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Debt recovery

Protecting your cash flow is vital if you want to keep your business afloat. If you are owed money, we can provide a tailored debt recovery service on a fixed fee, or percentage of recovery basis. We can even help you recover debts from debtors outside of the UK.

From sole traders to major plcs, local authorities to political parties, our debt recovery service is easily accessible to all for very competitive fees.

We are also able to work with you to help you minimise debtor issues arising in the future. Our highly experienced team can help you establish an efficient means of payment collection in-house.

First-rate record of recovery

Demonstrating a sensitive, yet determined approach to debtors, we have a highly successful rate of recovery. In fact, we’ve recovered debts that clients had previously written off. Upfront and honest, we’ll be the first to tell you if it’s best to send your own letter, or whether a debt can, or cannot be realistically pursued.

Debt Recovery Service Information

Our comprehensive information sheet explains the debt recovery service in full and outlines our suggested step by step recovery process for straightforward debts.

What is the difference between Debt Collection and Debt Recovery?

Debt Collection Agencies can be instructed to seek recovery as an alternative to pursuing a debtor through the Courts.  These agencies do not have any legal powers and cannot do anything different to the original creditor but will use letters, phone calls, texts or email and may even attend a debtor’s property to try and obtain payment.  They do not, however, have a right to seize any property or have a legal entitlement to recover the debt unless they bring an action through the Court.

Taking debt recovery action through the Courts means a creditor has a legal right to payment of that debt (if a County court Judgment is granted) and if payment is still not made, legal enforcement officers can then enforce the debt if necessary by seizing goods from a debtor’s property

Why choose Steeles Law Debt Recovery team?

We are proud that our team continues to hold on to their 1st Tier ranking within the Legal 500 publication, with Denise Traube being listed as a ‘leading individual’ for offering debt recovery advice in East Anglia, clients praise include ‘Happily recommend, very efficient’ and ‘Always efficient and provides and excellent service’. The Legal 500 provides the most comprehensive coverage on recommended law firms in the UK, for a full review of our 2020 rankings please our dedicated news page.

Work highlights include:

  • Recovering a debt of £140k for an insolvency practitioner from a director of an insolvent company
  • Recovery of unpaid school fees for Norwich based independent school
  • Debt recovery advice to former shareholder directors of large Norfolk based wholesaler
  • Recovery of broker fees

For more information on how the team can support you and your business, please call 01603 598000 or email info@steeleslaw.co.uk and a member of the team will contact you.