Aiming to recover debts within 1 week of taking up a case. They have also expanded their debt collection services for UK based companies to recover unpaid debts and maintain a good relationship with customers.
More information is available at https://tauruscollections.com/no-win-no-fee-debt-collection-agency/
Taurus Collections is a Derby, England-based commercial debt collection agency. They have over 15 years’ experience and the company has recently made some big changes to the services they offer. Over the last 15 years Taurus Collections has developed a client-centric business model that maximizes collection efficiency while maintaining a high standard of professionalism. In addition to the updated No Win, No Fee service, they also offer easy to use software, which allows clients to monitor the status of their case at any time.
According to official statistics, difficulties during the pandemic have resulted in small businesses in the United Kingdom being owed billions of pounds in dues. and this number has risen steadily during the last two years. The reduced cash flow as a result of these outstanding dues puts a considerable amount of pressure on the day-to-day activities of a business and can affect future planning strategies and limit company growth.
With these updated services Taurus Collections not only aim to receive any unpaid debts within one week of taking a case, they now offer additional help to help businesses maintain a professional and reliable relationship between businesses and clients.
Non-payment of invoices is critical for small and medium-sized businesses as they can be particularly vulnerable to cash flow issues. A recent report in Business Matters magazine, based on research by Intuit Quickbooks, showed that in September 2021, SME’s with one or more overdue invoices were owed over £21,000, an increase of 11% on the previous year. These late payments represent a significant proportion (approximately two-thirds) of their average monthly revenue.
The company now offers tailored debt collection solutions that can help small businesses, medium-sized enterprises, and large corporations speed up the recovery of overdue bills. The firm uses proven effective strategies for reclaiming unpaid debt. Their expanded debt collection services are designed to provide a risk-free, cost-effective, and efficient means of collecting UK commercial debts before issuing court summons and hiring lawyers. Taurus Collections steps in to mediate between the parties and works towards an amicable resolution. It also seeks to ensure that clients can continue to maintain a healthy relationship with their customers.
Using a debt collection agency has significant beneficial factors. A highly experienced team can help small businesses resolve overdue payment issues quickly and enable them to continue with their day-to-day operations.
Each business’s debt collection story is unique and Taurus Collections prides itself with over an 85% rate of success when settling overdue accounts for customers. It takes approximately one week for Taurus Collections to facilitate a debt payment, although for more complicated situations the average time is 28 days.
According to the company’s website, debtors generally pay the outstanding amount within a week of receiving a letter from Taurus Collections.
A satisfied client said: “I contacted Taurus to collect a significant debt from a difficult client after several weeks of chasing myself. Within two weeks, they had collected the full debt on my behalf. I was very impressed and will definitely be using them again if the same situation arises.”
Other updated services for Taurus Collections are aimed at helping companies ranging from small businesses to industrial giants become more cash-efficient and enable them to focus on core aspects of their operations. In addition to this Taurus Collections believes that third-party representation is the best approach to debt collection as it prompts the debtor to acknowledge the seriousness of the situation. Working with Taurus Collections poses no financial risk and many clients find using a debt collection agency a cost-effective method of debt recovery, before resorting to court and paying solicitors fees.
Taurus Collections’ website also offers useful guidelines on choosing a suitable debt collection agency.
More details are available at https://tauruscollections.com/uk-debt-collection-agency/
Taurus Collections has access to a range of services so they can track down debtors who are actively avoiding debts by changing addresses. This is particularly useful when trying to recover rent arrears. Tracing costs can be added to the debt, meaning no additional cost to the client. They can trace overseas debtors through their specialist low-cost International Credit Reports. They have an unparalleled global network and can collate quick, accurate and reliable information to assist with debt recovery.
Taurus Collections only accepts payment on the success of the debt collection. They understand the difficulty when businesses, especially small businesses, are under the pressure of chasing unpaid dues. Taurus Collections only accepts payment on the success of their debt collection. There is no financial risk to businesses seeking debt collection.
For more information on how Taurus Collections can help you and your business head to https://tauruscollections.com/
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