Nothing is more exasperating than doing a good job and then struggling to get paid for it. Cash flow is the lifeblood of any company and effective credit control has never been more critical to business success.
Unfortunately, outstanding debts and late payments are becoming increasingly common. If this is something you are facing, help is available from the dedicated debt recovery team at Pickering & Butters.
We work with businesses of all sizes across a range of industries and can help you to recover even the most challenging of outstanding payments. We can also advise you on ways to improve your internal credit control processes, helping to ensure more reliable cash flow in future.
Our Staffordshire debt recovery lawyers have an exceptional track record of success, offering a friendly but firm service that enables us to recover outstanding debts while preserving your key business relationships wherever possible.
Speak to one of our expert debt recovery lawyers in Stafford and Rugeley now by calling 01785 603060 or send us an email and we will get back to your promptly.
Our business debt recovery service in Staffordshire
It all starts with getting to know the circumstances surrounding your unpaid bill. This will allow us to ascertain whether you will benefit from our involvement in recovering the monies owned.
Each debt recovery claim is approached based on its individual merits, and we’ll always adopt the most cost-effective route to securing payment. If we believe that the chances of success are minimal, then we’ll be completely upfront with you.
Something positive to think about is that many debts are almost immediately resolved simply by the sending of a solicitor’s letter and that in a lot of cases there is no need to take the matter any further.
If however it does become necessary, then you can rely on our tenacious efforts and expertise in pursuing the debt all the way, and in dealing with enforcement should this become necessary.
Our debt recovery solicitors can advise you on issues including:
- Letters before action
- Issuing court proceedings
- County Court Judgements (CCJs)
- Late Payment of Commerical Debts interest and compensation
- Enforcement action (including instructing bailiffs)
- Attachment of Earnings Orders
- Charging Orders on property
- Winding-up petitions
Business debt recovery FAQs
Will getting solicitors involved cost me future business?
You may have been hesitating to engage outside assistance to pursue a debt because you are worried about how this could affect your future relationship with the person or business that owes you money.
This is a common concern and something we genuinely understand at Pickering & Butters. You can have complete peace of mind that your concerns will always be considered, and that we’ll aim to keep everything as amicable as possible.
We always start with a friendly, non-confrontational approach when appropriate and in most cases simply being contacted by a solicitor is enough to prompt payment of an outstanding debt. We will only escalate matters with your consent and where strictly necessary to ensure your business is not left out of pocket.
Will I need to take someone to court to recover a debt?
In most cases, we can recover business debts without the need for court action. Many outstanding payments can be resolved with a simple solicitors letter as this demonstrates to the debtor that you are taking the matter seriously.
Where this is not enough to resolve the matter, we can issue court proceedings, but in our experience the majority of people who owe a business money will arrange payment long before the matter reaches court.
However, in some cases it may be necessary to deal with the matter in court. We will then ensure you are effectively represented and that the appropriate action is taken. A court can take various actions, including issuing a County Court Judgement (CCJ) that can incentivise a debtor to pay what they owe you, as well as measures to enforce payment, such as instructing bailiffs to recover the debt directly.
How much does debt recovery cost?
We understand that when chasing a debt owed to your business, value for money is a key consideration. After all, there is no point spending £1,000 on legal fees over a £500 debt. We will therefore advise you from the outset of your various options and how much they are likely to cost you, so you can decide on a cost-effective course of action.
How long does debt recovery take?
Exactly how long it will take to recover a debt depends on the circumstances. In many cases an outstanding payment can be resolved in a matter of days, as many debtors will pay quickly once contacted by our solicitors.
If court action is required, there are set time limits in place that should give an idea of how long the debt recover process will take.
Debtors will usually be given 14 days to respond to court proceedings. They will then either need to make payment or dispute the debt. If they dispute the debt, they will usually be given an additional 14 days to present their case.
If the debtor does not respond or offers a response, but the court finds in your favour, they will likely be issued with a County Court Judgement (CCJ). This normally gives the debtor 28 days to make full payment or have the CCJ attached to their credit record for the next 6 years.
Why choose Pickering & Butters’ debt recovery solicitors for your business?
Pickering & Butters is one of Staffordshire’s longest established law firms, with our history stretching back over more than a century. However, we are also one of the most forward-looking law firms in the region, committed to using the latest innovations and modern technology to provide a truly modern legal service.
We work with clients from a wide range of businesses across a variety of sectors, helping them to recover business debts, as well as advising on various other aspects of commercial law. Our debt recovery solicitors have a reputation for providing a fast, cost-effective service, allowing you to unlock vital capital while freeing you up to focus on the day-to-day running of your business.
We have been Lexcel accredited by the Law Society, recognising our high standards of practice management and client care, and we are regulated by the Solicitors Regulation Authority (SRA), offering reassurance that we continue to meet the highest legal and professional standards at all times.
Get in touch with our debt recovery solicitors in Stafford and Rugeley
Need help chasing money owed to your business? Or looking for advice on improving your internal credit control procedures? Contact our debt recovery solicitors in Staffordshire now by calling 01785 603060 or sending us an email.