Debt Recovery
We provide a business debt recovery service that is simple, effective and fast. We have specifically developed our commercial debt recovery service to deal with invoice debts, which means that, when payment problems arise for your business, we can focus on recovering your debts on a low cost, fixed fee basis.
We guarantee to send a letter before action within 24 hours of receipt of your debt recovery instructions. If you require a bulk debt collection service please contact us to discuss your requirements.
Our business debt recovery system operates on undisputed invoice debts, so our fixed fee service may not be apply to other types of commercial debt recovery, and does not include general advice on business debt recovery, or advice on your prospects of recovering your outstanding debts.
It is recommended that a credit/status check on your debtor is initially obtained, so as our debt recovery solicitors can ascertain whether it is a case worth pursuing. You can do this via a Companies House search or bankruptcy check.
Debt recovery health check
We provide a debt health check to businesses of any size to assess the level of their debt and advise on collection.
Your free health check includes
- Looking at the age and size of debt
- Considering which debts warrant action
- Assessment of your documentation and a review of existing customer terms and conditions
- Advice on debt, costs and interest recovery
- To arrange your free debt collection health check call us on 00350 200 60481 or complete our enquiry form and we will contact you directly.
Debt recovery steps
Debt recovery instruction form
Click here to download the form which you can complete and send back to us by fax or email.
Debt Recovery Instruction Form – PDF
Debt Recovery Instruction Form – DOC
Letter before action
A letter before action will be sent within 24 hours which demands payment from the debtor within 14 days failing which court action will be commenced. The Civil Procedure Rules, which is the Court’s guidelines, set out pre-action protocols which describes in the way in which we proceed before we issue court proceedings. This stipulates that a debtor should be given a reasonable time to respond and that as a general rule 14 days will be regarded as a reasonable time.
Failure to comply with the protocol can lead to costs consequences later if a claim is disputed.
Debt recovery statistics show that in 70% of cases where a letter before action is issued, court proceedings have been avoided.
Issue legal proceedings
If payment is not made in full after a letter before action is issued, on your instruction we will issue a claim at Court on your behalf, for a fixed fee. Our charges vary depending on the size of the debt involved.
The claim form will detail the debt due and will include a claim for interest and/or compensation, as well as solicitors fixed costs and the Court fee paid.
Judgment & enforcement
On your instruction, a request for default judgment is lodged at court where a debtor has failed to respond to the claim issued against them at court. Judgment is entered by the court for the total amount payable including all interest, compensation, solicitors fixed costs and court fee paid.
Late payment of commercial debts
We have developed our commercial debt recovery service to operate on a fixed fee basis for undisputed debt. Speak to us about commercial debt recovery or the interest and compensation which may be claimed under The Late Payment of Commercial Debts (Interest) Act 2003.
