Beswicks’ debt recovery specialists provide a dedicated professional debt recovery service and can support companies/individuals in every stage of the debt collection process.
We take pride in the fact that our clients view us as a seamless extension to their credit control teams.
Credit control is a crucial area of business management and cash flow is the lifeblood of any business. As such our services are designed to meet the debt recovery needs of businesses/individuals when payment problems arise.
For example, you may have outstanding invoices due from a debtor, outstanding rent and service charges due under a lease or monies due under a loan.
Our strategy will depend on the type of debtor you are pursuing, your previous connection /relations and how strongly you wish to pursue your debtor. We appreciate that you may wish to maintain business relations with some or all debtors.
Our debt recovery team can help you with:
Over the last several years pre-litigation conduct for debt recovery claims have become more comprehensive. However, there has never been a specific Pre-Action Protocol for debt recovery. Before commencing a debt recovery claim, parties should exchange requested information, act in a proportionate and responsible manner (particularly with relation to costs) and make every appropriate attempt to resolve the matter prior to starting proceedings.
We stress the importance of Pre Action Conduct to you, as the consequences of non-compliance can result in proceedings being stayed to allow the necessary steps to be taken, thus wasting valuable time and/or penalising the party at fault with cost sanctions.
Whether you are concerned with your financial position or you are being threatened with bankruptcy/winding up, we can help.
As of the 1st October 2015 you cannot take any action against an individual through the insolvency process if your outstanding debt is less than £5000. However, a claim against a limited company is still £750 or above.
Our detailed knowledge of the personal and corporate insolvency and our help with the peripherals may provide you with alternatives to your situation. If required, we can assist you through the insolvency process. Having the right lawyer in your corner can be crucial for protection.
We have a fully experienced Dispute Resolution team who are able to assist and help you. This department can handle full commercial disputes on your/your company’s behalf.
It is vital that any business has a full and robust credit control system in place. We can help you setup a procedure which credit checks on your customers, the identification of your customers, your terms and conditions of trading, your payment terms, your credit control procedures including letters/emails and your telephone calls processes.