Debt Recovery Services

Good cash flow is essential to the success of any business. The members of our debt recovery team are experts in converting debt into cash at the earliest opportunity and provide an efficient and cost effective service which will maximise your chances of recovering outstanding debts. We appear in the Industry Guide 'The Legal 500' as a recommended firm for debt recovery in the West Midlands.

Sydney Mitchell acts for a wide range of clients from small businesses and professional firms through to much larger organisations, including Insolvency Practitioners. The success of this team is attributable to the fact that they offer competitive rates, yet do not compromise on the quality of their service. Backed up by our highly experienced Dispute Resolution Team, unlike other debt collection agents, we can pass a matter seamlessly from the letter before action through issue of proceedings to final hearing within one department and with one point of contact. This centralisation makes the proceedings much easier for our clients.

Debt Recovery Services

The team is able to offer the following services:

• Fixed fees for pre litigation work including letters before action
• Fixed fees for the various stages of undefended debt related litigation
• Financial background checks on companies and individuals by the appointment of agents
• County Court and High Court litigation
• Insolvency related litigation
• Enforcement proceedings, to include advice on the insolvency process
• Enforcement of security
• Mortgage repossessions

Debt Recovery Advice - Help us to Help You

Experience tells us that a number of factors improve your chances of recovery dramatically:

• Pass the debt to us as early as possible after the due date. Chasing a debt whilst it is still ‘warm’ is a lot easier than chasing it months later.
• Where possible ensure that your terms and conditions have an up to date retention of title clause in them. This means that if the Debtor becomes insolvent you will find it easier to recover your goods.
• Check out your clients thoroughly before you give them credit, and ensure they complete a credit application form giving you relevant details – and check the details they give. If the order is large seek references and guarantees.
• Do your customers have the means to pay? If you are not sure, then consider payment on a COD basis. Otherwise do you really want to trade with them? Better they become your competitor’s bad debtor than yours.
• Ensure that the customer is provided with your Terms and Conditions before you finalise any contracts with them.
• Handle any complaints / queries immediately that they arise and keep records of what was said. If possible confirm all conversations by e-mail or fax.
• Know who you are dealing with. Is it an individual, a partnership or a company? Does the person who you are selling to have the power to place the order?
• Consider having us look at your Terms and Conditions and ordering system to ensure that there are no loopholes in them.

Please contact our team and ask for a copy of our standard tariff of fees to see if we can help you further. For routine debt collection, especially where there is a regular stream of work from a particular client, we offer a fixed fee scheme. More complicated and defended cases are dealt with on a 'made to measure' time spent basis.

Wherever possible we will claim interest, costs and compensation under relevant late payment legislation.

Discuss Debt Recovery and how this relates to your business with our professional team today - Contact our Team today on  08081668827 or complete our enquiry form.