Recovering overdue invoices is a key component of running a profitable business. Most trading entities will have their cash flow locked up in outstanding invoices. Once the Credit Control team have exhausted their process the next step is to outsource to a third party to take further action.
Making the change
A third party approach can make the difference to the recovery of outstanding invoices. Making threats and then not proceeding with the threatened action will only seek to increase the debtor days and delay cash collection.
We act for many businesses who instruct us on between 1-400 cases a month. We manage the process for you and you can view your matters in real time through an on-line portal. A brochure detailing our costs is available upon request. Letters before action cost £1.50 plus VAT for volume instructions. We also seek to recover the Late Payment Compensation and interest in order to offset the legal costs. We may also suggest a review of Terms and Conditions to include a recovery clause and maximise the recoverable costs.
We manage the process from LBA through to Court proceedings, obtaining Judgment and enforcement. We also offer a full insolvency service from serving Statutory Demands to presenting petitions to obtain a Winding Up or Bankruptcy Order.
We have acted for the same clients for decades and our commercial approach recognised within the credit industry having been nominated for and won national awards. We are recognised in Chambers & Partners Legal Directory and cited in the Legal 500 for debt recovery and commercial litigation.
Talk to the team
Our team of experienced lawyers will deal with matters form LBA to the eventual conclusion of the matter. We provide advice, tactical and practical steps throughout the process. We also offer a free telephone advice line to our clients for other areas of law and can refer queries to other teams to provide specialist advice. We offer a one-stop legal solution to clients, for further information please contact Jackie Ray, Head of Commercial Recoveries at email@example.com or call +44 (0) 1494 478 660.