes sending the debtor copy invoices, delivery notes, contracts and any other evidence regarded as necessary for recovery of the outstanding debts.
8. Debt collection advice.
9. No trace, no fee.

Potentially Free to You

To each commercial debt placed we add late payment interest, late payment compensation and debt collection costs as per the Late Payment of Commercial Debts (Interest) Act 1998. As a result, if the debtor pays the costs added our collection is free to you.

Getting Started

We recommend you issue instructions to us in excel format. We also ask that you provide us with as much information as possible at the point of instruction including:

1. Debtor Name.
2. Debtor Contact Name.
3. Debtor’s last known correspondence address.
4. Debtor’s email address.
5. Debtor’s telephone number
6. Outstanding Balance.
7. The date the account became overdue.

Keeping you in the loop

For your peace of mind our reporting portal keeps you in touch with our progress 24/7.

Benefits to you:

• A professional service delivered by a market-leading established debt collection agency that will not damage your brand.
• Results-driven cost-effective extra resource.
• Time to focus on other important tasks.
• Free of charge debt recovery*.
• Prevent or eliminate a reputation of an easy target for buyers with no intention to pay on time or at all.
• An improvement in your cash flow.
• Reduction in DSO.

* We add our collection costs, debt interest and late payment compensation to the sum outstanding using the Late Payment of Commercial Debts (Interest) Act 1998, and recover this 60% of the time.

Call us on 01920 481467 to find out how we can help you collect your outstanding debts.