Our Services

SGP Debt Collection & Recovery

How quick will  you get paid

Most importantly, the money question!  The Office of Fair Trading recommends that Debt Recovery Companies should transfer cleared funds to their client within 60 days.  SGP transfer cleared funds by bank transfer 3 times faster than the OFT guideline.

How Do I Know We Will Be Paid

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Click here to View and Submit a Life Time Debt Recovery Contract.

Contact Us to day to discuss you requirements.

Lifetime Debt Recovery Contract

SGP specialise in recovery of Deliberately Delayed, Disputed and Aged Debt.  Offering a No Win – No Fee service we aim to recover debts without recourse to legal action.  We truly believe that legal action should be a last resort and not your first shot across the bows.  However, in the event that you want, or need, to instigate legal action then our in-house Legal Department will be there to support you.

Each debt is assessed to define a critical path to recovery. More importantly, should you wish to maintain your relationship with the debtor for the future, each debt can be managed to your individual requirements.

SGP clients benefit from over 40 years experience in both the Debt Recovery and Loss Prevention fields, but also the added expertise of skilled negotiators utilising traditional skills and Hi-Tech computer tools to maximise each debtor contact.

Should Legal Action become inevitable, SGP can provide preparation and service of court documents at a fixed cost. Again, it is our aim to settle all accounts without legal intervention but SGP will be with you throughout the process. View  our Legal Services.k

Debtor Tracing

SGP regularly trace debtors in the UK, Europe and Worldwide. Tracing is done on a No Find – No Fee basis.

In addition to a simple address search, SGP can undertake an employment trace on consumer debtors to evidence their employment and/or confirm if they are a home owner and hence assess their ability to pay.

Gaining credit, housing or public services without registering to public access databases is now almost impossible - in fact the Debt Recovery industry must be one of the few who are disappointed in the demise of the introduction of Identity Cards.  SGP utilise a number of both internal and external tools to locate and confirm your debtor’s whereabouts.

You only pay if we can confirm their location, plus this charge can be added to the outstanding account.  Tracing aged debts can prove to be the most successful as the debtor often resurfaces at a new location or with a phoenix company.

Credit Checking

Only 2% of UK companies credit-check before offering credit.  You wouldn’t buy a house without a survey, so apply the same safeguard to your business.  SGP can provide both Summary and Detailed Reports on your customers and where required advise on Credit Applications and Personal Guarantees.

Our most cost–effective and frequently used service is the verbal credit-check. This allows your Account Manager to give information and answer your questions as they arise. A few minutes on the phone can help avoid a costly loss.

SGP Clients can submit a Verbal Company Credit Check Application by Clicking Here.

Terms & Conditions Review

SGP will review your Terms & Conditions at no cost to you.

If you have no Terms and Conditions then, on registering with SGP, our specialist will draft these for you.

Having suitable T&C’s is a vital element in your debt prevention strategy.

Insolvency Supervision

Insolvency is a double edged sword, not only has the debtor left you with a loss but the task of completing numerous forms ties up more of your valuable time.  SGP provide as standard and free of charge as part of your contract the following services:

1. Assess an IVA or CVA (Individual Voluntary Arrangement or Company Voluntary Arrangement) proposal to access whether you should accept or object to the proposal – should we advise you to object,
   “ remember, just because your debtor has made an offer to pay does not mean you are required to accept it, you may be able to either overturn or modify the proposal.”
   again SGP will process the relevant documentation
2. Completion and submission of all voting and proof of debt forms.
3. Attendance at a creditors meeting where we believe it will be of benefit
4. Requesting information from the Insolvency Practitioner should we have reason to believe the debtor has traded whilst insolvent.
5. Where insolvent trading is proven, submit a report to the Insolvency Practitioner and the Department for Business, Innovation & Skills (BIS) requesting that the Directors be sanctioned or request that the directors contribute to the Creditors fund.k

Pre-Action Protocol Consultation

For disputes within the Construction & Engineering industries, SGP can take both you and your debtor through the Pre-action Protocol, the aim of which is to reach a settlement without court intervention which can prove costly and time consuming.  We may facilitate a meeting between you and your debtor to encourage full disclosure and negotiation.  Our Finance Director will attend this meeting with you to ensure you reach the best settlement possible. (Debtor meetings are by pre-agreement only)

Legal Administration

SGP believe that legal action should only be used when every other avenue has been entirely exhausted or where the debtor is deemed to be “asset rich but cash poor”.

SGP are not solicitors but we can act as your administration agent allowing you to carry on with your everyday business knowing that your case will be administered through to your hearing. At this point, it’s over to you to.

SGP’s Legal Administration Service is fixed cost. This will enable you to evaluate the cost of recovery via the court unlike legal representation which can leave you with a substantial legal bill regardless of the outcome of the case.  If you are confident in your company’s claim, but can’t afford to pay a solicitor’s rate to issue a cla

im and deal with the court prior to the hearing, then let SGP do the work for you.

Click Here To View a Full List of SGP Legal Service Levels

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