When taking on work for a new customer, it can be hard to tell whether they will develop cash flow issues and be unable to pay your invoices. When it comes to debt recovery, it is vital that that you know your customer and exactly who your customer is. You...
For most claims issued at Court after 1 October 2023, a new fixed recoverable costs regime will apply. The regime will apply to most debt recovery claims with a value of £10,000 up to £100,000. Where claims are valued at £10,000 or less...
One of the questions we get asked most often when we are out and about is “Is it worth me pursuing this debt with all the costs involved?” It’s not an easy question to answer. To some people, £500 is a lot of money, but to others,...
In May, it hit the news that the Prime Minister, Boris Johnson, had become the subject of a County Court Judgment for a debt of £535. However, before questions about what would happen if bailiffs turned up at Number 10 could be answered, Downing...
Getting a County Court Judgment (CCJ) is an important step in the debt recovery process and is often a relief to creditors. It is an official confirmation that the debtor owes money and must repay. However, getting the CCJ does not mean that the debtor will...
Are your debtors giving you excuse after excuse to avoid making payment? This could be having a detrimental effect on the cash flow of your business, especially in the current climate throughout the COVID-19 pandemic. Here are five reasons for...
It is all very well obtaining judgment against your debtor, but that does not necessarily mean that you can turn that judgment into cash. This can often prove the most challenging part of debt recovery and has especially been the case throughout the...
As of 4th May 2021, there will be a new scheme, which will allow struggling debtors time to ‘breathe’ and time to sort out their financial struggles. This new scheme is called The Debt Respite Scheme (Breathing Space) Guidance and comes from...
Businesses are finding it increasingly difficult to stay afloat as the Covid-19 pandemic continues to ravage the UK. Despite several recent vaccine approvals and the government introducing a range of financial support schemes – including the Furlough...
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...
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...
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...
Yes! Whilst we are asking our clients to take a ‘common-sense approach’ with their debtors at this time, we appreciate that cash flow is even more important now and in most situations, debt recovery action can still be taken. By common sense...
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 relieve some of the financial burdens on businesses as a result of the Covid-19...
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 approach...
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...
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 payments and your cash flow suffers as a result. It’s pretty common for people to overspend...
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...
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...
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 cooperative and you need to...
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....
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...
