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Debt Recovery

Our efficient and cost effective debt recovery service results from extensive and proactive use of information technology which can be personalised to satisfy the specific needs of our clients’ businesses.

We continually invest substantial time and funds in upgrading our systems so that we can continue to offer our clients progressive and competitive solutions to debt problems.

We offer fixed charges for all common debt recovery procedures.  In most cases, this is limited to the Solicitors’ costs that the Court allows us to recover from the debtor so that using us is frequently more cost effective for clients than in-house debt recovery.    Time-based charges apply only when a case becomes irregular or disputed.   This clear charging structure assists our clients to budget for the costs of debt recovery.

For undisputed debts we also offer fees which are dependent upon recovery so that we share the costs risk with our clients.   The amount of any such contingency fee is dependent upon our risk assessment.

For business to business debts we recover compensation and interest pursuant to the Late Payment of Commercial Debts legislation.

Many businesses issue County Court Claims themselves in an effort to save money.   However, this is generally more costly for the business in terms of time, delay caused by difficulties with Court procedure and the fact that we usually recover considerably more for our clients than they are able to by themselves.

 

FEATURES OF OUR DEBT RECOVERY SERVICE INCLUDE:-

 

Extensive experience of many types of business debt including general trade, property management, agricultural, consumer credit, education, etc. Debts of any size.Individual or high volume instructions.
County Court, Insolvency and High Court proceedings. Clients of any size from PLCs through medium and small businesses to  individuals.
Scottish, Irish and foreign clients pursuing debtors in England and Wales. Tracing and status reports and company searches through our network of enquiry agents and process servers
Debtors based overseas as well as in the UK. Completion and lodging of proofs of debt and proxies in insolvency cases.
Sterling or foreign currency debts. Appropriate representation at creditors’ meetings in insolvency cases.

READ OUR ARTICLE ON INSOLVENCY AS A TOOL FOR DEBT COLLECTION – click here

READ OUR ARTICLE ON THE INCREASE IN COURT FEES AND ITS EFFECT ON DEBT COLLECTION – click here


Our people with expertise in this service