At MH Debt Collection we provide an outsourced credit control service which can be operated on a disclosed or undisclosed basis.
Outsourced credit control focuses on a company's balance sheet, because the invoice-to-cash cycle is where the most dramatic gains in efficiency, productivity and cash flow can be made.
The benefits of outsourcing credit control are
- It allows you to focus on your core business activities while we collect the debts on your behalf
- Experienced credit control staff
- Proven credit control policies and procedures
- Seamless transfer to our debt collection service
- Improved cash flow
- Up to 50% cost saving (compared to using own staff)
It is not a requirement that the whole of your debtor ledger is passed to us for collection, you decide which accounts are no longer cost effective for you to continue chasing. On inspection of the debtors it may become apparent that outsourcing may not be required and that our debt collection service is more suitable.
CREDIT CONTROL PRICES
Set up fee: £249 + VAT
This includes:
Ledger set up on our systems and a designated PO Box Address for debtors to send payment to.
Monthly Prices
| Yearly Turnover | Monthly Charge |
| Up to £499,000 | £199 + VAT |
| £500,000 to £999,000 | £299 + VAT |
| £1,000,000 to £1,499,000 | £399 + VAT |
| £1,500,000 to £1,999,000 | £499 + VAT |
| Over £2,000,000 | Please Call |
Once your ledger and PO Box Address has been set up we will begin chasing your debtors for payment straight away.
We will continue to chase for payment by telephone and letter until the invoice has been paid, credit note issued or query has been risen. Once query has been sorted chasing will begin again.
You will also receive 20% off our standard debt collection charges if required
Additional Charges
| Invoices issued on account | £0.50 per invoice |
| Credit to account | £0.50 per credit |
| Monthly statement to debtors | £1.00 per statment |
