We know how crucial it is to have a secure cash flow and how any debts owed to you can adversely impact on the running of your business, your ability to grow your business, keep within your own banking facilities or obtain finance generally.
We offer a straightforward debt recovery service, allowing you to concentrate on running your business while collection of monies owed is taken care of on your behalf. We work quickly and effectively to recovery the debt on your behalf.
Debt Recovery stages:
- We issue a letter before action advising the debtor they have an outstanding debt which requires payment. We offer this service for a fixed fee of £50 plus VAT, regardless of the size of debt. In many cases, the letter before action is all that is required to prompt the recipient to pay whatever monies are owed to your business.
- If the debtor fails to pay we will start court action including a claim for the debt due, interest and costs. We may in certain circumstances advise you to consider starting insolvency proceedings against the debtor.
- If the debtor fails to respond to the claim we will enter judgment and then take action to enforce the judgment debt. The method of enforcement will depend on the financial circumstances of the debtor.
- If the debtor disputed the debt we can deal with the contested legal proceedings on your behalf
We have a fixed charging structure for debt recovery work.
Get legal advice about recovering a debt today by calling us on 0333 577 5677 or complete our online contact form.