business clients
Debt Recovery
During the height of the recession, receiverships, administrations and company voluntary arrangements rocketed by 65 per cent year-on-year, according to The Sunday Times, and the Insolvency Service also reported nearly 52 per cent increase in liquidations for the last quarter of 2008, compared with the same period in 2007. Many SMEs suffered and continue to suffer from the recession and late payments make matters worse and can destroy them by cutting off their cash flow.
As a result, in March 2009 we launched a new Commercial Debt Recovery Scheme to help companies fight bad debts and poor cash flow. The scheme is designed to be simple and user-friendly with fixed costs on a sliding scale, depending on the claim. The key benefits include:
- Recovery of debts with the fee only taken once the money is recovered
- The fixed fee includes insurance to protect against opponents’ costs
- Costs recovered may be used towards paying the fee
- The fee itself covers the case from beginning to end. The client knows from Day 1 precisely how much the recovery will cost.
Not only do we offer a no win no fee product, but we guarantee that cases are handled by Commercial Litigation Lawyers and not claims handlers. This means that the claim does not get stuck on a conveyor belt, but that recovery is made as quickly as possible with the lawyers not making idle threats.
The Scheme is managed by Andrew Petchey, who has been in litigation – often at the High Court and Court of Appeal in London – for nearly 20 years.
Our Debt Recovery leaflet gives more information on our services and costs and we would be delighted to hear from you if you have any questions.
Our clients say...
We are very pleased with the service we received. It has restored my faith in solicitors and I would be happy to recommned your services to others. "
Online services...
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No recovery, no fee debt recovery
Allow us (subject to an initial risk assessment) to recover your debt on a no recovery no fee basis. If we are successful all you pay is our fixed fee, which is agreed at the outset.
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Agency instructions
We are happy to accept instructions on all agency matters except criminal on a fixed fee basis.
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