Click here to open Debtors Name and Shame List

DEBT RECOVERY

“Cash flow” is still the biggest single factor as to why most businesses fail, so it is important
that your credit management is operated soundly and includes:
 
A proper credit policy
It is essential to check people/businesses out before taking risks.
 
Credit checks and company searches can be undertaken and for more info on these services and costs
please contact. wwmint@hotmail.co.uk
 
Know your customer
It is imperative that you know whether you are dealing with a sole trader, a partnership, a limited
company,or even a charitable organization. Invoicing a trading name is still common practice
and is not recommended.
 
Educate your staff
All of your employees should be well versed in the art of proper telephone techniques and
record-keeping. Key personnel should also know about debt recovery and county court procedures. 
 
Time structure
Follow a defined and proper structure regarding the chasing of your Invoices. It is always wise
to have a debt collection agency like ours ready to be involved particularly with any debt
or invoice over 60 days old. Leaving it longer could be fatal and result in non-payment due
to bankruptcy or your customer absconding. We do offer a tracing service.
 
Sell your Invoices
We offer a factoring service which can greatly assist our clients cash flow.

Charges Debt Collection Services

 

An Initial Registration Charge of £99.00 plus VAT

Our charge for UK debt collection is 10% commission on any monies recovered, with a minimum charge of £75.00+V.A.T.

Preferential rates are negotiable for bulk business.

Our charge to issue legal proceedings in respect of debt recovery is £125.00 to take the case as far as obtaining
Judgment, plus recoverable disbursements (court fees, solicitors costs etc). After Judgment has been obtained,
we will charge on a time recorded basis at the rate of £60.00 per hour.

LETTERS BEFORE ACTION (LBA)

From £12.00. The price for this service depends upon volume & frequency of service.
 

ENQUIRY AGENTS

£50.00 for a positive enquiry and £12.50 for a negative enquiry.

PROCESS SERVING

Personal service of legal documents on your debtor, £70.00.

INSOLVENCY

These fees are exclusive of disbursements

Terms and Conditions

 1. All orders are governed by the terms and conditions stated hereinafter. Acceptance of any modifications of these terms shall be subject to Honey Trap Agency (the service provider) prior written agreement. By sending his/her order, the subscriber accepts these terms unless he/she sends a cancellation within a period of seven days after the date of the signing/stamping of the order note, after which the contract will come into force. To be effective, the cancellation must be given in writing and must be sent by registered post with confirmation of receipt.

 2. The service provider will place the insertion to the data base of the Honey Trap Agency within a period of three weeks after receiving the order. The data of the subscriber will be used as stated in the order. The invoice will be sent by post. Payment will be made by the subscriber on the service provider's bank account as mentioned on the invoice 14 days after receiving the invoice.

 3. Apart from insertion to the data base of the Honey Trap Agency, the service provider will grant a CD Rom with Honey Trap Agency. The subscriber must provide exact details of his/her business and/or his/her professional activity. On the basis of these details an insertion shall be drawn up., within a period of two weeks after the date of the invoice, the subscriber can make such corrections or alterations as he/she may consider appropriate and return them to the service provider. Upon the expiry of this period without receiving such corrections or alterations, the details shall be published in its original form. Should errors appear in the publications and these errors are based on the details provided by the subscriber, the subscriber shall be the only person liable for such errors. In the event that the service provider should have printed incorrectly the details provided by the subscriber in the online edition of the Honey Trap Agency, the subscriber is entitled to a free extension of his/her subscription for one year. The liability of the service provider due to the aforementioned incorrectly printed details provided by the subscriber is limited to an amount of Euro 990. Decisions relating to advertisement positioning in certain sections of the Honey Trap Agency or the designated categories are at the discretion of the service provider. The CD-Rom is granted one time in three years. Price may vary without notice.

 4. At the beginning of the second, third and following years of the subscription the service provider will send the subscriber an invoice, the payments for the second, third and following years have to be done on the bank account of the service provider as mentioned. All invoices are payable two weeks from the date of the invoice. The service provider has the right to terminate the contract in the event of non payment within the aforementioned period of two weeks without a prior written notice.

 5. The service provider is not liable for damages caused by any technical or other failure arising in the data base of the Honey Trap Agency or any technical failure of the data base of the Euro Business Guide. The service provider is not liable for damages caused by any error in the data base of the Honey Trap Agency.

 6. The insertion into the data base of the Honey Trap Agency is granted for three years and will be automatically extended every year for another year, unless specific written notice is received by the service provider or the subscriber two months before the expiration of the contract. This contract shall come into force seven days after the day the subscriber has signed the order and therefore shall end three years later.

 7. Unless agreed otherwise beforehand by the service provider, the price stated corresponds to the price of one year insertion. The price of the first three years is Euro 2970. In the event of the extension of the contract under the terms defined in the order section, the price of the access for each year shall continue to be that originally stated.

 8. In order to be effective, all undertakings notified verbally to the service provider's employees must be necessarily confirmed in writing.

 9. The place of jurisdiction in any dispute arising is the service provider's address.

 10. The agreement between the service provider and the subscriber is governed by the law of the juridical seat of the service provider