Supporting the interests of contractors | Tuesday, September 19th, 2017

Safe Collections Debt recovery

As a contractor your cashflow is crucial to the health of your business. Safe Collections has been in business for almost 25 years now, specialising in the provision of both domestic and international commercial debt recovery.

  • Pay on collection - not before
  • No subscriptions
  • Updates provided same day as information obtained
  • Debtors requested to remit directly to your company

Safe Collections’ standard account recovery procedures:

Appropriate overdue letter is sent 1st class post on the same day that account details are received.

  • Professional telephone collection commences within 72 hours, if no response to initial letter.
  • Continual, appropriate letters and telephone collection follow.
  • Continual debtor profiling is undertaken.
  • Comprehensive reporting facilities are offered.
  • Full legal services are available via our close association with solicitors in England, Scotland, N. Ireland and Eire.

Safe Collections’ UK commission rates:

Commission rates detailed below are based on the age of debt and are negotiable dependant on factors such as debt amount and number of accounts placed for collection.

NUMBER OF DAYS PAST DUE DATE STANDARD RATES
Up to 60 days
(2 months)
5% or
£5 min charge
61 - 120 days
(2 - 4 months)
7% or
£7 min charge
121 - 180 days
(4 - 6 months)
9% or
£9 min charge
181 - 240 days
(6 - 8 months)
10% or
£10 min charge
241 - 365 days
(8 - 12 months)
15% or
£15 min charge
Over a year
(+ 12 months)
20% or
£20 min charge

Age of an account is determined by the number of days past your due date. Administration fees of £15.00 apply to accounts past a year overdue. Minimum charges only apply to successful recoveries.

Peter Gable - IT Contractor
"I had a debt for £1000 that looked a lost cause. Safe Collections took up the case and within two weeks they paid up. Not only that, Safe Collections also pressed for late payment fees and interest which was paid up in full too. In fact, this more than covered the Safe Collections and solicitor's fees.

I can fully recommend any PCG members who have a problem debt to let Sid and his excellent team handle the problem - they are brilliant. The case was communicated at every step and I was kept informed as to what was happening and how much it was going to cost."

Company Secretary - Hazlins of Ludlow Limited.
We have over the past six / seven years used their debt collection services to great effect. We have always found them to be a very professional company but operated with that personal touch, a rare commodity in this day...."

Managing Director - Magnacell.
"I have no difficulty in recommending this very professional company to anyone experiencing difficulties chasing overdue invoices. They achieved a high rate of success very quickly and with a minimum of fuss. A huge point in their favour as far as I was concerned was the fact they did not charge me an arm and a leg..."

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