Alpha Debt Recovery

Our Bespoke Services

admin — Thu, 15 Dec 2011 15:39:33 +0000

If you wish to utilise our excellent debt collection service then we are pleased to be able to offer proven proactive methods and bespoke solutions ensuring quick payment and settlement of outstanding invoices and accounts. Combining extensive experience, a skilled team of recovery specialists and state of the art technology working in conjunction with our own Tracing Agents, we will achieve the maximum recovery for the minimum cost to you.
Letter Before Action – This confirms the exact amount of monies owed by the debtor and gives them formal warning that if payment isn’t received by the date requested, usually within 14 days, then court proceedings may commence. It also makes it clear that any proceedings issued will also include a claim for Court fees and costs where applicable. We will also look to claim lawful interest on your behalf so at the end of this process you may actually end up with more than the original debt! A ‘Letter Before Action’ will be sent within 24 hours of receiving your instruction.
Supporting Legal Services – Should the debtor still refuse to pay, our own Money Claim Online service offers a simple, easy to use method of issuing your undisputed claim against your debtor. Our experienced team of associate solicitors will take the complication out of the sometimes daunting court procedure. Please contact us for further information.
Enforcement – This will enable you to use a variety of enforcement methods to recover the monies owed. Should the total sum of the judgment, including the court costs, exceed £600.00 you can utilise the extensive powers of our own High Court Enforcement Officers, boasting the highest collection rates available.

Cashflow

admin — Tue, 11 Oct 2011 12:45:25 +0000

Debt Facts

Private sector – only a third of PLC’s pay within 30 days
Two thirds of SME’s affected by late payment
Debt increased by 40% in Q1 20011
£22 billion per year lost in the UK due to bad debt.
SME’s waiting on average 21 days more than their payment terms (imagine wages being 21 days late !!)

Pretty heavy stuff – however the actions that any business (business to business or business to consumer) takes before doing business can reduce dramatically the chance of debt occurring such as :

Agree your terms and conditions and make them clear. Include –
1. payment terms/limits and periods
2. costs/delivery arrangements
3. early repayment clause ?
4. late payment clause !
5. commitment to quality
6. data protection
7. retention of title (ROT)

Company Credit referencing. – prevention is always better than cure

Third party guarantee ? – useful if company becomes insolvent/bankrupt

Payment in advance, part, stages, interim ? – if its in your T and C’s enables you to get payments throughout contract particularly useful if you have credit checked them and have some doubts on their performance.

Take your own chosen trade references – and follow them up just don’t take their word on it

Cash flow should be the principle concern of any effective management strategy as it is a form of budget predicting inflows and outflows of cash for the period ahead !

Prevention – Or Cure

admin — Fri, 02 Sep 2011 14:59:52 +0000

HOMEFORM Group, the Manchester-based kitchens, bathroom Dolphin is one of their brand names) and bedrooms firm, which went into administration in July, left behind debts of more than £84m, a report revealed.
The loss-making company – which was owned by private equity firm Sun Capital Europe, owed trade creditors £13.4m and HMRC more than £5m, a report filed at Companies House by administrators Deloitte,
Company Credit Checking – vital in this day and age
contact us to find out how you can help yourself avoid unwanted debtors impacting on your cash flow Ring 08445 048048 or email info@alphadebtrecovery.co.uk

Distress for rent and privileged goods Under the common law remedy of distress for rent,

admin — Thu, 25 Aug 2011 15:27:37 +0000

A commercial landlord may distrain (seize) goods present at the premises and either hold them until the commercial rent arrears are paid or sell them to offset the arrears. The landlord will normally use a certificated bailiff to distrain on his behalf as his agent. The landlord may only distrain when there is a lease in place and the rent is in arrears under the terms of the lease. The basic common law allows for any item on the premises to be taken to cover the debt. However, some goods have been exempted by statute, the exemption also known as privilege. There are items with absolute privilege, which may not be seized under any circumstances. There are items with qualified privilege which only be taken if there are not enough other goods available to cover the debt. Finally, there are specific items that carry no privilege.
Absolute privilege These items are completely exempt from seizure: Perishable items, Things in actual use (including clothes being worn),Household goods, Tools of the trade, Goods held on commercial premises as a direct part of the tenant’s business, for example items left for repair, goods held on sale or return, Goods on hire purchase, Hired and leased items, as they belong to a third party, A third party’s goods, e.g. sub tenants’ and other unconnected third parties’ goods
Qualified privilege The landlord may remove qualified items if he has not reached the necessary value after seizing all other goods and it appears that there is nothing else available for seizure at the property. The landlord must genuinely believe there was nothing else available, as he could be sued otherwise. Qualified privilege mainly concerns tools of the trade, in excess of those already protected by absolute privilege.
No privilege Some goods are specifically excluded from protection: Goods belonging to the tenant’s spouse or partner, Goods lent to the tenant on permanent load with no conditions attached, Goods belonging to the tenant’s business partner, Goods in the possession in any bill of sale or hire purchase agreement (except those subject to a default notice served in the Consumer Credit Act 1974)

Latest Business News

admin — Fri, 19 Aug 2011 13:20:35 +0000

Go-ahead for Humber enterprise zone
A GIANT enterprise zone aimed at turning the Humber into a green energy hub has been approved by the Government.
Marquee move for YIBC
THE Yorkshire International Business Convention is set to be hosted in a series of purpose built marquees at MEPC’s Wellington Place site in Leeds in 2012.
FSA hits Sir Ken Morrison with £210,000 fine
SIR Ken Morrison has been fined £210,000 by the Financial Services Authority after failing to disclose that he had reduced his shareholding in the Yorkshire supermarket group.

Start-up finance fund KC Invest launched
A £300,000 investment fund to provide start-up and growth financing for businesses in the digital and technology sectors has been launched by communications provider KC.

Good News for the area

admin — Fri, 12 Aug 2011 11:25:27 +0000

ROLLS-ROYCE has submitted plans for two new factories in South Yorkshire which will employ more than 350 people.

The company wants to build three factories on the Advanced Manufacturing Park in Rotherham.

One would be used would make turbine blades for jet engines alongside a second dedicted to manufacturing components for power station while the third building could house one of the company’s suppliers.

Rolls-Royce revealed plans to extend its manufacturing capacity in the UK with new facilities two years ago

FAQ

admin — Tue, 09 Aug 2011 10:03:56 +0000

What is the process you employ?
For operational and security reasons we do not detail the exact process, however the basic procedure is as follows we check their trading status if this shows a proposal to strike off we will send a letter to suspend the striking off for 6 months this will allow us time to recover the debt, the first demand is made by letter with the pre action protocol of the civil procedure rules contact by telephone and email. This gives the debtor a 14 day period in which to pay or contact us re any dispute or payment proposal. We run certain checks and searches to get fully detailed back ground and if the debt is not paid within 14 days or no proposal agreed then we will advise you of the next stage this is further letters visitation which would then lead to a court summons as required.

Alpha Debt to do Seminar for C.I.M.A members

admin — Fri, 29 Jul 2011 13:18:01 +0000

dont miss it 20th September 6pm at The Earl of Doncaster Continue reading →

Client Upgrade !!!

admin — Wed, 06 Jul 2011 15:46:46 +0000

Success of the Week as featured in The Free Press Newspaper – Relieve your business worries and let Alpha Debt Recovery recover your debts !!

admin — Tue, 03 May 2011 09:49:54 +0000