When you are not paid, your business is stopped. Healthy cash flow allows pay staff and suppliers, purchase more stock, invest and innovate. So when unpaid invoices put a stop to this, you need to be prompted for commercial legal help with your debt collection and asset recovery procedures

Our commercial Debt Collection and Asset Recovery team can assist your business with maximizing cash flow cost-effective with your in-house credit control and finance functions, and provide a spectrum of services that comprise expert, cost-efficient, and flexible debt recovery.

Key debt collection services

• Reconciliation & Auditing – assist your review of current process systems, and control related to cash flow management, credit control, and management of debt recovery when required
• An extension to your credit control provision – help you either temporarily or in the longer term to offer early arrears credit controlling.
• A ‘triage’ style review of your debt ledger, collegiately assist your team to review cases at the pre-legal stage as to their readiness for court action
• Pre-litigation phone reconciliation and due diligence solutions: assist you with resolving queries ahead of its proceedings, due diligence assessment determining what the most cost-effective method of progressing will be; income and expenditure assessment and payments plan set-up and monitoring.
• Insolvency – from bankruptcy for winding up, we work very closely with our Corporate Recovery & Insolvency team and can support your needs from bespoke high-profile instructions to volume requirements.
• Volume litigation support in circumstances where your own in-house team remains involved, and we advise from instruction through to judgment and enforcement

Debt collection and asset recovery works examples

• Pursuing an African company through the English courts to enforce/recover a debt obtained in Africa.
• Recover a large debt for a motor parts supplier from a customer who attempted the debt by closing and reopening businesses.
• Obtain settle at mediation of a large payment from an international bank under a complex services supply agreement.
• Acting for invoice finance and factoring companies specifically tailored for the recruitment industry. We overcame a defense and counterclaim involving allegations of incompetent and unqualified staff.

Specialist experience in the recruitment sector

In addition to acting for invoice finance in the recruitments industry, we also act for in excess of 170 agencies in matters ranging from:

• Undisputed debt recovery arising from unpaid invoices
• Disputed invoices and claims arising therefrom
• Acting for both former employment agencies and former consultants in injunctive proceedings.

Charges

Please see our Charging Structure for details of our charges for this service.

How we work with you

Key aspects act Technology has been providing a high level of service to our clients. There are numerous ways to offer our counsel. In our initial interactions with you, we discuss the best ways to meet and how you would want to be contacted.

• Over the telephone
• Via video conferencing
• In face to face meetings

We’ll talk about how you’d like to be contacted and the best ways to get to us in our initial conversation with you.