11th June 2021 – First Capitol Collections, an established debt
collection and debt recovery agency provides guidance on collecting debts post-pandemic.
Many businesses have faced their fair share of struggles due to the ongoing pandemic. The
last year’s hit did not leave them any room for preparation, and some businesses are still
struggling financially. Creditors are now being urged and requested to constructively work
alongside the debtors to arrive at mutually acceptable arrangements. The pandemic has also
pushed a lot of businesses into temporary financial losses and distress. Despite
Government’s measures to combat the most visible economic disruption, companies are
still struggling to keep their liquidity going and are experiencing substantial losses on the
Many businesses have been seeking Government assistance to prevent their operations
from going down, either direct financial support or through the furlough scheme. In many
cases, support has been precious; however, it is still a viable question if anything will come
back to normalcy post-pandemic. First Capitol has recently updated their website with blogs
such as A post covid 19 eras for business” and A Guide to Debt Recovery from SMEs during
Covid-19. The author highlights the importance of businesses to develop strategies to
prevent bad debts and protect themselves in these challenging times.
While Covid19 has played a significant role and in many cases has caused unimaginable
financial distress, many businesses also had to contend with the country official leaving the
EU at the end of 2020. First Capitol believes that sometimes a crisis brings can bring unique
opportunities. Consequently, some businesses must find innovative ways to reinvent and
rediscover themselves amidst these challenges. Every business needs capital. Cheap money
is readily available in government-backed loans with flexible terms, payment holidays, etc.
However, the point remains – when the economy fully reopens can businesses repay their
One of the biggest challenges for some businesses is their ability to recover what they are
owed or in a timely fashion. Even with stringent credit control practices, it can still be hard
work using in-house debt recovery and debt collection strategies. Honestly, at this point,
creditors should not waste their time or delay any further; when it comes to debt recovery,
First Capitol has nearly all of the legal collection solutions to get businesses paid, often
without compromising customer relationships. From doorstep collection to preventing bad
debts from escalating, the debt collection agency uses proven techniques and experience to
bring amicable solutions to all parties involved.
To know more visit https://firstcapitol.co.uk/
About First Capitol Collections
First Capitol Collections based in Bedfordshire, United Kingdom, is a reputed debt collection
agency that offers debt recovery services for all kinds of business entities and individuals in
the UK. With offices in Bedford, Birmingham, Bristol, London, Manchester, and
Southampton, the agency provides doorstep collections, debtor tracing and people
searching services, legal escalation, process serving, and comprehensive pre-sue and
First Capitol Collections
Mayfair House, 11 Lurke St, Bedford MK40 3HZ
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