Debt Collection Maidstone
Ko-bolt Debt Collection Maidstone?
We believe the commercial debt collection industry needs to change and we need to help businesses to overcome the problems they face in light of the pandemic and the upcoming exit from the EU. Maidstone based Ko-bolt specialises in getting suppliers paid quickly whilst preserving relationships with their customer, the buyer. The process is firm, but fair and we aim to immediately open up a dialogue with the buyer across a variety of media to give them the tools they need to talk to us.
Because we work with the buyer to expedite 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, we like to think of it as debt resolution.
Our debt resolution service has no joining fee, annual fee or placement fees. And, what’s more, as per the Late Payment of Commercial Debts Regulations 2013, collection costs and interest are payable by the buyer. We add our costs to the account and when we collect them, there’s no cost to you and any interest we recover is 100% yours.
Our service is always offered on a ‘no collection, no commission’ basis, so if you don’t get paid, neither do we – sound fair?
Why businesses use Ko-bolt?
With so many debt collection agencies in the market, why choose Commercial Debt Collection from Ko-bolt?
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. Therefore and as an example, a loss of £10,000 would result in having to do £100,000 in additional turnover in order to offset the loss and for the average SME, this figure is simply unachievable. Consequently this can lead to business failure.
By using the sliders in our bad debt calculator, you can see how much additional turnover is required to offset a late payment if it becomes irrecoverable. Still not sure if you need us?