Status Reporting

Business Credit checks are key to protecting your company against late payments and unpaid invoices especially when offering credit terms to your clients. Credit terms may seem like a great way to increase sales, but they come with big risks attached. That’s why business credit checks reduce your risk bad debt and any untoward cashflow issues.

Credit checking a new or current client will provide an insight into their ability to keep up with payments, their trustworthiness when it comes to paying on time and any other potential issues with regards to their financial standing.

Your procedure for assessing a client’s creditworthiness should be as comprehensive as possible. It can become perilous for your business if you provide goods or services to companies that don’t pay their invoices.

If you’re new to credit terms and want to know how to credit check a company, or you’re simply reviewing your current processes, speak to us at Premium Collections to help build a full picture of a client’s credit profile which will help you stay protected. We can confirm whether a business is paying its other creditors on time and complying with Companies House regulations in addition to whether they are profitable or not. If you take legal action internally or wish to pre-vet potential customers then the results of the report could save you time and money.

We can also prepare credit reports on individuals to include whether they have any prior history of insolvency and if they own their property.

Expert Help From Expert Debt Collectors 

Premium Collections are industry experts in the field of Commercial Debt Collection, recovering millions of pounds every year. We deliver a unprecedented low cost debt collection service that maximises results.

Our expert and specialist staff have experienced every possible scenario and have the resources to deal with all situations in a professional and diligent manner. We ensure that no stone is left unturned in the pursuit of your debt and strive to achieve the very best results possible for our clients.

5 star customer service

20+ years of debt consultancy experience

Clients best interests in mind

Speak with one of our experts today

Our friendly team of agents are happy to help

Our Mission and Vision Statement

"To be the best in our field for the benefit of our clients."

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Contact Information

Head Office

Office 3

Caidan House Business Centre

Canal Road




WA14 1TD


Frequently Asked Questions

Is there a limit on how old a debt can be for you to chase it?

We can chase all debts up to 6 years old.

If my debtor has moved without providing a forwarding address can you locate them?

Yes we can. We work on a no trace/no fee basis.

If my debtor already has a County Court Judgment registered against them can you still help us?

Yes, we can help you with post Judgment enforcement of the debt.

What is your average success rate?

Every claim is different but overall we have a success rate of just over 80%. 

Can you chase foreign debtors?

Yes we can. We work throughout the World.

Do you just chase businesses or can you chase individuals too.

We can chase individuals as long as the debt is not subject to a regulated credit agreement. 

What is late payment compensation?
The Late Payment of Commercial Debts (Interest Act) 1998 allows creditors to add late payment fees 
to commercials debts. The fees are on a per invoice basis and are £40.00 for invoices up to £999.99, 
£70.00 for invoices up to £9999.99 and £100.00 for invoices of £10,000 and above. 
If my debtor disputes the debt can you still help me?

Yes, we will try and negotiate a mutually agreeable settlement with the debtor.

If I want to issue a County Court Claim against a debtor can you do that for me?
Yes, our legal team can issue the Claim on your behalf, obtain Judgment against the debtor and 
proceed with enforcement thereafter.