Commercial Debt Recovery

If another business owes you money we can help you recover the debt. Many businesses pay once they receive a letter from us demanding payment within seven days.

From the outset we will work with you to ensure we claim all monies you are owed including any interest and debt recovery fees as set out in your contract or agreement with the debtor or, or alternatively interest and late payment compensation under the Late Payment legislation.

The compensation entitlement varies in accordance with the size of the debt. Late payment interest and compensation can act as a deterrent for persistent late payers and high credit risk customers and can be used as a negotiation tool to recover the amount owing.

From the start of our relationship we will:

  • Save you time and valuable resources in the collection of money owed
  • Devise strategies to maximise recovery of your debts
  • Provide you with continued support. advice and assistance throughout the debt recovery process
  • Ensure that your reputation is protected at all times by always acting in a professional, compliant and ethical manner
  • Provide you with Debt Manager access to enable you to keep yourself updated as to the progress of your cases at all times

Asset Trace Reports

During the collections process we can obtain a Full Asset Trace Report about your customer which would provide us with information that we can use to determine the most appropriate action to take.

They are particularly helpful for high debt value cases and for cases where it has been difficult to establish a sole trader’s whereabouts. The reports can be obtained at any point in the debt recovery cycle. The reports show whether taking court action is appropriate and cost effective and will help us to make recommendations to you on how to proceed. They can also be used at the post judgment stage to help determine which enforcement method is appropriate to use.

The Full Asset Trace Report contains details of the scope of work, executive summary, identity research, trace research, family connections, known associates, associated addresses, insolvency details, legal proceedings, target company/business research, active directorships, dissolved directorships, overseas directorships, non-limited company research, shareholdings, land registry searches, hidden asset research, property visits , property reports, condition, valuation etc. including photographs, asset register, condition, valuation etc. including photographs, credit referencing, press, media, internet and social media research, conclusion and recommendations.

If you have any questions about our service or would like to discuss your matters with us in greater detail, please contact the Business Development Team on 0330 024 6342