Late Payment Service support your business by limiting bad debt and facilitating unpaid invoice settlement. We operate on a no settlement, no fee arrangement.
ICO Registration Number – ZB510443
Our mission is to protect your cash flow by ensuring timely payments and minimising bad debts. Our services are tailored to cater to the unique needs of UK-based businesses, and our team of skilled professionals work diligently to deliver optimal results.
At Late Payment Services, we operate on a no settlement, no fee basis. This means that we only charge a commission on successfully settled invoices, ensuring you receive value for your investment. Our commission rates are competitive and based on a sliding scale, ranging from 18% to 6% for high-value invoices.
Getting started with our credit control services is a breeze. Simply complete the form provided, and we’ll begin working on settling your unpaid invoice right away. With no need for time-consuming meetings or lengthy onboarding procedures, our efficient process ensures prompt action.
Our credit management solutions are available via three service levels, with each designed to meet your specific needs. From risk assessment to monthly credit reviews, our service levels provide a comprehensive outsourced credit control function that reduces bad debt while improving cash flow.
Expanding your customer base is essential for growth, but it should be done with a solid understanding of the potential risks involved. Our Level 2 and Level 3 services feature credit risk assessments for new customers, utilising credit reference agencies to evaluate the viability and credit risk associated with potential customer relationships.
Hiring skilled and experienced staff can be expensive, and many small to medium-sized businesses don’t require full-time credit controllers. Outsourcing credit control is a flexible and cost-effective solution that allows you to access expert resources only when needed.
Our approach to credit management follows a proven, legally compliant process. We work with debtors to settle outstanding invoices, ensuring payments are made in a non-threatening manner that maintains positive business relationships.
With Late Payment Services, you can enjoy lower operating costs, fewer bad debts, increased cash flow and efficient credit management. Our commitment to transparency and customer satisfaction has made us a preferred choice for businesses seeking credit control solutions in London. Don’t let unpaid invoices harm your cash flow; partner with us today to secure the financial health of your business.