Issues are constantly arising which challenge the way businesses operate and the need to tighten up on credit control and debt recovery procedures is top of many meeting agendas. These requirements are all taken into account by Incasso LLP as is the need to be flexible and understand that no case is straightforward.

Difficult times

Late payment of invoice debt affects most businesses, more so in recessionary times. With poor payment practice costing UK business £20bn per year with, at any given point, nearly 50% of all invoices overdue. Suffering from plummeting house prices, the construction industry provides a particularly notable example of this trend in the current economic climate.

Contractors are struggling to maintain working capital and to afford the price of raw materials are paying late and passing the delay on to sub-contractors and suppliers. Keeping track of when retention monies fall due and debt recovery for each and every contract is an onerous task, but, if done, can assist with cashflow and avoid monies becoming long overdue.

Flexible approach

With the market at its most volatile the need to for debt recovery has never been greater. This growing and important function can be managed by our dedicated unit of experts who offer a full ‘one stop shop’. As a direct result some of the key issues which could potentially affect your organisation include:

• Risk management
• Cash flow
• Liquidation
• Retention
• Construction related adjudication

Incasso LLP is the specialist debt recovery division of Cobbetts LLP. Currently ranked number one debt recovery provider in Yorkshire by Chambers and Partners UK Guide, we provide a complete debt recovery and litigation service to many leading names in the industry.