Debt collection is difficult for businesses. You probably don’t have time to chase your customers and clients for the money they owe you – but we do. If your customer can pay you, but won’t, we can help.
We work with businesses of all sizes to collect debts of all sizes: from single debts of as little as £100 to complete debtor ledgers, worth millions.
We don’t use automated systems – we’ll look at your problem from all angles before deciding how best to go about it. Because our disputes lawyers know what strategies work, we can get your money back – plus interest and compensation – as quickly as the same day.
We can help you:
And, you don’t have to pay anything or take on any risk: when your customer pays up, they pay us, too.
For debts of £2,500 or more our fees will be 9% plus VAT charged at 20%
For debts of less than £2,500 our fees will be £250 plus VAT
At no upfront cost you may instruct us to send a ‘letter before action’ to the debtor demanding payment within a specific timeframe.
If you instruct us to send a letter before action to an individual, you can typically expect a payment or response from the debtor within 30 days.
If you instruct us to send a letter before action to a business or company, you can typically expect a payment or response from the debtor within 14 days.
If they fail to respond we will chase the debtor by telephone and provide you with a report on the outcome. If they do not pay you can instruct us to move on to Stage 2.
£800 plus VAT
We can issue a claim in the County Court and seek an undisputed judgment against the debtor.
In those circumstances, we would calculate interest on the debt, prepare your claim, lodge it with the court and request a judgment on your behalf.
When issued, the debtor will have a maximum of 28 days to lodge a defence to your claim. If they do not, you are able to instruct us to request a default judgment.
Statutory Demand — £800 plus VAT
Bankruptcy or Winding Up Petition — £1,500 plus VAT
If a certain criteria is met, you may also be able to get a Court to declare the debtor insolvent. As a pre-requisite to insolvency proceedings we can draft and serve a Statutory Demand providing the debtor 21 days to pay.
If payment is not received following service of the Statutory Demand we can present a petition to the court, arrange representation at the hearing, correspond with all the relevant parties and request a bankruptcy (individual) or a winding up
order (company).
£800 plus VAT
Once you have been awarded Judgment against the debtor, various enforcement options are available to you where we would charge a flat fee of £800. They include instructing bailiffs or applying for a charging order over property but exclude statutory demands and a petition (both of which attract Stage 2 costs). We will advise you of your options if and when we get to this stage.
Dafydd Park is an Associate in our Commercial Disputes team. Dafydd works on Debt Recovery matters and has experience of recovering all manner of debts owed by businesses and individuals.
Owen John is a Paralegal in our Commercial Disputes team. He assists Dafydd with Debt Recovery matters, and predominately assists businesses recover overdue payables.
We used Capital to recover a large debt owed to us by an international company who were ignoring our requests for payment. They were clear and decisive – the strategy worked perfectly and we were paid every single penny, plus interest and costs, within four days.