As a business owner you need to make sure that your company is sending out invoices as soon as work has been completed and that these are being paid on time. An unpaid invoice can cause many issues, and crucially, costs you time and money.

Unfortunately, unpaid invoices can be a problem for many businesses, with customers either taking longer to pay or simply not paying at all. Late invoices take time to chase and can affect your productivity, company forecasting and figures.

Ultimately using a debt collection agency in London to recover any outstanding debt can be an extremely cost effective and less stressful way of managing the problem of late payment.

By using K2 Collections we have the knowledge, time and skills to get what you are rightfully owed and take measures that you wouldn't necessarily have the time or resources to enforce. This gives you time to focus on paying customers and provide them with the best possible service.

Why You Need a Debt Collector

If you are constantly sending reminders and statements that are being ignored, then that is the time to instruct a debt collection agency. Most reputable agencies will not charge a fee unless they are successful. Given the high costs associated with taking court action, employing a debt collection agency makes sound financial sense.

It is understandable that any business owner may feel that there is a risk involved by using a debt collection agency. Often, people feel that it makes the situation complicated and can risk the image and reputation of the company. However, as long as you use an established agency which is a member of the Credit Services Association (the main professional body for debt collection agencies), you can be assured that all communications and interactions will be handled in a professional manner and in accordance with current legislation and regulations.

It is also advisable to use a company that does not require any up-front payments and works on ‘no collection - no fee’ basis, as this provides reassurance that you won’t have to pay for a service that does not yield results. K2 Collections are proud to offer this guarantee.

If you need help recovering an unpaid invoice, please don’t hesitate to get in contact with us today.