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Catherine Rickett - Debt Recovery Manager
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New Debt Letter Rules - What Does Your Business Need to Do?

Catherine Rickett
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The way your business must deal with individual debtors is changing. On 7 October 2020, the Treasury announced new rules for debt letters that are less intimidating and provide more support for people in debt. The law is expected to be officially changed in...

Claiming VAT relief on bad debts

Catherine Rickett
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With the world in a very strange place and businesses struggling to pay invoices, there is every possibility that even if you have never fallen victim to a bad payer in the past, you may find yourself with a client who will not, or cannot pay you. If you...

Lifting of Enforcement Restrictions at Residential Properties

Martin Spencer
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COVID-19 and the lockdown brought about some tricky times for the enforcement of judgments. Whilst we have been able to instruct our High Court Enforcement Agents to attend commercial premises , there has been a blanket ban on attending residential...

Can you recover debts during the pandemic?

Martin Spencer
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Can we still pursue debts in the COVID-19 pandemic? Yes! Whilst we are asking our clients to take a ‘common-sense approach’ with their debtors at this time, we appreciate that cashflow is even more important now and in most situations, debt...

New Corporate Insolvency and Governance Bill 2020

Catherine Rickett
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A review of new legislation by Catherine Rickett and Alex Forster . On Wednesday 20 May the Department for Business, Energy and Industrial Strategy introduced the new Corporate Insolvency and Governance Bill 2020, the measures are intended  to...

How will the Coronavirus affect debt recovery?

Catherine Rickett
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With the current situation taking the country into a lockdown, we are being asked by our clients if we can still pursue debtors on their behalf. The easy answer to the question is yes , however careful thought and consideration should be given to the...

Cash flow even more critical than ever

Catherine Rickett
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With the coronavirus outbreak causing strain in the high street it’s even more important than ever to manage your cash flow.  In the last few days we have seen an increase in the number of enquiries from clients and potential clients asking how...

All I want for Christmas is... paid invoices

Catherine Rickett
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As a business, you may have seen an increase in sales during the run-up to Christmas – which is great news – until your customers are late making payment and your cash flow suffers as a result. It’s pretty common for people to overspend at...

How to keep up your cash flow

Catherine Rickett
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Health, wealth and happiness are the three most important things in our lives. But if you are a small business owner (less than 50 employees) the fact that your clients are failing to pay your invoices on time, may be making you ill. Not having the money you...

Avoiding unpaid invoices as a wedding vendor

Catherine Rickett
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If you’re a service provider in the wedding industry, this is your time of year to shine. Whether you are a photographer, a make-up artist, or a venue, how do you protect yourself from the last minute cancellation of a wedding? Unfortunately this can...

Charging orders - an effective debt recovery tool

Martin Spencer
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So, you have an unpaid invoice, issued legal proceedings and obtained a county court judgment against your debtor. What happens next? It’s likely that if you have reached this stage, your debtor has not been particularly co-operative and you need to...

Avoid a Christmas (debt) hangover

Catherine Rickett
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As a business, you may have seen an increase in sales during the run-up to Christmas – which is great news – until your customers are late making payment and your cash flow suffers as a result. It’s pretty common for people to overspend at...

What to expect if your claim is defended

Catherine Rickett
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So, you have an unpaid invoice, you’ve issued legal proceedings, and your debtor has defended the claim. What happens next? You’re now in the hands of the courts, which can be a worrying time if you’re not familiar with the procedure....

Brexit: what does it mean for debt recovery in the UK and beyond?

Catherine Rickett
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The good people of the United Kingdom could be compared with squirrels this autumn: stockpiling goods and cash ahead of the unknowns of another British winter and the imminent exit of the UK from the European Union. The deadline is 11pm on 29 March...

Six top tips to keep the cash flowing

Catherine Rickett
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Trying to keep a continuous cash flow when running a small to medium enterprise is incredibly hard. You are often so busy trying to find and retain valuable staff members, attracting and keeping clients, and dealing with all of the bureaucracy that...

Four key ways to recover your debt

Catherine Rickett
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You’ve issued proceedings and have secured judgment against your debtor, but how can you actually get your money back? Here, we consider four different methods of enforcement and how being more aware of the situation your debtor is in can help you...

Prevention is better than the cure when it comes to debt recovery

Catherine Rickett
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Whilst some current issues are out of everyone’s control, i.e. Brexit, what is vital in this difficult time is having a sound credit control system. We understand that you may have had the same clients for years, and agreements may well be...

Pre-Action Protocol for Debt Claims

Catherine Rickett
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Pre-Action Protocol for Debt Claims will come into effect on 1 October 2017 This Protocol applies to any business (including a sole trader or public body) claiming payment from an individual (including sole traders) and describes the conduct the court...