redwood collections

AWARD NEWS SUMMER 2021 Redwood Collections receive, AWARD FOR OUTSTANDING SPECIALIST DEBT COLLECTION AND CREDIT MANAGEMENT SERVICES, FOR THE EXPERT WITNESS COMMUNITY 2021 It gives us great pleasure to announce the Federation of Forensic and Expert Witnesses Award Winners for 2021. Presented by the Federation of Forensic and Expert Witnesses, these independent awards are chosen by the Federation's professional team all of whom work with its members on a week to week basis.

As a member of the Federation and one of it's corporate partners, Redwood Collections was chosen as the recipient of this award for the company's outstanding work within the SPECIALIST DEBT COLLECTION AND CREDIT MANAGEMENT SERVICES FOR THE EXPERT WITNESS COMMUNITY. Redwood Collections is a multi industry debt & credit management company that over the past few years has firmly put itself on the map when it comes to debt and credit management services to the Expert Witness communities.

This has been spearheaded by Michael from Redwood Collections, who launched Redwood into this new sector and has never looked back. The team at the Federation has worked closely with Michael and feel that he and Redwood Collections have excelled all expectations; having already built up an impressive data base of very satisfied Experts who have instructed Redwoods services in debt and credit management.

Redwood has been able to draw on the company's established expertise and success in providing individually tailored debt and credit management solutions to many sectors, especially in the private education industry, where Redwood has built up an impressive reputation as a market leader. Therefore, it comes as no surprise to learn that the company is now expanding on its experience in that area with a dedicated team providing a professional service to the Expert Witness community.

Redwood offer a No collection, No commission scheme to help all its clients, as well as offering a full legal service with the opportunity for clients to access their cases 24/7 online. Key in selecting Redwood Collections as the recipient of this award, was the company's dedication to provide a truly customerfocused service, combined with a highly professional attitude, to each and every client.

This Award has been presented to Michael and the team for their hard work and services in the field of debt and credit management, that have been provided to their clients and to the Expert Witness community both in the United Kingdom and internationally .

2021 AWARDS

Redwood Collections offer; • Commercial debt collection • Legal and insolvency services • Credit management • Trace and investigation

The Federation of Forensic and Expert Witnesses are very happy to present the Award for 2021 to Redwood Collections and its Expert Witness Department.

• 24/7 online portal access

Incorporated in 2009, Redwood Collections represent in excess of 17,000 clients, many of whom list business with the Federation of Forensic and Expert Witnesses on a regular basis. Whatever your debt collection or credit management needs, award winning Redwood Collections have the expertise and resources to deliver a fast, efficient and cost-effective solution.

• Fully FCA regulated

If you visit Redwood's website www.redwoodcollections.com you will see examples of the company's outstanding work and satisfied clients.

You can contact Michael and his team at Redwood Collections, for an informal, no obligation discussion on 0203 8686569.

The Awards are independent to the Federation and are designed to raise the profile and highlight, in our opinion, the best experts and companies in their given fields. The Federation hope to bring this news to the attention of the lawyers and barristers that follow them on linked-in and who visit the Federation's site and read its E-mag that can be viewed at https://www. forensicandexpertwitness.co.uk

• International collection

Collecting debts for the Expert Witness community Redwood Collections are fast becoming the name for debt recovery and credit management within the Expert Witness sector. Over the past few years, we have taken a significant interest in providing a solution to a problem which is becoming increasingly difficult to manage.

Incorporated in 2009, Redwood Collections represent in excess of 17,000 clients, many of whom list business with us on a regular basis. Whatever your debt collection or credit management needs, they have the expertise and resources to deliver a fast, efficient and cost-effective solution.

If you visit their website www.redwoodcollections. com you will see examples of their outstanding work and satisfied clients.

You can contact Michael Rogers and his team at Redwood Collections, for an informal, no obligation discussion on 02038686569 This Award has been presented to Michael and his team for the hard work and services, in the field of debt and credit management, that have been provided to their clients and to the expert witness industry both in the United Kingdom and internationally .

The Awards are independent to the Federation and are designed to raise the profile and highlight in our opinion the best experts in their given fields. The Federation hope to bring this to the attention of the lawyers and barristers that follow them on linked in and who visit their site and read their E-mag that can be viewed at https://www. forensicandexpertwitness.co.uk

It is no secret that expert witnesses have an acknowledged and consistent problem with recovering their invoices from instructing parties, a problem that has not improved in decades. In many cases, there is simply no reasonable excuse for non-payment and is simply an act of contempt or carelessness on the part of the debtor. Covid-19 has only exacerbated the issue. Although some firms may genuinely require extra time and considerations, many have simply found that it serves as another excuse to unreasonably withhold payment.

Prevention is better than a cure and there are many practices that could be employed by experts to improve their chances of being able to recover invoices without the need for a third-party debt recovery agency or litigation.

“I write to thank you for the recent good work Redwood has undertaken on our behalf. Whilst it is always unfortunate to find ourselves in a position where a debtor is refusing to make payment it is comforting to know that in Redwood there is a capable solution” — INDEPENDENT SCHOOL, MAYFAIR “Our company had been trying for over two months and literally within 24 hours of procuring Redwood’s services the money was in our account. I will definitely be recommending Redwood as a company and utilise your services again” — AUDIO-VISUAL COMPANY, BUCKINGHAMSHIRE “Thank you for your service in collecting our debts. Your work is extremely professional and effective, while remaining diplomatic where needed. About 85% of our debts have been recovered within 3 months. I would recommend your service to anyone” — MANUFACTURING COMPANY, STOCKPORT

Something as simple as obtaining your debtor’s specific entity from the outset can make all the difference and with that in mind, here are some tips and suggestions on how to improve your own credit control: - Obtain your debtor’s specific entity (Smiths Ltd, Mr John Smith t/a Smiths Solicitors etc.)

- Credit check new clients and regularly review.

- Ensure your Terms & Conditions are made available prior to any agreement and perhaps even request they be signed by your client.

- Ensure that your expectations for payment are clearly laid out in your terms and conditions.

- Have a pre-determined (but flexible) process in place that is ready to action in the event of a late payment.

- Do not delay! Regular and timely credit control efforts will be more successful than a ‘’do it as and when’’ approach.

- Incentivise prompt payments with discounts or late payment charges/interest for overdue accounts.

In 2019, Redwood Collections took a specialist interest in the industry and the bad debt that plagues it and have since tasked a team senior staff in both Business Development and Account Management to work with and assist the expert witness community. Since the formation of this team, Redwood has become the leading and award winning debt recovery agency in the industry recovering nearly half a million pounds on behalf of it’s expert clients and forming partnerships and collaborations with recognised firms and institutions including the Federation of Forensic and Expert Witnesses, the Expert Witness Institute and Xperta.

As well as providing standard debt collection services, Redwood also provides a Credit Management service which utilises a respectful and sensitive opening communication with the debtor, designed to prompt payments without the threat of further actions or reprisals.

Specialist debt recovery services for Expert Witnesses

Unpaid invoices for your work?

Fast, fair and effective recovery of your money.

• No onerous contract or joining fees • 12% 10% commission rate (Typically 15%) • No collection, no commission

020 8288 3611 | www.redwoodcollections.com info@redwoodcollections.com

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