Commercial Debt Recovery

Our commercial debt recovery team has over 50 years’ collective debt recovery experience, pursuing individual and commercial debtors who have failed to pay invoices. The team has particular experience working with banks, accountancy firms, insolvency practitioners (as liquidators or administrators), surveyors, estate agents and other professional service firms for the recovery of unpaid fees.

We have developed a market-leading competitive fee-structure, with volume discounts for undefended portfolio debts.  Our approach to costs provides certainty and real value for money.  Our fixed fees include our work from taking your instructions through to enforcing judgments.

We have a state of the art bespoke online case management system to which you, the client, will have 24/7 access.  This allows us to deliver efficiencies by streamlining the process, and it gives you instant access to real-time information on each of your live cases; and our pricing structure is designed to give you certainty in relation to costs.

At the outset we will ensure we understand your aims and objectives, we will review your options with you and provide a realistic timeline based on your aims and the facts of each case. Sometimes, this will change dependent on the response (or lack of response) by the debtor(s).  Before commencing debt recovery action, we will also take into consideration what assets the debtor has, and ensure a cost-effective tailored approach is taken.

We aim to act on your instructions within 3 working days.  If we don’t have to issue court proceedings, we generally recover debts within 2 to 6 weeks.  More precise timing can be provided once initial steps have been taken and we know the debtor’s position. At that stage we can advise on any appropriate further steps.

Yes. If you have a written agreement it is likely it will specify what interest you can charge.  If you have no written agreement there are statutory provisions that allow you to charge interest on commercial debts.  Our debt recovery team are able to advise you on this.

It’s not uncommon for debtors to dispute debts or make counterclaims, regardless of merit.  If this happens we will review the arguments raised and advise you on the position and suggested next steps.  Where required, we have experts in other teams who we can call on to assist.  This ensures a joined up commercial and cost-effective, results focussed approach.

If the debt is clearly owed and undisputed, yes you can; and this can often be an effective part of our toolbox. However, if there is genuine dispute that needs to be resolved, this will not be the most appropriate method.  Similarly, issuing a winding up petition has certain consequences if the debtor doesn’t pay or other creditors join in, meaning you may not be able to stop the process even if you subsequently want to. Our experts can advise you on whether statutory demands and winding up / bankruptcy petitions are appropriate.

We regularly advise creditors on how they can exercise their creditor rights when their debtors have gone into administration / liquidation / bankruptcy, including (where appropriate) whether they can recover their goods and dealing with the administrator / liquidator / trustee in bankruptcy appointed.  We do this in conjunction with our Restructuring & Insolvency team.