Business Debt Recovery

Business Debt Recovery

Most small and medium-sized businesses face problems with customers paying on time or at all with 25% going out of business as a result of cash flow issues becoming a bad debtor themselves. Business debt recovery and unpaid invoices services have been set up to help save time and money chasing delinquent customers and stop bad debts getting out of hand.

Unpaid Invoices

Employing debt collection agents can be like using a sledgehammer to crack a nut, damaging your reputation and causing good customers to go elsewhere. They can also be ineffective and increase costs where the unpaid invoice in disputed where the quality of a service you supplied, or the goods supplied are not what was expected or there is a set-off against money owed to them. We offer a more diplomatic, safer and more cost-effective debt recovery service.

Commercial Debts

Traditional litigation and business debt recovery solicitors and law firms can be expensive and only deal with issues concerning late payment of commercial debts legislation, leaving small businesses owed money by private customers nowhere to go. Our service has evolved to meet this need offering a low cost, accessible and effective alternative to the high street.

Mediation

It’s not uncommon for people to hold money back and not pay if they’re unhappy with goods they’ve bought or services they’ve used until the problems or complaints have been dealt with. We aim to get to the root of the dispute and focus on finding and agreeing on a solution to get the business paid and keep the customer happy.

Statutory Demand

A statutory demand is a powerful and formal request for payment to be made within 21 days or face the prospect of a winding-up petition being filed against the company forcing them into bankruptcy and goods being seized and sold. However, there must be a clear and undisputed debt owed or the petitioner can expect to face the prospect of legal costs against them.