Debt Recovery & collection

Cashflow is paramount to the success of any business, and almost all businesses have difficulties in debt recovery and collection at one point or another, and sometimes regularly.

You may well have already attempted business debt recovery in house or via a debt recovery or collection agency and as a last resort, you now need legal assiatance. We approach business debt recovery in a methodical way, as follows:

• Rapid assessment of whether the debtor can’t pay or won’t pay
• Is the debtor alleging a defence or counterclaiming?
• Is the position on the debt clearly documented and are you sure you can pursue the correct company, individuals or legal entity?
• The value of the debt. Is it below the small claims threshold of £5,000.00?
• Would the threat of winding up/bankruptcy be likely to result in payment?
• The general attitude of the debtor. Has the debtor ignored phonecalls and letters from you and debt collection agencies. Do they already have judgments against them?
• The cost/benefit of instructing a solicitor

Our Debt Recovery Services

We can create and are experienced in tailor making a fully cost efficient solution for small debts, bulk debts or high value/high importance debts. Involving solicitors at an early stage tends to focus the debtors mind and shows you mean business, often a critical factor in successful recovery. Other benefits are that we can:

• Pursue the debt where it may be difficult for you to do so due to ongoing commercial necessity or relationships
• Attempt to preserve relationships with good clients by pursuing debts firmly but tactfully
• Use the latest technology to ensure an efficient, proactive and cost-effective service.
• Swiftly prepare and serve statutory demands where appropriate.
• Advise on the full range of enforcement options should you need to obtain a court judgment against the debtor.

What does it cost?

We can generally provide fixed, affordable fees for smaller debts or repeat business. With larger debts and/or defended debts we ensure that clients retain control of each step of the proceedings, and consult with clients at each main stage of proceedings to reassess costs/benefits/risks of the current position.

Please contact us now, either by telephone or by completing our debt recovery enquiry form. Alternatively, here is another free guide we have prepared.