Thorntons Collection Service, Debt Collection Nationwide and in Europe

Debt Collection in the UK and in EuropeIndependent Debt Collectors. Support and advice on debt collection and bankruptcy, UK debt collection,collection,debt,bebt recovery,bad debt,Kent Southeast, bankruptcy Very few businesses can operate today without taking insolvency, advantage of the wide range of finance packages available Commercial Loans business property residential care homes buy-to-let business startups investment property What is Invoice Factoring? a method by which companies can borrow money on a short term basis an arrangement that allows a business to realise immediately the cash benefit of sales a bankrupcy advice, popular form of short term cash flow financing A Factor will typically pay up to 80% of the invoice value to the borrower with a balence (less fees) being forwarded liquidation, once payment is received from the debtor. Why use Factoring? to prevent business failure through lack of cashflow it offers a dynamic and flexible form of funding to ensure that businesses can pay wages or creditors on time Factoring allows business to have the cash available to fund the next order regardless of wether or not payment has been received invoice factoring, for the last order. Factoring has been used in the UK for over 35years more than 25,000 UK businesses use factoring, the majority with a turnover below Ł500,000 although by the end of 1999 there were over 800 businesses with a turnover in excess of Ł10m using factoring. Some of the benefits of factoring outsourcing the credit collection process mortgage rates, can reduce staffing costs tighter credit control procedures can reduce the incidence of bad debt may prevent the loss of sales due to lack of funds no annual fee or management charges discounts may be obtained by paying suppliers promptly growth financed by sales rather than external equity What is Asset Finance? a method of financing business assets by a secured loans, credit or leasing facility an arrangement that leaves other lines of credit intact for working capital security for the facility is taken on the asset being purchased with the cost being spread over a period up to the useful life of the equipment being purchased. Types of Asset Finance hire purchase lease purchase contract purchase finance lease operating lease mortgages, contract hire sale and leaseback the facility you choose depends on your particular needs. Consider your tax capacity and accounting needs, your cashflow and the asset to be purchased. It is important to seek professional advice before making the final decision. types of equipment suitable for asset finance cars light and heavy commercial vehicles unspecialised, home loans machinery plant IT hardware Benefits of Asset Finance the cost of the asset can be linked to the income it generates a straightforward facility to arrange the rental payments are agreed initially allowing simple cashflow management asset finance is non-cancelable providing the agreement is maintained correctly for more advice on commercial finance click here

Our methods are designed to work in unison with the court system. We maintain continuity and the collection momentum needed to secure an early settlement. We are very conscious of our clients throwing good money after bad and only cases meeting strict criteria will be recommended for court action. This coupled with our extremely effective tracing department offering a comprehensive package to our clients, whether they are sole traders with a single debt or large companies.

Thorntons Collection Service has an 'in house' process serving department, dealing with the preparation and service of all types of legal procedure.

Listed below are the range of methods of collection and services we may use to recover what is owed to you.

Tried and Tested Letter Cycles
Pro-active Telephone Techniques
Company and Property Searches
Individual Searches both private and business
Visits to Debtors
Cheque Collecting Service
Tracing Department
Process Serving
Surveillance
Bailiff's Service
Auctioneers and Valuers
Attendance at Creditors Meetings

We can also offer a comprehensive Insolvency Service through an Associate Company to help and assist your present situation. This is a very professional service with business consultants specialising in assisting businesses that face what seems to be insurmountable problems.

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Thorntons Collection Services, CCL No 359826
Offices in Rochester and Pembroke

email: advice@thorntonscollect.co.uk