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Progress Debt Recovery Expands its International Debt Recovery Service


Lancashire based Progress Debt Recovery has expanding its international debt recovery service following the opening of its Hong Kong office.
Progress already provides a debt recovery service for European based companies looking to recover debt from within the UK and also UK based companies looking to recover debt from within Europe.
The new Hong Kong office has been opened to specifically help the growing number of Chinese and UK business working together which naturally brings with it a growing number of financial disputes and the need to recover outstanding debt. Progress now offers a bilingual debt recovery service enabling both Chinese companies to recover debt from the UK and UK companies to recover debt from China.
The UK currently exports in the region of £7billion worth of products to China a year, with 2011 growing by 20% on the values of 2010, and the growth in exports to Hong Kong grew by 18.9% between 2010 and 2011 to £3.5billion. The US is still the UKs biggest trading partner but the fastest growing export markets are now India and Russia which is likely to open up new international debt recovery opportunities for companies such as Progress Debt Recovery.
Craig Adams, Progress Debt Recovery said “No longer do business only trade with companies in their own country, or have customers who are residents of that country so its natural we have to expand our services to meet these new needs. We are receiving more and more enquires every month from companies faced with cross border debt recovery issues and we felt it was important we could assist our clients with this. Our Hong Kong office now opens up a great deal of opportunities not only in china, but all across the far east and this is very exciting times for Progress”
Notes to editors:

Progress Debt Recovery is a professional debt recovery agency based in Preston, Lancashire. The company offers debt collection services and related services such as debtor tracing and process serving. Established in 2004, the company boasts a full legal team. Progress Debt Recovery’s client base encompasses small businesses and larger organisations from a broad range of market sectors.

In 2012, Progress launched a dedicated international debt recovery service for clients in China and Hong Kong.

Progress Debt Recovery is a member of the Credit Services Association and adheres to the Office of Fair Trading’s debt collection guidelines.


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