Debt Collection for the Manufacturing Industry

Debt Collection for the Manufacturing Industry

Like any other sector, businesses in the manufacturing industry suffer from non-paying clients. Most of the businesses in this sector are small to medium in size, with many being larger.

Their core business is manufacturing all manner of products for use in countless applications. If they are confronted with a non-paying client, the best solution is not always apparent.

Whilst there are several professional debt collection services available, the most beneficial option is to instruct a debt collection agency.

Many agencies specialise in particular areas of debt. For example, some are experts at recovering B2B debts international, and others recover private debt. Frontline Collections is widely accepted as the UK’s leading private debt collection agency. As well as this, we are experts at recovering debt for every working sector in the UK.

We asked our debt collection experts how businesses in the manufacturing sector can recover outstanding debts and overdue invoices.

Recovering Small Business Debts

The manufacturing industry in the UK has an annual output of £192 billion. This makes it the ninth-largest manufacturing industry in the world. UK built products are exported all over the world, to places such as the United States, Europe and China. Every type of product manufactured is included in this statistic, from cars and machinery to food and drinks.

For any manufacturing company, maintaining a steady cash flow is vital to the security and growth of every enterprise. Commercial debts and unpaid invoices can put this at risk, and it is vital to act as soon as possible.

Frontline Collections are experts at recovering debts for small businesses and private individuals (such as self-employed workers). Since 2005, we have recovered millions of pounds worth of debt for manufacturing companies across the UK.

Instruct the services of a professional debt collection company like Frontline Collections. Doing so means your debt will be recovered promptly and professionally.

Are you the owner of a manufacturing business that is owed money by a client? If so, speak to one of our experts now for help with debt collection for the manufacturing industry.

Debt Collection for the Manufacturing Industry – Frequently Asked Questions 

I own a small manufacturing business, can I use a debt collection agency?

Yes, a professional debt recovery service can provide an effective, low-cost service. Frontline Collections, for instance, specialises in recovering debt for small businesses, self-employed individuals and sole traders. For more information, speak with our experts now.

How long does it take to recover a debt for the manufacturing industry?

Each case of debt recovery is unique, and as such collection times can vary. For an estimation of time scales or costs, an expert would need to investigate the case. Speak with Frontline Collections now for assistance.

My small business has tried to recover the debt but the client did not respond, can it be recovered?

Yes, it is very likely that the debt can still be enforced. Many debtors determined not to pay will “bury their head in the sand”, and hope the problem goes away by itself. Many in-house credit control teams lack the enforcement options to recover a debt from a debtor they cannot reach. A professional debt recovery agency is the best solution.

We are owed money by a client that has absconded, can I still recover my debt?

It is common for clients to vanish before payment is due. When this happens, it can often be difficult to track them down. In situations like this, Frontline Collections can provide track and tracing services.

These can locate the debtor, before enforcing the debt and recovering the money. Speak to one of our agents now for more information.

How much is debt collection for the manufacturing industry?

Every case is unique, and as such, recovery rates can change depending on the circumstances. The best way to get a cost is to speak with one of our professional debt collectors now.