1st STAGE LETTER FLAT-FEE CREDIT CONTROL SERVICE 

LPL offers a unique Flat Fee system ideally suited to those clients who operate current sales ledgers and experience slow payment on accounts between 90 - 120 days old. The service consists of three communications, including a Solicitor's Demand. The service ensures that all recoveries are sent directly from the debtor to client, speeding up cash flow and sorting out any problems relating to the account.

2nd STAGE - NO RECOVERY - NO FEE INSTRUCTION

LPL's 2nd Stage/Option 2 service, which acts as a follow up to 1st Stage or is used as a stand alone service, caters for any type of commercial debt and will, based on a No Recovery - No Fee system, achieve success on a controlled and direct approach.

Our dedicated team of Account Handlers will establish direct contact and whilst securing payment on your behalf they will ascertain the exact cause of non-payment, ensuring movement towards resolving queries, disputes, cashflows, and, of course, full collection.

FAST TRACK 

Many of our clients currently using our 1st Stage service may feel that the money owed is critical or that the debtor requires a more urgent form of collection. LPL has now introduced a further tier to our service, which will allow clients that use our Flat Fee system to instruct LPL to make direct telephone contact immediately with the debtor as well as the use of our proven letter system. All as part of one instruction.

On successful collection, discounted collection fees apply.

LITIGATION

LPL enjoys a unique relationship with Solicitors who specialise in debt collection and ancillary services. Those cases that require legal action are dealt with efficiently and in the main at a fixed charge.

TRACING

Sensitive and thorough investigation to establish the current whereabouts of absconders. Enquiries are carried out by experts who have full regard to all legislation governing conduct.

LPL has several levels of enquiry available:

1. For a low fee of £35.00+VAT - No Find - No Fee, using last known address together with full individual name LPL will ascertain a confirmed current residential or trading address.
2. In-depth investigator reports - regionally based private investigators will usually visit the last known address, question neighbours, report on assets, include electronic record searches and full report. The comprehensive report will tell you exactly what the position is and whether further action is going to be cost effective.
3. Asset enquires, Pre-Sue reports, Due Diligence reports, designed to give you in-depth knowledge of a debtors ability to repay significant debt or give you further information for takeovers or sales projects.

CREDIT REFERENCING

Business information searches - reports returned in under 15 minutes

Limited Companies and other businesses in the UK & where applicable Internationally. Available in the UK filed information at Companies House including: Incorporation Details, Directors, Shareholders, Accounts, Public Information: CCJ’s, Decrees (Scotland), CVA’s, Insolvency - Petitions, Debt Searches including LPL Records, Analysis and credit conclusion.

Every precautionary measure available should be taken when offering credit facilities. By utilising Front End expert credit knowledge we can advise you how best to safeguard your credit applications.

INSOLVENCY - BOOK DEBT COLLECTION

LPL provides a service of Book Debt Collection to leading Insolvency practitioners throughout the UK. We pride ourselves on our in-depth reporting and full back-up procedures which are available as part of the service provided.

INTERNATIONAL COLLECTIONS

With 30 years experience in collection overseas, LPL has built up a network of trusted agents throughout the world. Our expertise also allows LPL to collect the majority of overseas debt from our own offices in the UK.

TERMS AND CONDITIONS

It is now more important than ever to ensure that suppliers have adequate contractal protection. Our legal experts can ensure that penalty clauses for interests and charges, as well as standard product indemnities, are all included in proper contractual terms. LPL will produce bespoke Terms and Conditions specifically designed for our client’s requirements in conjunction with our legal department.

REPRESENTATION AT CREDITORS MEETINGS

A free service, we just need any document sent to you from the debtor or their representatives. We will report and advise as part of our overall service.

DOCUMENT OUTSOURCING

As our relationships continue to grow, clients can rely on LPL to carry out high-volume services that include outsource operations on ‘own name’ chasing letters, membership subscription, statement and other mail-outs.