Overview of Recruitment Debt Recovery

Experienced in recruitment debt recovery & litigation

Francis Wilks & Jones LLP has been successfully recovering its clients' money since it was first set up in 2002. We have a wealth of experience in all areas of debt recovery and litigation with particular emphasis in the recruitment sector. Over the last 9 years we have recovered many millions of pounds for our recruitment clients, making us one of the leaders in this sector.

Fast and effective payment of your outstanding debt

For the recruitment industry more than most, we understand the need for fast and effective payment of your outstanding invoices. Having paid the temps, it is imperative that your customers pay you on time. Cash flow is vital to your business. Quick debt turn can make the difference between a business being able to grow successfully or fail completely.

Invoice finance industry

A report in Recruiter Magazine (19 Jan 2011) highlighted the average debt turn for RIB members was 39.8 days (March 2009 to March 2010) which, when applied across the industry, would require £2.1bn in working capital to maintain the recruitment industry. A significant level of this funding requirement is provided by the invoice finance industry, which has significantly assisted both to grow the sector and to build confidence in members’ ability to pay workers on time.

Legal debt management solution

Francis Wilks & Jones LLP have strong links to the invoice finance sector and can advise on existing arrangements or assist where you may be considering raising new funds for growth or acquisition. Where our capability can assist most is to improve debt management by ensuring that you have the most appropriate legal remedies in place to mitigate the risk of bad debt and reduce your business’ debt turn.

Whether as a complement to a client’s existing recovery team or as a totally outsourced collections facility, we offer a tailor-made solution to meet our individual client needs.

Our aim is simple -

To recover your money as quickly as possible and at the lowest cost to you.

For more information contact: Mat Howat

Matthew Howat Profile
matthew.howat@franciswilksandjones.co.uk
Tel: 020 7841 0390