We're on a mission to reduce Bad Debt

Because we believe that no business should suffer as a result of late payment or bad debt.

About Ko-bolt

Founded in 2020 and based on decades of experience, Ko-bolt is a debt recovery company which specialises in getting suppliers paid quickly by making use of the latest technology whilst putting the buyer-supplier relationship at the heart of everything we do. We call it debt resolution.

Using a variety of media, we aim to immediately open up a dialogue with the buyer to give them the tools they need to talk. We empathise with the buyer and we encourage them to work together, we focus on expediting payment by offering expert advice and support on improving their cash flow so that they can pay quickly, and the buyer-supplier relationship can be maintained. 

Our CEO and Founder, Karl Hague, has spent his career in the credit insurance and collections sector, providing certainty in the form of credit insurance through to risk mitigation via debt recovery and collections. Using data analysis and AI, Ko-bolts’ aim for the future is to bring together what he describes as the three pillars of credit risk; risk prevention, risk management and risk mitigation.

"In a world where late payment is considered normal, our mission is to ensure that suppliers have the right tools to reduce their days sales outstanding, manage their cash flow and protect themselves from the risk of bad debt.

There's a cliff edge approaching when the furlough scheme comes to an end, and businesses will be making difficult decisions about who they can afford to bring back. I have been talking to a number of business leaders about this and it's clear that if it's a choice between sales and credit control, it's sales that will win - after all, without sales there are no problems for credit control to solve. This creates a hole in resources and when late payment inevitably increases, there will be no-one there to manage the process and bad debt levels will increase.

I believe the commercial debt collection industry needs to change. We need to help businesses to overcome the problems they face in light of the pandemic and the exit from the EU. What’s required is a sympathetic consumer approach to a commercial problem.”

Karl Hague, CEO & Founder

Get in Touch

We'd love to hear from you. Reach out today and let's discuss how we can help you to supercharge your cash flow