Debt Recovery Solicitors

Outstanding debt can have far-reaching consequences, affecting your cash flow, hindering productivity, and potentially straining relationships with suppliers and clients. We understand that chasing these outstanding payments yourself will take your valuable time away from the business and lead to more frustration should your efforts fail to lead to payment.

Our Business Debt Recovery Solicitors are committed to providing you with a swift and effective response, tailored to alleviate the burden on your business, while also preserving the potential for continued positive relationships. We actively seek amicable solutions and open communication to preserve your professional connections, ensuring that deadlines are met and acted upon when required.

We have extensive experience in debt recovery for businesses of all sizes, having successfully navigated diverse industries, enabling us to tailor our approach to your specific needs. Our strategic and methodical approach to debt recovery ensures that every case is handled with precision and care. During the process, we will keep you informed at every step, providing regular updates and addressing any concerns you may have.

Debt Recovery for business

We understand that time is of the essence when it comes to debt recovery, and our proactive approach is geared towards minimising disruptions to your business operations. There are several steps in the process to recovery of debts, including:

The first step when collaborating with us is to provide us with all of the details of the outstanding debts to allow us to understand the situation, the nature of the debt and whether you wish to have an ongoing business relationship with the debtor.
The next step is to send a Letter of Claim in accordance with the Civil Procedure Rules Pre-Action Protocols.
Should the debtor make contact to discuss payment options, we can assist with the negotiations to lead to a mutually beneficial resolution.
Where payment is not received or negotiations fail we can take Court proceedings with a view to obtaining a County Court Judgment against the debtor.
If payment is still not forthcoming after a judgment has been entered, we can advise you on enforcement action.

It is understandable that you may feel you are in the perfect position to chase payment yourself; you know your business, your relationship with the debtor and you may feel confident that you can make time for chasing.

In reality, however, the process is more complex and time consuming than sending the Letter of Claim, which is only one stage of many that can be needed for successful recovery of the debt. A Letter of Claim coming from a Solicitor will set the tone for the stages that will follow and demonstrate to the debtor that you are taking this lack of payment seriously. We can also phrase the letter prudently to maintain any business relationship, should you wish to. Additionally, a Letter of Claim that does not include the required information could impact your chances of recovery further in the process.

Once the letter has been sent, there are specific deadlines that must be met and when you are busy running your business, this can be overlooked, leading to further delay. By using our Debt Recovery Solicitors, we can remain on top of the time limits at play, chasing when necessary and advising you of your options should payment remain outstanding.

Contact our Debt Recovery Solicitors

We understand the financial strain that overdue payments and outstanding debts can impose on your business. Our specialised team is adept at handling a wide range of debt recovery cases, offering you the expertise and support needed to safeguard your financial interests. Contact our Debt Recovery Solicitors in Andover, Romsey, Salisbury, Totton or Witney by using the Contact Form, emailing info@parkerbullen.com or calling your local office: