Expert Debt Collection for NurseriesLast modified: November 21, 2023
Debt Collection for Nurseries specialist
Debt Collection Agency for Unpaid Nursery fees
Requests for Debt Collection of Unpaid Nursery Fees is very common.
Debt Collection for Nurseries is on the increase and it’s causing concern within the industry.
Parents have monthly financial obligations, such as credit cards or mobile phones, so why is paying nursery fees so different?
The truth of the matter is that many childcare and nursery business owners tolerate late payments from parents.
Millions of pounds go unpaid in Nursery Fees and this poses a real threat to the longevity of the childcare industry.
Many nurseries fail to chase up late fees and have no process in place to deal with this.
Nurseries and childcare providers also face the challenge of balancing their books against the cost of free entitlement.
We understand the issues that many nurseries face and that getting paid on time is critical to running a small business.
Our Nursery Fees Debt Collection specialism ensures the maximum amount is recovered at little cost to our clients.
We have put together a guide to help protect the cash flow of your childcare business.
Preventing The Need For Debt Collection For Nurseries
No nursery has ever lost custom by simply asking parents to pay what they rightfully owe and this should be remembered.
1. Make Payment Terms Clear At Outset
When a parent registers their child, ensure fees are broken down and what payment terms are.
By making payment terms clear at outset, you can avoid the usual excuses that many non-paying parents make.
2. Communication When Payment Is Missed
No matter how long a child has been at your nursery, make an effort to address late payment as soon as possible.
Taking preventative measures can be the difference between getting paid or fees continuing to be unpaid.
This must be done with discretion so as not to cause embarrassment – choose a quiet room to discuss such matters.
3. Avoid Handwritten Notes
Some smaller childcare practices still use handwritten notes to highlight any outstanding amounts on the account. This demonstrates a lack of professionalism on your part.
Any notices given should be correctly documented and a copy stored on file for future reference if necessary.
4. Prevention Is Better Than A Cure – Preventative Measures
You can avoid chasing late payment of fees by investing in industry specialist software such as the Abacus Nursery Software package.
This can invoice parents digitally and help streamline your credit control process.
There is also the direct debit option for payment with innovative packages such as Fee Planner.
Professional Debt Collection Agency for Nurseries
Sometimes, no matter what procedures you implement, there are some parents who will leave owing you money.
Using an effective Debt Collection for Nursery Fees service can dramatically boost your profit and loss account.
The simple and affordable solution is to use the leading Private Debt Collection services of a professional company.
We provide a fully comprehensive service and manage the repayment of the debt in its entirety from start to finish.
Our unpaid nursery fees service ensures no collection costs to pay if the debt is not collected.
Frontline Collections have specialist experience in dealing with the recovery of unpaid childcare fees.
They work in partnership with some of the UK’s leading childcare groups as well as small local establishments.
For expert advice about Debt Collection for Nurseries, speak to one of our friendly Advisers now by calling 0333 043 4425.