Bad debts can significantly impact cash flow and business performance. Recent research shows that the average bad debt incurred by SMEs has risen by a third, from £12,000 in Q1 2014 to £16,000 in Q2 2018. If your credit control processes are struggling, Essex Law is here to assist.
Every business has the right to be paid on time for the goods or services it provides. If your customers are failing to meet their payment obligations, Essex Law can help you recover the debt through legal proceedings.
Not only businesses can be owed money, an individual can be owed money too. Some examples of personal debts are:
Our clients include individuals, SMEs, and large companies across Essex and nationwide. While we recover debts through the courts, we always provide debtors with the opportunity to settle before initiating legal action.
We check each claim individually, and decide at the outset what would be the quickest way to get your money back.
We will also review the documentation supporting your claim to determine if you are entitled to:
Pre-action letters are sent with clear deadlines for response before a Claim is issued.
If no response is received, we will proceed to file a Claim with the Court. We will guide you through each stage, keeping you informed of our fees and seeking your instructions before taking any action.
For straightforward, undisputed cases, this work can be carried out on a fixed-fee basis. Examples of our costs can be found on our Fees page.
Essex Law’s team have been specialising in Debt Recovery in Essex for over 15 years. Come to us for sensible advice.
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