Debt Recovery for Steel Stockholders

Our Steel Stockholder clients are often faced with the situation where a customer does not pay.

• Has your customer been with you for a long time?
• Did you think you had a good relationship?
• Have you let credit facilities run too high?
• Have you noticed an issue with slow payments?
• Are you afraid that by chasing the debt you will ruin the relationship with your customer?

Many Steel Stockholders feel the same, but that should not stop you from getting paid.

We work hard to recover the monies due without damaging the all-important customer relationships and reputation of your business.  We will talk to your customer and investigate options and ways in which they will be able to pay what they owe you, whilst maintaining the undisputed loyalty they will have to you and your business.

Key Debt recovery ‘danger points’ for Steel Stockholders

• High inventory and capital requirements restricting cash flow
• Volatile market prices and supply chain disruptions
• Often extended credit terms leading to delayed payment
• Customer insolvency or bankruptcy due to the nature of customer sectors
• Complex contracts and disputed deliveries
• Cross border transactions and foreign exchange risks
• High dependence on a few clients – focusing risk on a few customers

Ways in which we help Steel Stockholders with debt recovery

Quite simply we will take over the tricky issue of collecting monies you are owed.

We often find that because we are not directly associated with the stockholder, we can talk more frankly to your customers, often delivering results.

We can also help with your account opening and credit control procedures – suggesting options that may reduce the frequency of customers who cause you problems.

Why use a solicitor to manage your outstanding stockholder debts?

• It shows your debtors that you mean business. Often a chat or Solicitor's Demand Letter will prompt payment or a discussion about settlement of an outstanding debt.
• It releases you to concentrate of what you do best – running your business.
• A solicitor can take matters further should the customer not be forthcoming with payment – not all debt recovery agencies can do this.

Get in touch with our Steel Stockholder debt recovery solicitors

For further information about our debt recovery services, get in touch with our team in Alconbury, Birmingham, Nottingham, Peterborough or Spalding. 

Call 01775 764156 for a confidential discussion about how we can help.