Commercial Debt Recovery Service
Our commercial debt recovery team acts for you on a ‘no-win no-fee’ basis, up to and including sending a letter before action. If the letter before action is successful and obtains all or part of the debt, our fees will be 5% of the sum recovered, subject to a minimum of £20 per claim, plus VAT. If the letter is unsuccessful, you need not pay us anything and you can instruct us to drop the matter at this stage. In certain circumstances it is possible to add interest and late payment compensation to the outstanding balance, which will offset this charge in whole, or in part, if the debt is paid.
If you are still not paid, we will work on a time recorded basis for undefended debt recovery. We will provide a competitive estimate in each case. The court fee and a part of our fee (which is based on a sliding scale depending on the size of debt – we will advise how much) is added to the judgment debt by the court.
If you are still not paid after judgment, we will review with you the options for enforcement of a judgment debt, for example insolvency procedures. If instructed, we will carry out any enforcement action where possible on a fixed-fee basis.
The above only applies if the debt is not subject to a defence, either in correspondence or proceedings. If this is the case we offer you, for free, 30 minutes of an experienced solicitor’s time reviewing the claim. We will discuss with you the merits of proceeding and our charges for pursuing a defended action.
We also carry out various credit searches against companies and individuals.
Find out more about the seven stages of the civil court process.