Debt recovery can be a delicate business, requiring skill and careful handling. Chasing people to recover money they owe your business is time-consuming and a drain on your resources. We can help by taking the task of debt recovery off your hands.
We address each problem one stage at a time, reviewing our actions and results with you before moving on to the next stage.
In some cases, where the debtor has repeatedly failed to pay, we may recommend moving straight to court action.
In others, further negotiation is likely to be more appropriate.
We normally charge an initial fee for making contact with the debtor and then proceed on a case-by-case basis, as agreed with you.
QUICK AND EFFICIENT
Our aim is always to collect the money you are owed as quickly and efficiently as possible.
CONSIDERING COURT ACTION?
If all else fails, we can support your court action. We will discuss with you the approach which we believe will give the best debt recovery outcome.
CLIENT NOTIFICATION: Issue a letter to your client outlining your intention to take court action – often enough to encourage payment!
DELIVER A COPY SUMMONS: Deliver a copy summons to your client – a copy of the actual summons which will be issued if the full debt, including all costs and interest, is not paid within five days
COUNTY COURT PROCEEDINGS: Guide you in issuing County Court proceedings. Depending on the size of the debt – and if it is not disputed – we may suggest making a statutory demand, indicating that we are considering asking for the company to be wound up for non-payment.
TRANSFER TO HIGH COURT: Help you transfer to the High Court: enforcement officers will become involved and can use their powers to impose the order and recover the debt.
BREAK THROUGH YOUR CREDIT GLOOM
Let Philip Elliott Associates free you up to run your business, while we deal with your credit management.
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