Commercial Debt Recovery
If late payments are negatively impacting your business’ cash flow, it’s time to take action and seek legal advice. Our team of solicitors in Plymouth have a wealth of commercial debt recovery and collection experience and specialise in helping business clients recover debts and resolve disputes. We aim to achieve the best possible outcome for our clients with minimal fuss. No matter how large or small the issue, we’re here to help you.
Debt Recovery Services – what we do
We have a wealth of experience in commercial debt recovery and dispute resolution. No matter how complex your issues, we can provide practical and pragmatic advice that gets results.
In the first instance, we’ll send the debtor a ‘Letter Before Action’. This letter outlines the value of the debt and a timeline for repayment. Often, this results in the debtor settling the debt quickly. Consequently, this means the matter doesn’t need to go further.
Otherwise, we’ll begin court proceedings if the debt is not settled. Court proceedings typically take the form of a County Court Judgement (CCJ). The CCJ can be enforced in several ways, including instructing bailiffs or high court enforcement officers. Some different enforcement processes can be used, including warrant of control, third party debt order and statutory demand.
However, if the debt continues to go unpaid despite recovery attempts, insolvency procedures can be put in place. These include bankruptcy for individuals or liquidation for companies. Our first-class commercial debt recovery services include:
- Giving realistic Cost-Benefit analysis of litigation
- Bespoke reporting on recoveries
- Injunctions and interim applications
- Recovery of overpayments and mistaken payments
- Commercial Agents commission disputes
- Shareholder disputes
- Director’s Loan recoveries
- Reputation management and defamation
- Construction industry debt recovery
- Retention monies recoveries
We use innovative strategies to try and achieve the best results possible for our clients. We work closely with them to try and understand what is at the heart of the dispute. This approach allows us to devise tactics to help resolve even the most long-standing issues. In the past, we’ve worked with sole traders, SMEs and PLCs across the South West. Our clients come from a wide range of sectors, including retail, manufacturing and hospitality.
Debt Recovery solutions – how can we help?
Our commercial debt recovery process is flexible and can be tailored to our client’s individual needs. Furthermore, some set steps need to take place to enforce the debt collection process legally.
We ensure that communication is at the heart of our service. We keep clients up to date with what is happening and aim to report efficiently and effectively. This approach allows us to provide our clients with practical advice on what steps we can take. Using innovative strategies, we try to achieve the best results possible for our clients. We work closely with them to try and understand what is at the heart of the dispute. This knowledge means we can devise tactics to help resolve even the most long-standing issues.
Our team of commercial debt recovery specialists will always try to go the extra mile. We advise on all forms of commercial disputes and how to resolve them. Consequently, we aim to pre-empt future problems. As such, we can help our clients find ways to resolve issues and protect their businesses from future risk.
Alternatively, you can arrange a call back from one of our Solicitors in Plymouth by submitting our contact form.