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info@liquidrecovery.co.uk
Tel: 0113 268 5768
Fax: 0113 268 5723
NO RECOVERY
NO FEE
Prevention is better than cure
How to help your cashflow
We can review your credit control Systems or put one on place.
We maintain your relationship with your clients
This week's top tips are:
1) Check your terms and conditions.
2) Have the right system in place for your business.
3) Chase all debts outstanding for more than 60 days.
Email us to find out more on how we can help:
info@liquidrecovery.co.uk
Remember
NO RECOVERY, NO FEE
We get the debtor to pay late payment interest and compensation.
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Debt Recovery Services making the cash flow in your business
Customer/Client not paying?
Is it because you have gone to the bottom of the pile and they are not taking you seriously. They know all you will do is chase them again and they will ignore you again or worse still claim the cheque is in the post.
Be Serious about recovering your debts. Let Liquid Recovery make your cash King.
NO RECOVERY NO FEE
- No Recovery No fee works by you giving Liquid Recovery your outstanding invoices. We guarantee NOT charge you for doing any pre-legal work in recovering your money.
- But as we charge the debtor late payment interest and compensation you can keep approximately 95-98% of your book debt!
- If you want to know more please contact us.
To Factor or not to Factor?
Factoring is seen as a quick and easy way to replenish your business with cash in quickest possible time. However, this financing option is not all hassle free and has its disadvantages too.
Disadvantages
The biggest disadvantage is it makes the process complicated as it acts as an extra link in the process.
- In case the customers do not repay the money, you have to pay their amount entwined in factoring.
- It is useful for companies with disputes and queries.
- The ambit for borrowing gets narrowed, as account receivables will not be available for security.
- Factors may want to get your customers examined and may have influence over your ways of doing business.
- It is costly than other sources of finance though it is competitively priced.
- Few customers don’t want to deal with a third party and are not interested in factoring.
- These signs are often hard to pin down, but they should not be ignored.
- Trust your instincts and act on your concerns. If one or more of the following sounds familiar, alarm bells should be ringing.
Advantages
- It is among the quickest way to get advance cash.
- Overhead charges get automatically reduced with the cut in invoice processing activities.
- The business owner becomes free of various other obligations connected with the invoice processing like depositing checks and entering payments.
- By undertaking the task of debt collection it helps the company in concentrating over more value added activities.
- The real advantage is to instruct Liquid Recovery to act as your credit controllers leaving you free to work on your business.
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