Cash Flow Problems?
We can offer you a simple and cost effective way of collecting your debts...
...We really understand BUSINESS DEBT
Even with the best credit control policy most businesses experience debtors who fail to pay for goods delivered or services provided. Payment delays ultimately cause thousands of businesses to fail and it is universally recognised that prompt action is the key to success recovery.
Don't let this happen to you - contact our specialist team immediately.
How we can help
We have created a tailor made debt recovery package which enables us to recover your debts effectively and at minimal cost to you. With our team's specialist knowledge of the court procedures we can guide you effortlessly through the court system, maximising the potential to secure payment of monies owed to your business.
Our fixed-fees are competitive and prove attractive to clients (especially where we are able to make recovery utilising the Late Payment of Commercial Debts (Interest) Act 1998) given that the majority of such fees are also recoverable from the debtor in addition to the debt/interest if a successful recovery is made.
Our Fees
WE DO NOT CHARGE EITHER AN ADMINISTRATION CHARGE AT THE OUTSET OR A CHARGE LINKED TO THE PERCENTAGE OF THE DEBT ON RECOVERY
For uncontested cases, our charges are on a competitive fixed fee basis (of which the majority can be recovered from the debtor) following a simple 5 stage structure
| Stage 1 | 14 day letter before action | £25 plus VAT |
|---|---|---|
| Stage 2 | 7 day reminder letter | FREE |
| Stage 3 | Issuing Court Proceedings | £60-£150 plus VAT and Court Fees- depending on size of the debt to be recovered |
| Stage 4 | Requesting Judgement | £25-£35 plus VAT depending on the size of the debt to be recovered |
| Stage 5 | Enforcement | This will depend upon the method of enforcement and the amount of debt outstanding |
If the claim becomes disputed, our special discounted hourly rate for Contested Debt Recovery Work of just £140 per hour plus VAT will apply.
In addition, if you require us to negotiate a simple settlement and/or instalment plan, we will charge a fixed fee of £45 plus VAT.
Contact us for our Full Pack
If you are interested in taking advantage of this competitive package, contact us immediately and we will send our starter pack to you containing our:
- Debt Collection Process Brochure
- Debt Recovery Terms and Conditions
- Debt Recovery Instruction Form
If you are happy to proceed to instruct us, once we have received our signed Terms of Business and an Instruction Form together with copy invoices, we shall immediately begin to collect your debts.
