Is your business suffering because your customers aren’t paying you? Would you like to improve your cashflow and working capital? We can help.
During the last economic downturn, our clients began to ask if we could help recover bad debts from their customers. We wanted to help, so we created a team within our firm who specialise in just that. We aim for the best recovery rate possible, and our expertise means that we achieve a successful outcome in over 90% of the cases we pursue.
Commercial Debt Recovery
Cashflow is the life blood of any business and here at Backhouse Solicitors we help you keep the cash rolling in.
We offer a range of personally tailored debt recovery options, and we will work with you to find the approach that best suits your business. We can assist with anything from one-off debts to completely outsourcing your credit control function.
Why should you instruct us?
- a tailored debt recovery service for your business
- a dedicated manager appointed to your cases
- fixed fees starting at only £125 to recover undisputed debts – why pay a large percentage?
- a full litigation service available for disputed debts
- a straightforward letter writing service available to chase slow payers
- proactive, simple and cost effective debt recovery
- our collection service is professionally regulated, so your reputation is never put at risk by dubious practices
How does it work?
Upon receiving your instruction your debt will be allocated to a dedicated person, who will remain your point of contact at all times. If you have purchased one of our collection packages, we will send a letter before action to your debtor providing them with details of the debt outstanding and requesting immediate payment on your behalf. We don’t believe in just sending out standard letters though – we have a proactive personal approach to pre-legal debt recovery which we have found to be effective, reliable and cost effective. Speaking to a debtor can be quicker and more effective than just writing.
If your instructions are received by 3 p.m. we will aim to send the initial letter that same day or if the matter is complex, the next working day at the latest.
Fees and Fixed Price Packages
We offer fixed price packages for letter writing and undisputed debt collection. This ensures that you know what you are paying in advance and you won’t face any nasty surprises along the way.
Details of our latest prices are available to download here:
For more complex and disputed debts we will agree a fee structure in advance with you – this could be a fixed fee, an agreed percentage of the debt or an hourly rate.
We will always make full use of the Late Payment of Commercial Debts Regulations to maximise your recovery and keep costs to a minimum. In many cases our fees can be recovered from the debtor.
Credit Control Audit
A unique service which we also offer is a free assessment of your credit control function. We visit your office to meet your staff and understand how your existing credit control operates.
How will this benefit you?
- We will give you feedback on what you are doing well, and what areas you could improve
- We will teach you how to avoid the common pitfalls
- We might even be able to recover debts that you have previously written off
Don’t let your customers keep the money they owe you – contact Backhouse Solicitors today for a free initial consultation:
Tel: 01245 893400
Email: [email protected]
Visit: 71 Duke Street, Chelmsford, CM1 1JU
Or send us a message through the Contact Us page on this website.