The leading commercial investigations franchise.
Our bluechip client base includes: Barclays, HSBC, Lloyds TSB and the DWP.
The Franchise that's booming in the recession
...and does VERY well at all other times!
1 person is declared bankrupt or insolvent every 5 minutes in the UK!
UK debt grows by £1 million every 8 minutes!
London House was established in 1995 and has built a national reputation for assisting business clients, law firms and banks through a range of specialist services involving its professional investigation skills. These include asset tracing, performing company searches, screening prospective employees, providing witness statements, writing status reports and investigating fraud.
Managing Director Godfrey Lancashire spent 25 years with Barclays Bank, the last five of them as Head of Risk Management, before co-founding London House with Brian Hughes, a qualified investigator with extensive knowledge of the legal profession and court procedures. They were joined in 2006 by Business Development Director Mark Blaber, who has 25 years of experience in the banking industry and is focused on building the company's national contract business.
The company has established 45 territories in the UK, which has enabled it to take on a range of national contracts with blue chip clients and government agencies including 14 of the 34 Official Receivers Offices in the UK (with negotiations to win business from the remainder ongoing).
WHY CREDIT MANAGEMENT SERVICES ARE BOOMING
With debt defaults on the increase and set for continued growth during the coming recession, banks are outsourcing more and more cases of bad debt to specialist companies to assist with recovery. However, it is not only the major creditors who are suffering - business from sole traders to major corporations are finding it increasingly difficult to get repayment on their trade invoices within agreed terms of trade. Increasingly, these businesses are also turning to specialists for assistance with collection of overdue accounts.
With collection proving increasingly difficult, more and more companies are investing in worthwhile credit checks at the underwriting stage before even considering offering credit. Specialist commercial investigators and credit service providers such as London House, whose services are in demand when the economy is faring well, are busier than ever during the downturn.
"The desire to have the flexibility and freedom of being self-employed, along with building a business in an industry I had a particular interest in, led to me looking at franchising. London House stood out as it would enable me to work within the legal profession and use my skills and talents gained from my previous career in sales and marketing.
'I started operating my Peterborough-based franchise in June 2003 and I received intensive training at the London House head office from Godfrey and Brian, founders of London House, as well as help and assistance from other franchisees. Since then I have had constant support and assistance from the staff who run head office.
'There is an opportunity to gain a good income with a London House franchise, and it is fair to say that if you work hard and market yourself correctly you should be able to earn between £60,000 to £90,000 per year. I have found that although I have always worked hard and have been lucky to earn a good income, I can now earn good money but do not have to put so many hours in. This has meant that I have been able to work a four day week and am able to play golf every Friday!
'London House would suit energetic people who want to create something for themselves, with the backing and support of being in a network. What people must remember is that you are only given so much work to build up the business - the rest is down to you."
Darren Ayres Peterborough Franchise Owner
London House offers two investment level options for aspiring franchisees. Its Standard package provides a town-sized exclusive territory and can be secured for £9,500, while its Premium package covers a larger, regional territory combining a number of population centres for an investment starting at £17,500.
Both packages includes the same level of comprehensive training, ongoing support, full marketing launch programme and access to a Franchise Help Desk, plus introductions to known clients and recommendations on local networking events.