Commercial Debt Collection

Switch on your cash flow with Ko-bolt

The commercial debt collection experts

Commercial Debt Collection

Commercial debt collection can be difficult for businesses of all shapes and sizes, especially combined with the late payment culture that exists in the UK. Not all businesses have a dedicated resource for collecting overdue accounts. They may be a ‘start-up’, only have a small number of customers or they may have so many customers that the resource doesn’t cover them. Whatever the business size or use case, there’s a solution to resolving late payment and bad debt. A new breed of commercial debt collection, we call it debt resolution.

Debt is stressful for both buyer and supplier. Concerns about damaging customer relationships and losing vital future business may make you think twice about using a debt collection agency, but that’s where we come in. We specialise in commercial debt resolution; our approach is firm, but fair. We get to work in under 24 hours and once we have identified the issues that are causing the payment delay, we quickly work towards agreeing a way forward that works for all parties. We work on the understanding that companies owe money but people pay bills.

To find out more about commercial debt collection and our innovative approach, visit our dedicated blog.

Why businesses use Ko-bolt?

With so many debt collection agencies in the market, why choose Ko-bolt?

We're specialists

We don't offer consumer debt collection. By specialising only on commercial debt collection, we can deliver the best service and the best results.

Fair approach

Our debt collection process focuses on the buyer-supplier relationship. You can expect swift recovery and the opportunity to engage in future trade.

No collect, no fee

Our service is always offered on a no collection, no commission basis. You only pay if we're successful in securing payment. Sound fair?

We get results

Our innovative and personable debt resolution service has a success rate of 82% and most debt is collected within 3 weeks of placement.

Global resource

Collection services in native languages are available in 147 Countries thanks to our network of local agents.

Assign in minutes

With our innovative online registration and placement tools, you can place a debt in as little as 5 minutes.

Our tech

We use specialist email tracking software which allows us to see when an email has been sent, delivered, opened and how many times, influencing how we approach the customer for payment.

Customer care

We’re here for you and your business. Ko-bolt’s friendly customer service team is here to help via phone, email and live chat.

The environment

Traditional debt collection uses vast amounts of paper in the onboarding, debt placement and collection process. Our email first policy helps us reduce the use of paper and our carbon footprint.

Not sure if you need us?

The true cost of a bad debt

The average profit margin for a business in the UK is 10% according to the office for national statistics. If the average business suffers a loss of £10,000, it would result in them having to do an additional £100,000 turnover in order to offset the loss. For the average SME, this figure is simply unachievable often leads to business failure.

Using the sliders in our bad debt calculator, you can see how much additional turnover would be required to offset your late payment if it becomes irrecoverable.

Using our NEW quick quote tool, you can find out what interest you're entitled to and what it would cost for us to collect your outstanding debt.

3 simple steps to getting paid

Register

Registering with Ko-bolt is free of charge, there are no joining fees, annual fees or debt placement fees, so you only pay when we collect. What’s more, as per the Late Payment of Commercial Debts Regulations 2013, collection costs and interest are payable by your buyer. We add our costs to the account and when we collect them, there’s no cost to you. Any interest we recover is 100% yours.

Place your debt

Once you've registered, you can start working with Ko-bolt right away. You’ll need to provide us with copies of invoices and/or an up to date statement of account. You can drag and drop these documents into Ko-bolt’s online debt placement tool. We’ll only contact you if we need additional information or we’re unable to help (e.g. if we identify that the buyer is already insolvent at placement).

Get Paid!

Provided we have everything we need, we'll get to work within 24 hours and we hope to have collected the debt within 21 days. Once we've collected your money, we want you to make use of it, so we remit cleared funds every other week, which is twice the average for the industry.

Straight forward pricing

UK Commercial Debt Collection

No Collection, No Commission

10%

Fast turnaround
Focused on client retention

International Debt Collection

No Collection, No Commission

15%

Local agent fees may vary
Available in 147 Countries

As a result of the Late Payment of Commercial Debts (Interest) Act 1998 and the The Late Payment of Commercial Debts Regulations 2013, collection costs and interest are payable by the buyer. Therefore, when we collect them, there’s no cost to you.

What our customers say

“We reached out to Ko-bolt following a recommendation from our Insurance broker to help us collect a debt owed that we were unable to recover. We spoke to Karl, who was very easy to deal with and he had a clear and measured approach to our need. The online process to register a debt was very simple. His experience and knowledge in this field is expansive and he really put us at ease throughout the entire process. He even helped us design and develop some useful documents to help us in the future. Great work and you have my full endorsement !!!”

"Debt placement was a simple activity which was appreciated. The debt placed was relatively large, and had caused problems for nearly 18 months, made more complex by the US headquarters of the debtor. The resolution however, was met within a matter of 3 weeks and at full resolution. Funds were then transferred from Ko-bolt within hours of receipt and confirmation. I must highlight a unique feature of the Ko-bolt model that I believe greatly aided the result and the speed of resolution, is the email tracking software. This feature means it is impossible for the debtor to deny sight or receipt of the legal notifications or cause unnecessary delays. It shows how many times the emails have been opened, forward, read and when these have been forward to other outlets. At all points, I was kept informed of progress. This will mean future engagement and placements."

“In my career as a Credit Manager, I've worked with several debt collection agencies and I have to say that Ko-bolt has delivered the best results for me and my team. The placement process is very quick and simple. The success rate is high and thanks to the buyer-supplier focused approach, we have been able to maintain the relationship with our customers. I have no hesitation in endorsing and recommending Ko-bolt for your debt recovery needs and I have already done so to a number of people in my network. Keep up the good work guys!”

"As a credit insurance broker, I always recommend Karl and the team at Ko-Bolt for insured and uninsured debts. They get to work on what's owed immediately and have an incredible success rate. Thanks, Karl!.”

Working together with:

fraud prevention, debt collection, debt collector, Reduce Bad Debt

Commercial Debt Recovery

Let us take the heavy lifting out of chasing late payment

Click here to find out more

Legal Debt Collection

Sometimes there's no other option

Click here to find out more

Risk Solutions

Risk solutions you can count on

Click here to find out more

Got questions? We're here to help

Commercial Debt Collection

Switch on your cash flow with Ko-bolt

The commercial debt collection experts

Commercial Debt Collection

Why businesses use Ko-bolt?

We're specialists

Fair approach

No collect, no fee

We get results

Global resource

Assign in minutes

Our tech

Customer care

The environment

Not sure if you need us?

The true cost of a bad debt

Using our NEW quick quote tool, you can find out what interest you're entitled to and what it would cost for us to collect your outstanding debt.

3 simple steps to getting paid

Register

Place your debt

Get Paid!

Straight forward pricing

What our customers say

Working together with:

Our Services

Commercial Debt Recovery

Legal Debt Collection

Risk Solutions