Dear Client, Welcome to our Spring newsletter, we want to take a moment to extend a warm welcome to our new clients who have recently joined us. We are thrilled to have the opportunity to work with you. Today we focus on “Knowing Your Customer” (KYC) and we highlight the importance of this as one…
Debt recovery is a critical aspect of financial management for businesses across various industries. Unpaid invoices and overdue debts can severely impact cash flow, making efficient debt recovery strategies essential. At Legal Recoveries, we specialise in industry-specific debt recovery solutions, offering pre-legal collections and legal recoveries tailored to different sectors. In this article, we will…
Managing outstanding debts is a critical aspect of financial health for both individuals and businesses. Deciding whether to pursue legal action or write off a debt requires careful consideration of various factors, including the debtor’s financial situation, the amount owed, and the potential costs involved in recovery. Legal Recoveries & Collections (LRC) offers an Online…
Dear Client, The Ministry of Justice have recently published its response to a consultation on plans to increase selected Court and tribunal fees to reflect inflation. If approved, these fees will increase from 1st April 2025 and we have listed some of the main changes below for you. Sealing a writ of control/possession/delivery (High Court)…
Recovering outstanding debts can be a challenging process, especially when debtors fail to respond to initial requests for payment. This is where enforcement methods come into play. Once a debt has been legally recognised through a County Court Judgment (CCJ) or similar legal ruling, creditors can take further steps to enforce repayment. In this blog,…
In today’s rapidly evolving business landscape, ensuring financial stability requires more than just effective sales and service strategies. One crucial yet often overlooked aspect is the ability to identify and verify legal entities to mitigate the risk of unpaid fees. Implementing robust Know Your Customer (KYC) procedures can help businesses assess risks, maintain compliance, and…
Credit control is one of the most crucial practices that businesses, both large and small, should prioritise to maintain smooth operations and healthy cash flow. Whether you are a service provider or a product-based company, having a robust credit control system in place is essential for protecting your financial interests. In this blog, we will…
Dear Client, As the festive season approaches we want to take a moment to extend a warm welcome to our new clients who have recently joined us. We are thrilled to have the opportunity to work with you and are committed to providing you with the highest level of service as we navigate your debt…
Asset and Tracing Reports are powerful tools in the debt recovery process. Whether used during the pre-legal stage to assess a debtor’s financial standing or post-judgment to determine the viability of enforcement, these reports provide crucial insights. At Legal Recoveries, our bespoke reports combine advanced research methods with manual assessment, offering unparalleled accuracy and value.…
Effective credit control is vital for maintaining a healthy cash flow and ensuring the financial stability of your business. By implementing robust credit management practices, you can minimise the risk of bad debts and enhance your company’s profitability. In this article, we explore key credit control strategies and how Legal Recoveries can assist in optimising…
Head of Dispute Resolution
Gaurav is the designated supervisor for Dispute Resolution and oversees the team to maintain the high standards our clients deserve.