Debt Recovery
DEBT RECOVERY SERVICES DUDLEY
Cash flow is vital to all businesses. You don’t need us to tell you that without cash businesses will fail. If your business is owed money which is not being paid then you may need to use specialist debt recovery services.
We at Dudley solicitors realise how important recovering unpaid debts are for a business. Unpaid debts can cause many problems for you as a creditor. They can affect your profit margin and cash flow as well as sales.
The role of a solicitor is normally underestimated as they are not only useful at the last stage of the debt recovery process but are able to deliver excellent results if used before the business acquires many long term debtors. Dudley solicitors offer advice on debt management and credit control procedures at the very outset. They are able to ensure fewer debts become bad debts, ensuring your business runs smoothly.
Basics of debt recovery
At the outset we assess the likelihood of being able to recover the debt. Relevant factors taken into consideration are, the amount of debt owed, the viability of recovering costs and the profile of the debtor. Once we assess these details we will be able to take the most effective course of action.
Dudley solicitors take a proactive approach. Our methods of action could include phone calls and letters and statutory demands towards the petitioning of the winding up order. As a last resort we use a specialised Enquiry Agent Department to trace absconded debtors.
Why use us ?
Dudley solicitors are specialist debt recovery experts. In order to ensure swift payment we use the most effective legal and technological methods which means our team can offer an efficient debt collection service.
We will work alongside your own credit control department to maximise your cash flow levels and keep you informed of each stage of the recovery process.
Conclusion
If you have a difficult client or numerous unpaid debts please do not hesitate to contact us. At Dudley solicitors we deliver results using a firm but fair manner.