Debts can be a significant effect on a business’s cash flow and performance. Recent studies show that the average debt incurred by SMEs has risen by a third – from £12,000 in Q1 2014, to £16,000 in Q2 2018. If your businesses credit control processes are struggling, Essex Law is here to help.
All businesses have the right to be paid on time for any goods or services provided. If your customers are failing to pay on time, or meet their payment obligations entirely, Essex Law is here to help you recover debt through legal proceedings.
Not only businesses are able to be owed money, individuals can be owed money too. Some examples of personal debts are the following:
Our many clients across Clacton and the UK include individuals, SMEs and larger companies. While we recover debts through the correct court processes, we always provide debtors with the opportunity to settle before initiating any legal action.
Essex law check each individual claim and decide what would be the quickest, and easiest way to get your money back to you.
We’ll also review any documentation supporting your claim to determine whether or not you are entitled to:
We send pre-action letters with clear deadlines to debtors for a response before any claim is issued.
If we don’t receive a response, we will proceed with the correct court processes to file a claim officially. We will guide you through each stage, keeping you informed of our fees and seeking any instruction from yourself before taking any action.
For simple, undisputed cases, this work can be easily carried out on a fixed-fee basis. Examples of our costs and fees can be found on our Fees page.
The team at Essex Law have specialised in Debt Recovery in Clacton for over 15 years. With our extensive experience, come to us for advice.
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