Beswicks Debt Recovery
Head Office: +44 (0)1782 205000
Altrincham: +44 (0)161 929 8494Beswicks Debt Recovery
Beswicks Debt Recovery
Take action to protect your profits
Pursuing unpaid debts is time-consuming and frustrating. Beswicks Debt Recovery is a cost-effective solution delivered by legal professionals with proven results.
Bad debts can cost your organisation thousands of pounds in outstanding payments, not to mention the time and energy spent chasing unpaid invoices.
Beswicks Debt Recovery helps you to protect your profits, maintain a healthy cash flow and maximise your chance of recovering money that you are owed.
The key to our success is working in partnership with you to provide a tailored debt recovery solution.
Talk to us about
- Volume discounts
- Percentage recovery arrangements for written off debt
- Review of your existing terms and conditions to avoid debt occurring in the first place
- Review of your claims to interest – contractual, late payment or court interest
- Company check reports
- Asset pre-sue reports
- Full trace reports
- Enforcement of debts
- Debts in Scotland and Northern Ireland
- Regular progress meetings
- Training for your internal credit control teams
Don’t just take it from us...
Richard and his team at Beswicks Legal provide a clear and concise service. The advice given is consistently proven to render results for the client in the recovery of outstanding debt.
Proven results
Always provides an excellent service with an extremely good recovery rate.
Proven results
Their no nonsense approach is highly valued by us and whenever we have sought guidance we have remained confident of successful outcomes.
Proven results
The team fully understands our situation. They keep us up-to-date with progress and carry out our instructions efficiently. Beswicks offers great value for money and are really easy to work with.
Proven results
Case Studies
“With £750,000 of outstanding invoices, a business client turned to Beswicks for help to recover the money they were owed ”
A company contacted us for advice about how to recover £750,000 in outstanding invoices, which were seriously affecting their cash flow.
The company had entered into a contract for the supply of equipment and products for a large contract in the UK. Initially, payment of invoices was received but this started to slip leading to the build-up of the significant sum owed.
We discussed the situation with our client and created a plan to demand the full balance due plus interest and contractual costs.
A detailed Pre-Action Protocol letter was sent to the debtor company with all of the supporting documentation on which our client would be relying should the matter go to court.
In fact, a Statutory Demand pursuant to The Insolvency Act 1986 was served on the debtor company. Following negotiations and without the need to begin litigation proceedings, full payment of the outstanding invoices, interest and costs was recovered.
Case Studies
“An independent school entrusted their debt recovery to Beswicks Legal to ensure outstanding fees were recovered and relationships retained ”
Chasing outstanding invoices can prove tricky for many businesses, especially when they run the kind of organisation that relies on maintaining excellent relationships with those who owe them money.
We acted for an independent school, working with them to recover outstanding school fees.
Just like any business, a school has to be financially sound but faces unique issues when it comes to recovering debt. A balanced view needed to be formed on the best approach to take, with the welfare of the child in mind.
Although each case should be considered on its merits, it is also important that schools have robust policies in place and act quickly to prevent bad debt. So as well as recovering unpaid fees, we focused on the school’s signed letter of acceptance and their terms and conditions of business. This enabled us to successfully claim outstanding contractual interest, administration fees and contractual legal costs from defendants.
Clarity about cost
For an undisputed, business to business debt there would be a range of costs from £500-£750+VAT, depending on the complexity of the case.
This cost would include:
- Taking your instructions
- Carrying out appropriate searches through Companies House
- Calculating any interest due
- Reviewing your terms and conditions to calculate any contractual costs due under those terms
- Perusal of your terms and conditions with reference to your retention of title under those terms
- Looking over all your contractual documents
- Preparation of the pre-action protocol