Nursery fees debt collection

Nursery fees debt collection

Nursery owners have expressed their frustration that paying nursery fees are often low on parent’s financial priorities and can appear the easy option to miss during a tight month. Many nurseries walk a fine line between rising costs and wage increases and the need to keep fee increases in check.

Nursery Sector Debt

Nurseries play a vital role in the lives of millions of parents across the country. They enable them to go back to work and resume a career after maternity leave and provide a safe and stimulating environment in which their children can learn, grow and flourish. However, nursery fees need to be carefully factored into a family budget to ensure they can meet the costs of the care. According to The Money Advice Service* the average cost for a full-time nursery place for a child under two is £232.84 per week.

Nursery owners

Nursery owners have expressed their frustration that paying nursery fees are often low on parent’s financial priorities and can appear the easy option to miss during a tight month. Many nurseries walk a fine line between rising costs and wage increases and the need to keep fee increases in check. This can ultimately lead to nurseries experiencing cash flow problems and having to look to ways to collect all outstanding fees.

One of the problems stems from the close and caring relationship that builds up between nurseries and the families, making it difficult to tell them they must pay their debt. Some nurseries may simply be too nice to ask for the money to be paid back.

Paying Nursery wages

However, goodwill and embarrassment do not pay wages or cover running costs and many more nurseries are now taking a pro-active approach to reclaiming their debt. Daniels Silverman are already helping nurseries to get their finances back on track by collecting these debts in an ethical, firm but fair way. They understand that these cases need to be treated sensitively if the relationship between the nursery and the family is to remain good.

Large debts with Nurseries

There are also cases where people have run up large debts with nurseries and then withdrawn their children and walked away. It is vital to retain the services of a reputable collection agency in order to recover these debts. Daniels Silverman does not ask for any fees up front which could further impact your cash flow and will work diligently on your behalf to reclaim the money and protect your business.

Professional debt collection

Using Daniels Silverman means we can ascertain why the debt has not been paid and there may well be a genuine reason why people have fallen behind. Using a professional agency means we can help all parties find a solution and move forward with relationships intact.

We understand that sometimes things in business happen and there might be a genuine reason as to why your customers have been unable to pay for services rendered. Sometimes, once you take the time to ascertain why they cannot pay, the solution is easily fixed. The appropriate steps can be taken. For a helping hand reconnecting with your customers and getting back on track, get in touch with us today on 0800 953 3631 or visit our website and start a chat session with one of our Business Development team.

http://www.danielssilverman.co.uk/contact

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https://www.moneyadviceservice.org.uk/en/articles/childcare-costs