Debt Collection Agency in Derby – Taurus Collections
Taurus Collections is a premier debt recovery agency in the UK offering effective risk-free Debt Collection services, established in 2010, with a no win, no fee model, serving clients worldwide, and is an exclusive Debitura partner, adhering to Debitura's risk-free standard terms and pricing.
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Company description
About Taurus Collections – Debt Collection in the UK
Taurus Collections is a leading debt collection agency in Derby known for its dedication to ethical and efficient B2B debt recovery. Established in 2010, the firm is recognized for its comprehensive approach to maintaining healthy client relationships and ensuring strong cash flow.
Proven Results
With a success rate of up to 85%, Taurus Collections delivers initial payments within seven days and achieves positive outcomes within 28 days. Recognized as a member of the Credit Services Association and the Federation of Small Businesses, the firm maintains high standards in debt recovery practices. These affiliations underscore Taurus Collections' commitment to professional excellence and ethical service delivery.
Meet the Team
Taurus Collections boasts a dedicated team driven by industry veterans. Led by Karl Baker, Director & Credit Manager, and Darren Tebbitt, Director, the team comprises five skilled professionals focusing on maximizing debt recovery for their clients. This specialized knowledge allows Taurus Collections to provide tailored solutions that effectively address the unique challenges businesses face in debt collection.
Services & Industries
Taurus Collections excels in providing key services such as pre-legal visit services, debtor tracing, and outsourced credit control. As an expert in pre-legal (amicable) debt collection in the UK, the agency ensures effective solutions for clients in various industries including telecommunications, construction, and manufacturing. As an exclusive Debitura partner, Taurus Collections offers risk-free (No Cure No Pay) pre-legal debt collection services that stand out in the market for their reliability and efficiency. For further context, see Debitura's UK debt-collection guide, which outlines local regulation and best practices.
Global Reach
Operating from its base in Derby, Taurus Collections extends its services beyond the UK to countries such as Germany, France, and Spain, among others. With a comprehensive international reach, the firm is equipped to handle cross-border cases efficiently, making it an invaluable asset for businesses looking to recover debts globally. This broad coverage ensures that Taurus Collections stays ahead as a trusted debt collection agency with a strategic international presence.
PRICING MODEL
As an exclusive partner, Taurus Collections provides pre-legal debt collection under Debitura’s Standard Debt Collection Agreement and standard pricing model.
This means no upfront costs for pre-legal recovery. Clients only pay a commission fee ranging from 10% to 20% in the UK, 25% in Europe, and 35% for the rest of the world if Taurus Collections successfully recovers the claim.
If Taurus Collections does not recover the claim, clients pay nothing, known as “No Cure No Pay” debt collection.
What success fee applies?
The success fee depends on debtor location, claim size, and claim age. Fees are 10%-20% in the UK, with specific rates for Europe and other regions. View pricing details here: https://www.debitura.com/pricing
Legal Action
In certain cases, legal action may be necessary, such as disputed claims or unsuccessful pre-legal efforts. Legal escalation is not covered by the standard No Cure No Pay agreement. If legal action is required, Taurus Collections provides a custom quote via the Debitura platform for client approval.
Process
To submit a debt-recovery claim to Taurus Collections, please first create a free profile on Debitura. Once registered, upload your claim through the Debitura portal, where the exact success fee will be clearly displayed prior to submission. During this process, you will digitally execute a Power of Attorney (PoA) via the Debitura platform, authorising Taurus Collections to carry out pre-legal debt collection activities on your behalf.
Debitura’s Standard Debt Collection Agreement
As an exclusive Debitura partner, Taurus Collections operates under Debitura’s Standard Debt Collection Agreement. The Agreement defines the Minimum Service-Level Requirements that must be met throughout the pre-legal stage.
Pre-Legal Debt-Collection Workflow
The exact collection strategy is tailored to each case, yet it generally follows these steps:
- Step 1 — Case approval (≤ 48 hours): Taurus Collections reviews the submitted documentation and confirms acceptance of the claim.
- Step 2 — Skip-tracing: Debtor location and contact details are verified and updated in the system.
- Step 3 — Formal demand notice: A written demand for payment is issued to the debtor.
- Step 4 — Multi-channel collection campaign (3–6 months): A coordinated campaign involving letters, emails, phone calls, and SMS messages is carried out to secure full payment. If immediate settlement is not achievable, an instalment agreement is negotiated and signed.
- Step 5 — Legal escalation (optional): If pre-legal efforts do not succeed within six months, Taurus Collections may recommend initiating legal proceedings. Legal action falls outside the scope of the Standard Debt Collection Agreement. All associated costs will be clearly quoted in the Debitura portal and will require your explicit written approval before proceeding.
Debitura provides a cutting-edge debt-collection solution that assigns each claim to highly qualified local experts for fast, customized action. Operating in 183 countries, the firm ensures seamless collaboration across borders. In the UK, Debitura offers a compelling no-cure-no-pay model, allowing clients to minimize financial risk. Interested creditors can explore the comprehensive debt collection agency UK page to discover critical details like statutory interest rates and collection timelines. Additionally, the UK debt-collection guide offers strategic insights to optimize recovery efforts. Learn more about Debitura’s extensive operations within the Europe debt-collection network to leverage regional expertise effectively.
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Top-Rated Debt Collection Agency in United Kingdom
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