Unpaid debts can significantly impact your cash flow, but with Glenwood Commercial Debt Recovery, not only can you recover these debts, but you can also turn them into a profitable venture. Many of our clients are surprised to learn just how much money they can make through the interest accrued and fees paid for by the debtor, often amounting to thousands of pounds each month and our clients not having to pay us any fees at all. Here's how we do it.
The Hidden Cost of Unpaid Debts
When a customer fails to pay on time, it's not just the lost revenue that hurts your business. There are also hidden costs, such as the time and resources spent chasing the debt. By outsourcing debt recovery to Glenwood Commercial Debt Recovery, you can focus on your core operations while we handle the complexities of debt collection.
Interest Accrual on Outstanding Debts
One of the ways our clients benefit financially is through the interest that accrues on overdue debts. Under UK law, businesses are entitled to charge interest on late payments. This interest can add up quickly, especially on larger debts, turning a negative situation into a source of revenue. Glenwood Commercial Debt Recovery ensures that this interest is calculated accurately and applied correctly, maximising the financial return for our clients.
Recovery Fees Borne by the Debtor
Another significant advantage of using our services is the recovery fees that are often paid by the debtor. When we take on a debt recovery case, our fees are always charged to the debtor, meaning that our clients incurs minimal costs while still benefiting from professional debt recovery services. This not only covers the cost of our services but can also result in a financial gain for the client if our fees are collected.
Case Study: A Profitable Partnership
Consider one of our long-term clients, a large equipment hire company that was struggling with unpaid invoices totalling tens of thousands of pounds. After partnering with Glenwood Commercial Debt Recovery, they not only recovered the outstanding amounts but also accrued substantial interest and recovery fees. In one particularly successful month, they made over £15,000 profit from interest alone after Glenwood's fees had been paid by the debtors, turning a significant financial burden into a profitable outcome.
Maximising Your Financial Returns
To maximise the financial returns from debt recovery, it's essential to work with a professional and experienced agency like Glenwood Commercial Debt Recovery. Our expertise in navigating the legal landscape, combined with our efficient recovery processes, ensures that debts are recovered quickly and effectively. By doing so, we help our clients not only recover lost revenue but also enhance their financial stability through additional income from interest and fees.
If you're interested in learning more about how Glenwood Commercial Debt Recovery can help your business make money from unpaid debts, contact us today. Let's turn your unpaid invoices into a profitable venture.
Steven Murray
Sales Director
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