Debt Recovery

Our Debt Recovery specialists have in-depth knowledge across a range of sectors.  

Being paid on time is essential to your business. Taking control of your debts minimises their impact and having effective ways to improve cash flow secures your business confidence and plans for growth.

We work together with our clients on the recovery of “business to business” unsecured debt, guarantee and indemnity claims, or a range of property issues including rent arrears and service charges.

Our team of legal experts use innovative ways to recover debts with support from market-leading case management. They can provide reporting information designed to your needs, ensuring a transparent, efficient debt recovery process. Across both transactional work and more complex litigation, clients recommend us for our approachability, range of options, service excellence and significant cost reductions.

To find out more about Debt Recovery, please contact our Debt Recovery Team today using our Contact Us form.

Free Credit Check

Available to all our clients to assist in enhancing cash flow and maximising recoveries, let our professional and experienced debt recovery specialists help you to use the right strategy for your business to improve credit control techniques, your approach to chasing debt and ensuring that your employees understand the importance of cash collection.

Contact us for a free credit check up. 

 

Service charge and ground rent

It is vital for the efficient running of your property management company that charges are paid in full and on time.

When payments are outstanding and arrears accumulate, you need to act quickly to ensure a speedy recovery. Management companies can find themselves under huge pressure from creditors if they have not received the arrears from the tenants in order to pay them. Ground rent and service charge arrears can build up fast and before you know it, property management can suffer.

When you need urgent assistance, our property recovery specialists act quickly and decisively to help reduce your arrears ledger, or provide valued advice and guidance upon the options in cases of an inability to pay.

We will ensure recoveries are made promptly to avoid cash flow issues and help keep the company running properly.

 

Specific types of Debt Recovery

Debt Recovery work generally falls into two distinct areas:

Disputed debts

Have goods or services not been supplied on time or to specification? This will be dealt with as a Business Dispute.

Claims of less than £10,000 which are defended will be dealt with in the Small Claims Court.

If a claim is defended, our Dispute Resolution Team will carry out the work at their hourly rates plus VAT.

Undefended debts

Where you are either receiving (a) promises of payment shortly but no actual money is materialising or (b) complete silence. It also covers situations where you have secured a judgment and you are not sure how to go about enforcing it.

Our Debt Recovery Team deals with undefended debt matters and has a range of fees to suit you.

For further information on costs, click here.

Click here to also view Debt Recovery FAQs and our fact sheet on Enforcement.

Can The Debtor Pay ?

Assessing whether the debtor is a “won’t pay” or a “can’t pay” customer is essential to the success of legal proceedings.

We have access to a number of specialists who can provide “pre-sue” assessments or debtor profiling” reports to guide you on the commercial risks of a particular defendant.

Getting judgment is the first stage of the process. We understand that getting paid is the objective. We provide unrivalled expertise and an efficient approach to recovering your debt.

Quick links

Contact us

Support for you, your family and your business. Get in touch today by phone or enquire online. 

Tel: +44 (0) 1276 686 222

Debt Recovery Team

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Our pricing guides

Our pricing guides are for standard services and may be subject to increases where an individual case requires non-standard services. All prices are in Sterling (£) and VAT will be charged on top of the price at the applicable rate.

Price estimates for all other services are calculated once we know more about your individual case.  Contact us for more information.

London

Amadeus House, 27b Floral Street, London, WC2E 9DP.
+44 (0) 203 755 0557

Camberley

Building 9, Riverside Way, Watchmoor Park, Camberley, Surrey. GU15 3YL.
+44 (0)1276 686 222

Wokingham

27 Broad Street, Wokingham, Berkshire. RG40 1AU.
+44 (0)118 977 4045

info@herrington-carmichael.com

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