Leading law firm Roythornes has announced that its Charity of The Year will be St Barnabas...
Chasing late payments can be frustrating and time-consuming, with unpaid debts having the potential to hurt your profits, leave you short of operating capital and even putting your entire business at risk of failure. Having a specialist business debt recovery team handle this for you is, therefore, often highly cost-effective.
Our commercial debt recovery team in Peterborough can help you to quickly and efficiently recover debts owed to your business. We can also advise and assist you with claiming interest and costs where appropriate whilst offering particular expertise in international debt recovery and volume debt recovery.
We understand the importance of cost for businesses, especially in relation to debt recovery. Our fee structure is based around fixed recoverable charges, so our debt recovery services remain cost-effective with our fees often being recoverable from the other party.
To help your business avoid bad debts in future, we also provide advice in-house credit control procedures, allowing you to better manage late payments in future.
Get in touch with our commercial debt recovery team in Peterborough now by calling 01733 898975 or feel free to pay us a visit.
Our Peterborough commercial debt recovery services
Our debt recovery team in Peterborough help businesses across Cambridgeshire, the East Midlands and East of England with a range of services, providing tailored support to match your needs.
Fixed fee business debt recovery
For most business debts, a well-written Solicitor’s Demand Letter is enough to secure payments. We offer fixed fee Solicitor’s Demand Letters in which we will set out the debt owed and when it must be repaid to avoid further action.
Our fee for a Solicitor’s Demand Letter will be waived if this approach is not effective and court proceedings are required.
Volume debt recovery
For businesses facing a large volume of debts from multiple individuals or businesses, we offer an efficient, streamlined volume debt recovery process. This allows us to swiftly deal with a large number of debts, unlocking large amounts of capital while saving you a significant amount of time and effort.
Court proceedings to recover business debts
While most debts can be recovered out-of-court by our team, we have strong experience with court debt recovery proceedings where required. Our debt recovery specialists can submit a claim to the relevant court on your behalf and represent you in court where required.
Where enforcement action is required to secure payment, we can advise you on your options and the processes involved, including applying for County Court Judgements (CCJs).
Credit control advice
To help minimise future late payments and allow you to manage business debts more effectively in house, we can offer advice on your internal credit control processes. Our debt recovery specialists can review your existing process, identify where there is room for improvement and give you the tools to more effectively chase outstanding debts in future.
Our commercial debt recovery fees
For our debt recovery services to be cost effective for your business, we need to make sure the fees you pay are always proportionate to the debt you are owed.
To achieve this, we offer fixed fee debt recovery services so you know the cost involved in recovering your debt from the outset. Where any additional cost will be required (e.g. if we need to initiate court proceedings) this will always be agreed in advance so you stay in control of your costs at all times.
In many cases, our fees can be recovered from the party that owes you the debt, meaning there is often no cost to you for recovering a business debt.
For more information about the cost of commercial debt recovery, please take a look at our debt recovery pricing.
Why choose Roythornes’ business debt recovery services in Peterborough?
Our highly experienced debt recovery team have the skills and expertise to quickly and cost-effectively recover business debts under even the most challenging circumstances.
The team is led by Roythornes’ partner Victoria Stevenson and specialist Debt Recovery Manager Catherine Rickett, who have many years of experience dealing with commercial debts both in and out of court, as well as with the enforcement of court judgements.
We will be happy to discuss your requirements by phone or via email and we can also visit you at your business premises for your convenience.
As well as our Peterborough office, we also have offices in Nottingham, Alconbury and Spalding, allowing us to offer a convenient local debt recovery service to businesses across the East Midlands and East of England.
Get in touch with our Peterborough commercial debt recovery solicitors
For help recovering a business debt in Peterborough, Cambridgeshire and the surrounding area, please call our specialist debt recovery team now on 01733 898975 or pay us a visit.