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Infocus ... debt recovery
The FPB has teamed up with wk5.com to offer members of the FPB a debt collection and
debtor tracing service
W
k5.com understands that not all debt • Commission charges from just 7% (plus
collection processes are foolproof VAT) on collections
and nobody wants to be in a position • The ability to trace absconding debtors.
where repayment of a debt looks doubtful.
Sometimes, patience just isn’t the answer and Members also have access to a free and
you need to take legal action. confidential cash flow advice line, provided
The wk5.com debt recovery service helps by wk5.com and FA Simms & Partners. It
you track down debtors and collect money is available to sole traders, partnerships,
owed to you. An experienced debt collection companies and their employees. Advice is
team and set of legal experts will move rapidly available on matters including debt collection,
down the legal enforcement route to ensure cash flow issues, dealing with insolvent
the best return for your business. businesses, facing business insolvency, and
The main benefits of this service include: personal and employee debt.
• An experienced debt collection team “In the current economic climate, it is even
• No collection, no fee (up to the point of more important for businesses to have efficient
court action) debt recovery procedures,” says wk5.com’s
• Transparent costs – court fees and legal Stephen Watts. “It is important to know exactly
disbursements are passed on at cost, with what to do – and when to do it – in order to get
no hidden charges the best returns from outstanding invoices.”
For further information, call the member helpline on 0845 130 1722.
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