Marine Debt Management
You receive regular reports on our progress with each account. Should a customer still fail to respond we will advise on the feasibility of legal action and can arrange this if required.
In many instances companies pay as soon as they realise their account has been referred to us. We write asking for immediate settlement directly to you. We take no further action and are therefore able to offer this at low cost, but effective option, especially for clients with large number of low value debts. Letters are by registered mail, telex or telefax as appropriate.
We can assist you with all aspects of credit management, from information regarding the payment performance of particular companies, to vessel ownership and movement information, to advice about credit policy, insurance, collection procedures and staff training. We aim to meet the particular requirements of your organisation.
We specialise in advising clients intending to make acquisitions in the Ship Supply industry. By auditing the sales ledger of a proposed purchase we identify bad and doubtful debts to establish the true value of its 'Debtors'.
During holiday periods or following a merger or acquisition one of our consultants can work exclusively for you in order to ensure that your 'accounts receivables' are not neglected.
Your Questions Answered
Earlier collection means improved cash flow
Earlier collection reduces the likelihood of bad debts
Your own credit staff can concentrate on the current portion of the sales ledger, further improving your average collection period
Sales staff are distanced from the collection process, enabling their relationship with customers to remain unaffected
You have more time to devote to customer service and attracting new business
Your communication costs are reduced every time we take over the collection process
You have access to professional advice on all credit and collection matters from marine industry specialists
Marine Debt Management Ltd.
Rivington House, 82 Great Eastern Street, London, EC2A 3JF, U.K.
tel: +44-20-7362 0220
fax: +44-20-7362 0227