Credit Control & Debt Recovery
Cash is King!!
At ACUMEN BUSINESS LAW we recognise that cashflow is the lifeblood of anyCredit control 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 is also able to provide a pre-court recovery service for a fixed fee of £50.00 + VAT. Being part of a business law firm means that where further measures are needed, we can also instigate court proceedings and enforcement, fast and effectively, for a fixed fee starting from £100.00 + VAT.
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 work 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!
Our areas of expertise include: