Bad debts have an impact on cashflow and can effect business performance. If your credit control procedures are failing then as one of the leading debt recovery solicitors in Cheshire we will be glad to see if we can assist. Any business has a right to be paid on time for the goods or services it has provided. If customers fail to pay we are here to chase the debt on your behalf.
Our clients range from small businesses to large public companies across Cheshire and the North West but no job is too small.
Our Approach as Debt Recovery Solicitors
We believe in a pro-active approach and whilst some debts can be recovered with a letter or a phone call we will, where necessary, commence legal proceedings on your behalf with a claim for interest, costs and compensation. We will remind the debtor of the compensation due under Late Payment of Commercial Debts Regulations. Once statutory interest begins to run in relation to a qualifying debt, the supplier becomes entitled to a fixed sum in addition to the statutory interest on the debt.
Your Choice for Debt Recovery
We will take a commercial approach keeping in mind at all times the importance of keeping costs within sensible limits dictated by the size of the debt.
Then there are occasions when you have to decide whether to take the next step and issue Court proceedings. Again, for straightforward, unpaid invoices, we have a fixed fee approach to issuing claims. We can provide more information about this if you decide to contact us.
Letter before action
Before any Court action is taken by us on your behalf, we will send out a letter before action to the debtor. The cost for this letter in the case of a straightforward unpaid commercial debt is between £25 and £40.
These costs apply where your claim is in relation to an unpaid invoice which is not disputed, and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.