Switch on your cash flow with Ko-bolt
Debt Recovery made simple and affordable in partnership with Avenue Insurance Partners
No Collection, No Commission
Our service is always offered on a 'no collection, no commission' basis
Successful
Our innovative and personable debt resolution service has a success rate of 82%*
Global
Available in 147 Countries through a network of local agents
Personable
We pride ourselves on providing the best possible service to you and your customer
Innovative
We use unique email tracking software to increase response rates and collection success
We're on a mission to reduce Bad Debt
Ko-bolt is a specialist commercial debt resolution and risk mitigation company
Why – We believe that no business should suffer as a result of late payment and bad debt
How – Experience, expertise, product innovation, technology and an ethos which puts the customer at the heart of everything we do
What – We exist to ensure that businesses have the right tools to avoid bad debt, legitimate and illegitimate
What is the true cost of bad debt to your business?
The average profit margin in the UK is 10% according to the office for national statistics. This means that a loss of £10,000 would result in you having to do £100,000 in additional turnover in order to offset the loss. For the average business, this figure is simply unattainable.
Using the sliders in our bad debt calculator, you can see how much additional turnover is required to offset your bad debt.
Ko-bolt’s debt resolution service can help you to avoid bad debt while maintaining the buyer-supplier relationship. Get in touch with the team today to find out more.
Avenue Credit Insurance customers receive a 20% discount on our rates of commission for insured and non-insured debts.
- Standard price - 10%
- Fast turnaround
- Focused on client retention
- Standard price - 15%
- Local agent fees may vary
- Available in 147 Countries
*Subject to terms and conditions
3 simple steps to getting paid
Step 1
Register for your free account
Registering with Ko-bolt is free of charge, there are no joining fees, annual fees or debt placement fees, so you only pay when we collect. What’s more, as per the Late Payment of Commercial Debts Regulations 2013, collection costs and interest are payable by your buyer. We add our costs to the account and when we collect them, there’s no cost to you. Any interest we recover is 100% yours.
Step 2
Place your debt
Once you’ve registered, you can start working with Ko-bolt right away. You’ll need to provide us with copies of invoices and/or an up to date statement of account. You can drag and drop these documents into Ko-bolt’s online debt placement tool.
We’ll only contact you if we need additional information or we’re unable to help (e.g. if we identify that the buyer is already insolvent at placement).
Step 3
Get Paid!
Provided we have everything we need, we’ll get to work within 24 hours and we hope to have resolved the debt within 21 days. Once we’ve collected your money, we want you to make use of it, so we remit cleared funds every other week, which is twice the average for the industry.
Questions
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© Ko-bolt International Ltd – 2020. All rights reserved
Ko-bolt is a trading style of Ko-bolt International Limited, registered in England and Wales – Company Number 12570727
VAT Number – GB353939957