If you’ve been running your own business or involved in company accounts for any length of time you’ll know how difficult it can be to keep up with all the different financial tasks that need to be kept up-to-date. Even more so if you’ve ever run a small business you’ll certainly understand what it’s like managing the sales, the marketing, the invoicing, the bookkeeping, the VAT, the admin, the purchases, the accounts, etc. And this is even before we get to dealing with overdue invoices! It’s a fact of life that we’ll all one day have one of those customers who simply won’t pay for whatever reason – and this is where you may need the services of a debt collection agency. Maybe your customer is just doesn’t want to pay or perhaps they’re just one of those irritating companies that avoid paying anything they can get away with. Whatever the reason, it might be time to type ‘debt collection Sheffield’ or ‘debt collection agency near me’ into the search engine.
Even if you’ve never needed to use the services of a debt collection agency, it’s very likely that one day you will. A debt collection agency is an independent company who job it is to recover money owed to your business on your behalf – agencies that specialise in collecting debt where the original creditor cannot get arrears paid by themselves.
Business to business debt collection agencies can take the stress out of chasing your debtors. And problem debtors are a big problem according to a recent report – it’s been estimated that 63% of small businesses are struggling with late payment issues at any one time and this is only likely to get worse during the Coronavirus lock-down as unemployment rises and businesses increasingly struggle here in the UK and further afield. It has probably never been more important to stay up to date with invoices by making sure they are constantly paid on time. Small problems can sometimes snowball and cash-flow problems are something that can cause even the most profitable businesses to struggle.
If you do feel you would like some help chasing your debtors, and need a debt collection agency in Sheffield, give Collective Solutions 4 Business (CS4B) a call on 0114 231 6080. With many years’ experience providing the full range of bespoke debt collection agency services such as debt recovery, credit control, debt collection, invoicing, tracing, and company reports, they’re on-hand to help you get your finances back on track.