DISPUTE RESOLUTION / LITIGATION
Late or overdue payments can cause significant problems for any business, and quickly turn a profitable operation into one with cashflow difficulties. If there is no dispute over the amount owed, but no payment has been forthcoming, it may be beneficial to seek debt recovery advice.
Our legal experts have many years of experience in dealing with credit control and can help you to achieve full payment of the debt. Evidence suggests that the longer a debt goes unpaid, the chances of recovery reduce so swift action is essential. From advising over interest which can be added to the enforcement action you can take, our legal team can provide practical and economical advice on all areas of debt recovery.
For more information about our litigation services please call us on +44 (0)20 3475 6751 or email firstname.lastname@example.org
More information about Debt Recovery
Are you looking for commercial debt recovery? We can help with statutory demands and all aspect of commercial debts, including interest and compensation payments
Having an effective debt recovery strategy is vital for the survival of any business. With profits and returns based on clients paying what they owe, being left out of pocket could place a financial strain on your business.
There are many different strategies you can employ to follow up on unpaid debts. These may be relatively informal at the start, using your existing relationship to try and persuade your client to pay. Ultimately, if your business has debts which simply aren’t being settled, you’ll need to move to a more formal means of debt recovery.
We understand that when recovering debts, the last thing you want to do is spend a lot more time chasing payment that never arrives. That’s why a clear and simple debt recovery process which is proven to be effective is essential.
In many cases, a letter from your legal representatives is enough to persuade your client to pay. We act as an extension of your business and follow your commercial lead at all times. We understand the desire to protect your reputation so it is critical to tread a balancing line between chasing debt effectively and being too tough.
You are legally entitled to add interest to late payments and as a commercial debt you are also entitled to compensation. The amount you can charge is £40-£100 per overdue invoice plus interest at 8% above the base rate. This is in addition to payment of the original sum due. You may also be able to claim for legal costs (depending on the size of the debt).
Some of the processes we can use include:
- Letter before action
- Issuing a statutory demand
- County Court proceedings
- Winding up the Company
- Defended actions
We have an outstanding track record in commercial debt recovery. Our swift and effective strategies will help to improve your cash flow and ensure you are receiving the payment due.
YOUR LITIGATION TEAM
Acting for a high street food retailer in claims relating to theft and misuse of confidential information
Acting on behalf of housing Association Tenants in a class action against a well known UK Housing Association
WHY CARTER BOND
Unlike many law firms when we say partner or barrister led, we mean partner or barrister led. When clients work with us, they get constant access to the lead on their instruction. Yes, we have a team of solicitors and juniors for some of the groundwork and necessary research required by our clients, but this is when it makes financial sense to the client for us to do this. We provide constant contact at no extra cost as part of our service as most of our lawyers have their own business, so they know first-hand how important having a proactive, responsible and trusted partner on their side can be. And also how to work to a financial budget, and the way that legal decisions impact the wider organisation, which often requires balancing risks and competing interests.
Many ask us ‘what’s different about you?’ and we like to reply, ‘because we go the extra mile’. We see our work as building and maintaining good business relationships rather than just earning fees. How we do this is by keeping in constant contact with our clients and intermediaries. From pre to post instruction we ensure that our clients are informed of all legal issues that may impact their business and therefore lives. That is why we provide daily or weekly updates to ALL of our clients whether there is anything to tell them or not (we don’t charge for this we just see it as part of our service). We like our clients to rest peacefully knowing that when we are instructed, and we say ‘we will take it from here’ they know we mean it.
City quality, outer City fees
The world is changing, and many individuals are realising that lifestyle is as vital to them as is income. We are the lucky ones who can hand pick lawyers who can provide the best quality advice but at outer city costs. Our offices are in North West London which may not be the most salubrious in the market but at the same time this allows us to charge our clients for what they pay for, our advice NOT our office space.
ALL our lawyers have previously worked in large city-based law firms and continue to practise and offer the same high level service they provided to clients in the City but without the pressure and demands often dictated by City law firm. This allows us to be competitive on our fees without compromising our service.
All in all, our clients win, which is the way we like it.
Our knowledge and resources are yours
All our clients benefit from the same high level of care and attention whether the instruction is big or small. At the outset of each matter, we discuss the entire process with our clients, including the costs, potential outcomes and issues associated. This is to ensure clients are fully aware, knowledgeable and are in control always. Supporting and ensuring we provide the highest level of services, we offer our constant contact process with the partner or barrister leading your file, a document log in for matters which are for larger and more complicated instructions and on-going support post transaction should our clients require it. Our aim is not just to get the work done, but to make our clients’ lives easier as we do it, which is why we ensure that our clients have regular access to the resources they need from us.
“They gave us excellent advice and did fantastic work.”
“Very professional and knowledgeable.”
“Quick to respond and always stayed on top of everything.”
“Can’t recommend Carter Bond highly enough!”
“The team at Carter Bond operate ethically, efficiently and they work around the clock to make your goals, their goals.”
The COVID-19 crisis has led to financial concerns for many businesses so it wasn’t a surprise when the Insolvency and Corporate Governance Bill was read in Parliament on 20 May 2020. Known as the ICG Bill, it placed a moratorium on winding-up petitions to prevent a...
With the entire nation having to adapt to the major disruption that the global COVID-19 pandemic has brought along, it feels like life has been temporarily put on hold. Almost everybody is having to work from home if they can, and children are being home-schooled. The...
Covid-19 is starting to have a significant impact worldwide, affecting supply chains and daily commercial operations. While the short-term implications have seen many businesses close their doors entirely or switch to remote working where possible, the long-term...