HETAS has agreed a deal with Prompt Payer whereby registered installers can sign up for premium membership of the scheme at the reduced price of £35 + vat.
Full membership of Prompt Payer normally costs £250, but the announcement means that HETAS registrants can have access to a range of free services including debt collection and loan brokering.
Membership of Prompt Payer provides support for businesses trading in tough economic conditions, including specialist advice and assistance from lawyers and insolvency practitioners, which can help with bad debt recovery. In many cases the debt can be recovered quickly and efficiently without damaging the long term relationship with the customer.
Over the last year Prompt Payer has collected debts for OFTEC businesses in excess of £1 million. They will collect any amount – the lowest amount has been £40 and the largest success over £100,000. Prompt Payer will handle everything required, right up to court action. The service is completely free for its members and any interest/fees collected under the Late Payment Act are retained by the businesses as well.
OFTEC-registered business Haven Heating, which has already used the debt collection service, said: “It’s a relief to have someone on our side. The service from Prompt Payer was second to none, they really do care. Without them I would have been up the creek, they take members’ issues seriously.”
The second most popular service offered by Prompt Payer is the loan broker scheme This is free to use and searches for lenders based on the business’s needs and creditworthiness. Almost a million pounds of lending has already been placed for OFTEC businesses. With the banks being harder on small businesses, the broker service is able to look at all avenues in the market.
Additionally, Prompt Payer are proud supporters of the Cystic Fibrosis Trust charity.
Contact email@example.com or call 01684 278170 to find out more about this exclusive arrangement.