Isocube's service provides outsourced management of credit control, chasing outstanding debts and enforcing procedures to ensure that customers continue to pay invoices on time.

The service was established after feedback from Isocube's existing clients, who complained that because of the current economic climate they were having to wait longer and longer for invoices to be paid.
The firm, based in Kingfisher House in Walton Street, claims it has been trialled to 'great success'.

"At a recent business meeting, we found the question of chasing payments high on everyone's agenda," said Marcus Potts, Isocube managing director.

"People hate chasing customers for money, and worry about upsetting relationships and potentially damaging future business prospects. Too often in the real world, small businesses only chase money a few days before they desperately need it, and never send reminders."

He added: "We are polite and professional, but being at arms length to the customer, can have a dispassionate view about our task."

Isocube charges a flat fee for each invoice, which depends on the number of invoices which are to be collected.

Mr Potts said an average price would be around £20 per invoice. "That makes us a very cost effective option," he said.