Wonderful service from start to finish.
Debt Recovery Solicitors in Chandler's Ford
Every business will experience their periods of growth as well as times of financial hardship, whether that is due to factors within their control or external contributors.
All organisations should therefore have well defined and tailored credit control processes in place detailing how they will ensure there is sufficient cash flow in place to account for any future eventuality. When this is not the case and businesses struggle to recover outstanding debts, this can lead to unpaid debts of their own, the threat of broken business relationships and uncertainty for their employees and their reputation.
How can Warner Goodman LLP reclaim my debts?
Our Debt Recovery team has been supporting organisations with their business to business debts for over 35 years, working with a variety of seniority levels within the business as well as many different sectors, such as retail, hospitality, manufacturing and distribution networks.
Many businesses may believe they can recover outstanding invoices on their own, however this takes time and effort that you may not be able to spare. By coming to us, we can remove the burden from your shoulders and manage the entirety of the process, from the pre-action protocol to enforcement of the judgment, as follows:
- Pre-action protocol - this differs between business and individual debts. For business debts, we will send your debtor a Letter Before Action (LBA) which will confirm to them the amount that is outstanding, the contract or terms and conditions in place that require payment is made, when the payment was due and what action will be taken should they continue to default on their payment.
- Court application - in the unlikely scenario that the LBA does not encourage payment from your debtor, we will then manage the Court process on your behalf, which can be burdensome when attempted in-house.
- County Court Judgment - the next step following the Court application would be to apply for a County Court Judgment, which most organisations will wish to avoid as this will impact their future credit rating.
- Enforcement of the judgment - finally, if we have not been successful up until this point, we will work in conjunction with our third parties to obtain the payment in other ways.
Through our unique pricing structure, state of the art software, years of experience and wider connections, you can ensure a swift, pragmatic approach to your debt recovery needs, seeking to maintain your relationship with your debtor if you wish and reviewing your current credit control practices to reduce the risk of future issues arising.
How much does debt recovery cost?
When you are faced with cash flow issues due to unpaid debts, you may not wish to consider further expenditure to chase that debt. Seeking external legal support however could mean the difference between continued chasing, using up your valuable time and resources, and recovering your debt at minimal cost.
We are so confident that we will be able to recover your debt, we have revolutionised our pricing structure which removes the financial risk from you and places it with us. You can find out more about our pricing on our Debt Recovery - Pricing Structure page, or you can contact us directly to discuss your debts with Brian Kirby, Head of Debt Recovery, or a member of the team.
All of your staff who we’ve had dealings with are extremely approachable & helpful. Brian Kirby is excellent, he is totally professional, but also pragmatic. He handles things speedily & efficiently. It is a great pleasure to work with him.
For more information about working with us to recover any debts owed to you, or to find out more about how we can assist in streamlining your credit control processes, you can call Brian today on 023 8071 7421 or email briankirby@warnergoodman.co.uk.
As well as the debt recovery advice we can provide, you may also find the following information useful: