close search
 

Collecting money owed to your business

Debt Solicitors

Effective credit control is essential to maintain the cash flow of any business. Unpaid debts can have a negative impact on a business, creating an element of uncertainty and potentially creating long-lasting financial issues.

At Nelsons, our team of debt recovery solicitors act for clients recovering business-to-business debts on a nationwide and international basis.

Contact Us Today

Our debt recovery solicitors – how we can help

Our specialist debt recovery solicitors focus on the recovery of clients’ money with prompt, escalating action to maximise the chances of successful recovery. The size of our team also gives us the capacity to deal with any defended cases.

Our leading team of debt collection experts is also recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.

Our debt collection services:

  • Pre-legal services

    For clients who want to take effective enforcement action, but want to see if their debt is collected by pre-legal action before taking Court action. Our solicitors offer two different pricing options to try and recover the debt using pre-legal techniques:

    1. Late Payment Legislation

    This legislation enables you to add compensation and interest to your debt. In order to do this, we recommend that we carry out appropriate searches to check the credit rating of your debtor. Additional fees will be payable for these searches – but we will discuss them with you before they are incurred.

    2. Statutory Demands

    Included in our service is the consideration of whether to use a Statutory Demand. You can only use a Statutory Demand if the debt is in excess of £750 and is not disputed.

    A Statutory Demand is a direct route to starting insolvency proceedings. Without a Court judgment, before you can serve a bankruptcy or winding up petition upon a debtor, you must serve a Statutory Demand for the outstanding debt. If a debtor fails to pay within the time limit then insolvency proceedings may be started without notice to the debtor.

    A Statutory Demand can be a very powerful collection tool, so it has to be used carefully as there are risks of penalties in costs if misused.

  • Court action service

    If after using pre legal services in an attempt to try and recover a business debt proves to be unsuccessful, you may consider taking legal action through the Courts. In such instances, we can review your situation and then make recommendations to you as to whether or not to take Court action.

    If you decide to take Court action, we will pursue the debt for the original amount plus any interest or compensation that you are due.

    In circumstances where Court action is required, we recommend that we carry out appropriate searches to check the credit rating of your debtor before you commence Court action. Additional fees will be payable for these searches – but we will discuss them with you before they are incurred.

  • Multiple debt recovery

    Acting for business clients throughout the UK and internationally, our expert team specialise in commercial debt recovery and manages bulk debt collection for a number of clients, including educational establishments and factoring companies.

    The size of our team enables us to provide an efficient, streamlined and bespoke debt collection service to chase bulk debts for businesses, to save you the time and expense of chasing multiple debts.

    Our charges for debt collection work are transparent and easy to follow. We offer fixed fee services which are based on the amount due to you.

As a full-service law firm, we can handle disputed debts and provide a seamless service, advising on credit information, retention of title, dealing with liquidators and receivers, liens, set-off, and all related matters. We also advise on terms and conditions of business, intellectual property issues, and employment matters.

Click here for details of our debt recovery costs and services.

Meet the team

Testimonials...

  • "Nelsons...focuses on handling bespoke (rather than volume, process-driven) business-to-business debt recovery mandates from commercial clients, and particularly excels in pre-action collections."

    The Legal 500
  • "Nelsons Solicitors Limited’s ‘brilliant’ debt recovery team comprises debt collectors, credit controllers as well as legal practitioners who assist clients in all debt recovery matters, predominantly in the B2B space and with particular strengths in the consumer debt market..."

    The Legal 500 2023
  • "...The legal services range from the pre-action collection process to the pursuing of court proceedings, the securing of judgments for clients as well as the enforcement of judgments..."

    The Legal 500 2023 (Continued)
  • "...Clients hail from across the UK and cover various sectors, such as healthcare, financial services and engineering. The practice is headed by Simon Key with Kelly Bevan heading the day-to-day practice."

    The Legal 500 2023 (Continued)
  • "We use their debt collection department for debts we struggle to collect. Their system on how to report the debt is very quick and easy. They keep you informed with all correspondence to the debtor..."

    Referee feedback provided to The Legal 500 2023
  • "...The debt collection department is very knowledgeable on how to pursue the debt. Their billing is very straight forward where they deduct any costs from the money collected which saves you sending payment."

    Referee feedback provided to The Legal 500 2023
  • "Very prepared and client oriented team. Great communication amongst them, to make sure in case the assigned solicitor has to escalate the matter or is absent for any reasons."

    Referee feedback provided to The Legal 500 2023
Make an enquiry

If you wish to contact us, please complete the form below. A member of our team will be in touch as soon as possible. When you submit this form, you are consenting to a member of our team to contact you via phone or email regarding your request. We encourage you to review our Privacy Notice for detailed information on how we manage and protect your data.

Main Contact Form

Used on contact page

  • Email us

Debt Recovery FAQS

Below, we have answered some frequently asked questions concerning debt recovery

Get in touch

Speak to us now on 0800 024 1976Email Us

Related articles

View All News

Our East Midlands Offices