CIS DRS

DEBT PORTFOLIO MANAGEMENT IN UK

B2B Debt recovery & Debt collection in UK
We recover your bad debts for the success fee.
Debt Portfolio Management in the UNITED KINGDOM
Obviously, it is not always possible to comprehensively analyze and define your partner as an unreliable one. This is common practice when the counterparty avoids the contract repayment or refuses to make a payment at all. Debt collection is an integral part of the financial policy of any company. By attracting debt financing, the company is able to increase capital and liquidity to carry out its projects. Firms have to manage the occurred debt either on their own or hire a professional team of debt collectors.

An important point is that debtors in the UK are more likely to pay when a debt collection agency is involved. Effective and real collection is the main goal for debt collection agencies. Having them to assist with the recovery of unpaid invoices will help to concentrate on more important business issues, so clients don't have to waste precious time on this task. In addition, debt managed by a competent team helps to achieve business goals without losing financial strength and running out the cash flow. Such assistance is provided by agencies using a debt portfolio, which represents a list of debt obligations from third parties to the debt collection agency's client.

There are numerous strong points in hiring a professional team of debt collectors for your business. The main advantage - experience and knowledge in their field. They take to debt collection like a duck to water, as it is their main task and goal. Secondly, it is the fastest method of recovering debts, since legal proceedings are often time-consuming. Also, hiring a debt collection agency is typically cheaper than hiring a legal adviser or going to court, since some agencies offer a "no collection no fee" service.

What should you pay prior attention to while searching for an agency?

Having decided to cooperate with the debt collection agency, you should do research to choose the appropriate one, suitable for your requirements. But make no mistake while choosing an agency to work with: there are some disadvantages worth mentioning.

While protecting your interests, unskilled agency workers can use the heavy-handed approach and pure communication methods that will negatively affect your reputation and bring no results. Moreover, mercantile debt collection in the UK acts under specific regulations and laws. There are various legal restrictions while chasing debts, and sometimes debt collection agencies hire workers without a legal education. On the basis of the information above it is understandable that using a debt collection agency can be costly, as not every agency works on the principle of "no win no fee".

Advantages of working with CIS

Fortunately, for anyone who is looking for debt collection assistance, CIS, which specializes in commercial debt collection in the UK, avoids the disadvantages described above. Our team consists only of high-quality lawyers knowledgeable about all the details both in the UK and other countries' legislation in case of international disputes. They are required to take courses in public speaking, negotiation, and many others to improve communication skills in particular and the quality of their work in general. You can easily leave the debt management to us and be sure that your reputation is in the right hands.

In addition, we really do offer a "no collection no fee" service. This means that any fees we earn depend on whether we have successfully collected instructed debt.

Our agency has an opportunity to resolve disputes worldwide, including such countries as England, Scotland, Wales, and Northern Ireland, returning well-deserved funds to our clients. A high level of negotiation and law skills, constant learning and training, fair pay gives CIS an opportunity to stay at the forefront of the debt collection market.
AT A GLANCE
Serving Clients in UNITED KINGDOM for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery
DEBT RECOVERY IN UNITED KINGDOM
No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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