Understanding Asset & Tracing Reports for Debt Recovery

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.…

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The Complete Debt Recovery Solution | Legal Recoveries

In today’s complex debt recovery landscape, businesses often find themselves juggling between debt collection agencies and law firms to reclaim outstanding debts. This fragmented approach can be time-consuming, costly, and inefficient. Legal Recoveries offers a unique solution by handling the entire debt recovery process under one roof, ensuring a more streamlined, cost-effective, and professional approach…

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debt management

How Legal Recoveries Can Help You Manage Your Debt

Debt Management: Need help? Have you been struggling with your debt management? Managing debt can be overwhelming, but Legal Recoveries, the debt recovery agency, is here to support you with professional debt management and recovery services. Whether you’re dealing with personal debt or unpaid invoices, our team can help create a clear plan to get…

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healthcare debt recovery

Case Study | NHS Ambulance Trust

Sector: Healthcare Debt type: Former Employee Debt Debt amount: £777.96 Amount Paid : £1,000.65 (ongoing payment arrangement) Costs to Client: £68.00 plus court disbursements   Brief The Ambulance Trust instructed us to collect £777.96 from a former employee. At the time of leaving their employment, a balance under the salary sacrifice agreement was owed.  The…

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tracing

What is Asset Tracing and Recovery

What is Asset Tracing and Recovery?   Asset tracing and recovery is a crucial process used to locate and reclaim assets that have been hidden, misappropriated, or unlawfully acquired. This procedure is often employed in various contexts, including fraud investigations, divorce settlements, and debt collection. Understanding the basics of asset tracing and recovery can be…

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Case Study | NHS Trust Commercial Debt

Sector: Healthcare Debt type Commercial Debt amount: £3,500.00 Amount Recovered: £4,637.91.00 Costs to Client: £557.02   Brief An NHS Trust instructed us to collect £3,500 from a commercial debtor who had failed to pay for a silver conference sponsorship package. At the point of our instruction by the Trust, no money had been repaid and…

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Defended Claims and Court Delays Update

Defended Claims The HM Courts & Tribunal Service (HMCTS) has introduced new practice directions for Defended Claims to include mandatory mediation for the “Small Claims Track”, introducing a new track called the “Intermediate Track”. We anticipate that the change will have a positive impact and expect to see an increase in small claim cases reaching…

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Healthcare debt recovery

Sector Spotlight: Debt Recovery in the Healthcare Sector

With budgets across the healthcare sector and the NHS in particular already tight, managing and recovering outstanding debt has never been more important for organisations operating within this industry. Debts can take many forms – from private patients who owe money for services they have accessed, to commercial debt that has accrued internally through the…

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debt-recovery

What is debt recovery?

Many people have heard the term ‘debt recovery’ but often, they do not understand precisely what it involves and the process that must be followed. Debt recovery can be both time consuming and resource heavy, so we appreciate how much of a drain it can be on a company’s finance or credit control team. In…

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New Year, New Brand

Introducing Our New Brand   We are very excited to announce that we have kicked off the new year with a complete overhaul of both our brand and our marketing strategy. We saw 2024 as the perfect time to invest in our brand, as we prepare to enter an exciting new chapter with our official…

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Client Newsletter Autumn 2023

Welcome… To our autumn client newsletter and to all new clients that have recently come on board we hope you’ve all had a good summer. We had a busy one and we are extremely proud to have been re-appointed a place on the prestigious LUPC framework. We have been a supplier on this since 2013,…

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What Is The Debt Recovery Process?

Debt recovery is the process of collecting overdue invoices and payments from customers . It is a crucial part of any business, as it helps to ensure that all outstanding debts are collected and that the creditor remains financially secure. The debt recovery process involves several steps, such as identifying delinquent customers, sending out notices…

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LRC CELEBRATE 21 YEARS OF TRADING

Leading debt recovery and litigation specialists Legal Recoveries and Collections Ltd (LRC) who are based in Nottingham celebrate a significant milestone birthday of 21 years on 1st July. LRC was established in 2002 as the result of an MBO from one of the UK’s top international law firms. LRC are regulated by the SRA and…

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Client Newsletter December 2022

Welcome To our client newsletter and to all new clients that have recently come on board. Please read on for our Christmas opening hours, an update from the recent CSA conference and the cost of living crisis, along with a recap of a couple of our services. LRC Key Christmas dates 2022 Royal Mail First…

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Client Newsletter October 2022

Welcome To our Autumn client newsletter, and to all new clients that have recently come on board. Don’t delay, instruct us today! With the current economic climate it would be wise to review your ledgers and send over any late payers to us sooner rather than later, the fresher debt the easier in theory it…

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20th Anniversary for LRC Ltd

20th Anniversary for LRC Ltd Legal Recoveries Collections Ltd was established in July 2002 following a management buyout from one of the UK’s top international law firms. It has been a rollercoaster of a journey. As mums with young families, we had not considered being business owners but when the opportunity presented itself we knew…

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Covid and remote court hearings

Rachael Ward, Head of Litigation at Legal Recoveries & Collections Ltd, considers how the Covid pandemic has impacted litigation procedure and if changes are here to stay. At the outbreak of the pandemic and the lock down that occurred with a speed and extremity that took us by surprise the Court system had to and…

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Client Newsletter – March 2022

Welcome to our spring newsletter, we are all so ready for the lighter evenings and warmer days! This month sees us introduce two new staff members, Jayne McFarlane to the Debt Support Team, and Penny Daisley as our new Head of Business Development who will be responsible for all new business and heading the business…

