Credit Control & Debt Recovery
At ACUMEN BUSINESS LAW we recognise that cashflow is the lifeblood of any successful business. A robust attitude to credit control can help to increase overall profitability, reduce interest charges and borrowings and help the cashflow of your business.
The strength and speciality of our Credit Control Department is in reducing the amount of bad debt for our client's businesses. It is astounding to see how many businesses who have large amounts of money owed to them, simply write off this hard-earned cash.
As part of the Legal MOT we offer to businesses, we have developed a simple 5 step internal process that helps to substantially reduce the bad debt within a company. This, along with other simple yet effective tools, has proved very successful in helping clients to combat bad debt and improve their cashflow.
When needed, the Credit Control Department at ACUMEN BUSINESS LAW can assist at all stages of the debt recovery process, from pre-action debt recovery through to court proceedings and enforcement.
For all undisputed debts, we can instigate fast and effective recovery action, designed to recover your money in the most efficient way possible, under our Fixed Fee Debt Recovery Service. As part of this service, each stage of the debt recovery process is charged at a fixed fee, from a pre-action demand for payment through to a request for judgment. In the unlikely event that your debtor still refuses to pay, we also offer a number of enforcement methods in order to give you the best prospects of recovering the money owed to you.
Throughout all this, we consistently apply business acumen to ensure that all strategies deployed serve the commercial as well as legal needs of our client's business. We recognise that no two matters are the same and consequently take a stance that is tailored to each individual case.
The services that we can offer include:
- Late Payment Demands and Letters Before Action
- Preparation, issue and service of court proceedings
- Management and pursuit of claims, including trial if required
- Requests for Default Judgment
- Applications for Summary Judgment
- Enforcement proceedings, including statutory demands
- Pre-contract and Pre-litigation credit reports
- Bankruptcy and winding-up petitions
- Agency advocacy Credit recovery and Consumer Credit Act matters
- Mortgage - repossessions, arrears recovery, possessions sales
All credit control relating to undisputed debts is carried out for a fixed fee. Should the matter be contested, the Commercial Dispute team is well equipped to deal with the relevant proceedings.
ACUMEN BUSINESS LAW - You'll be glad we're on your side!