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Client Newsletter January 2022

It has been over 2 years since we last undertook a review of our fees and we wanted to let you know that with effect from the 21st February there will be a couple of changes to all of our existing fee scales. We are also in the process of reviewing fee scales individually and…

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LRC Key Christmas Dates 2021

Christmas last posting dates • 1st class – Saturday 18th December • 2nd class – Tuesday 21st December   Christmas Opening Hours • Friday 24th December – CLOSED • Saturday 25th/Sunday 26th December – CLOSED • Monday 27th December – CLOSED • Tuesday 28th December – CLOSED • Wednesday 29th December – OPEN • Thursday…

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Take Advantage of LRCs under one roof services

LRCs expertise spans across debt collection services, dispute resolution, litigation, and insolvency services – and we think this makes us pretty unique.   Rachael Ward – LRCs in-house lawyer, specialises in disputed and defended cases. Rachael has been part of the LRC team for over 4 years. With a wealth of knowledge and experience in…

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Client Newsletter – May 2021 LRC are Moving

We are pleased to announce that we are relocating our office on the 21st May 2021. This is an exciting move forward for the business. Our new property is situated in the city centre within a regeneration area which has a new green, pedestrian friendly public space and the offices will provide the perfect amount…

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LRC Key Christmas Dates 2020

LRC Key Christmas Dates 2020 • 1st class – Friday 18th December • 2nd class – Wednesday 16th December   Christmas Opening Hours • Thursday 24th December – Closed • Friday 25th December – Closed • Monday 28th December – Closed • Tuesday 29th December – Open • Wednesday 30th December – Open • Thursday…

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Debt recovery during the Covid – 19 Pandemic

Newsletter & COVID-19 Update Nov 2020

This month sees further disruption to us all with another lockdown, read on for updates on changes to the High Court Enforcement Agents rules. We also have some important fee updates to tell you about. Please do get in touch with the client services team if you would like any further information or assistance:clientservices@legalrecoveries.com We…

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Debt recovery during the Covid – 19 Pandemic

Debt recovery during the Covid – 19 Pandemic

With many businesses struggling financially as a result of the coronavirus, creditors are being encouraged to work with debtors and show forbearance to agree mutually acceptable payment arrangements. The pandemic has disrupted businesses and placed them under financial pressure. Maximising debt collection will be many businesses’ priority to secure their interest but also as a…

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celebrate-trading

LRC Celebrate 18 Years Of Trading

Leading debt recovery and litigation specialists Legal Recoveries and Collections Ltd (LRC) who are based in Nottingham celebrate a significant milestone birthday of 18 years on 1st July. LRC was established in 2002 as the result of a MBO from one of the UK’s top international law firms. LRC are regulated by the SRA and…

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What Is Utility Debt?

What Is Utility Debt?

Running into debt can be a regular theme in modern times, with the upkeep of homes being rather expensive. This can include your utilities bill, too. Utility debt can be built from missed payments on your homes essentials, like gas, energy and water. By doing so, these debts can build if put on the backburner,…

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How debt collection agencies work

How Debt Collection Agencies Work

If you have defaulted on a credit card, a personal loan, or even a utility bill payment and have perhaps received a letter from a debt recovery agency, it might be worth familiarising yourself with these agencies and how they operate. This can help you figure out how best to work with them. Having clear…

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COVID-19

Coronavirus (COVID-19) Further update

We have increased home working so that all staff are working from home to enable us to continue with as much business as usual activity as possible, with a small number of key staff in the office on a rota basis. In addition to this, we are arranging to increase the amount of web chat…

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How to Recover Debts

How to Recover Debts

At LRC we offer bespoke debt recovery solutions to a wide range of businesses and organisations in the public sector. Through our many years of experience, we have handled over 323,000 cases with a value of over £525 million both in the UK and overseas. We have put together this article to help you better…

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COVID-19

Coronavirus (COVID-19) Update March 2020

With recent news of the Coronavirus (COVID-19) we want to reassure you that we are taking all possible precautions to protect our office, clients and debtors during the outbreak and provide some information on the steps we are taking. Our Staff We are regularly reviewing updates from Public Health England and providing information to our…

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newsletter-january

Newsletter January 2020

Welcome Welcome to our January newsletter. We hope you all had a good break. This month we are really pleased to tell you about a new service available to you – our Mini and Full Asset Trace Reports. These new in-depth reports can provide valuable information on your consumer, sole trader or limited company debtors,…

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LRC Key Christmas Dates 2019

LRC Key Christmas Dates 2019 • 1st class – Friday 20th December • 2nd class – Wednesday 18th December   Christmas Opening Hours • Tuesday 24th December – Closed • Wednesday 25th December – Closed • Thursday 26th December – Closed • Friday – 27th December – Closed • Monday 30th December – Open •…

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Legal Recoveries

Newsletter – Autumn 2019

Client Newsletter Autumn 2019 Welcome to our Autumn newsletter. In this edition we focus on the High Court Enforcement Agents and their role in recovering your debts. This month also sees us introduce three new staff members, Zoe Burton and Lauren Olson to the Debt Support Team, and Garry Duke to the Legal team as…

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Client Newsletter May 2018

Client Newsletter May 2018 This month we continue to work hard preparing for the new General Data Protection Regulations (GDPR) coming into play on 25 May 2018. We warmly welcome on board a new member of staff Alex Hesketh our new Business Development Executive, along with a number of new clients ranging from a utility…

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