Latest Legal Articles from Forbes Solicitors

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Who pays the price for commercial debt recovery claims?

13 Dec 2017

If you are faced with the situation where you have to take one of your clients to Court to recover your unpaid invoices, then it helps to know the legal costs and potential recovery of those costs in bringing a claim. This include but are not limited to: · Court fees ·…

How to maximise your return on unpaid invoices

06 Dec 2016

According to Zurich's latest SME Risk Index, over half of Britain's SMEs have problems with late payment, with £225bn in unpaid invoices . These figures highlight the common problem of late payment. Unpaid invoices can have severe consequences for your business. Our approach…

Forbes Collect Recoveries - October 2016

08 Nov 2016

The Forbes Collect team recovered over £46,000.00 in October on behalf of their clients. One of their greatest successes in October was the recovery of just short of £9500.00 for a marketing agency based in London. This particular case resulted in a full recovery for the client plus…

Changes to Debt Protocol

22 Mar 2016

A draft Pre-Action Protocol for Debt Claims was drawn up in September 2014 by the Civil Procedure Rule Committee (CPRC). However, after criticisms and a recommendation by Lord Justice Jackson in his final report reviewing civil litigation costs, the CPRC have been consulting on a new draft Debt Protocol…

SMEs Waste 130 Hours Each Year Chasing Payments

12 Jul 2012

The cost of chasing late payments including unpaid invoices and overdue accounts to SMEs has been revealed as a staggering 130 hours by a recent survey. In addition these valuable hours wasted means a loss of business productivity. This can have serious adverse effects on the company's cash-flow and…

Dect Collection - Three Top Tips

05 Nov 2010

1. Know who you are selling to Identifying who you are selling to is not always as straightforward as it seems, but is crucial. Having the correct name and details of your customer makes a successful recovery more likely. In a recent case at the Court of Appeal a supplier of goods was unable to recover…

Court of Appeal emphasises the importance of knowing your customer

17 Jun 2010

It is not often that cases dealing with debt recovery reach the Court of Appeal, but on 15 June 2010 judgment was handed down in one such case which serves as a useful reminder of the importance of taking steps to identify who you are selling to. The case concerned a fruit and vegetable supplier. They…

Insolvencies on the Rise

11 Mar 2009

A recent report by credit analysts Experian indicates that the 16,591 business failures in the first nine months of 2008 represented a 22 per cent increase over the same period in 2007. Furthermore, the rate of failure is increasing, with nearly 6,000 failures in the three-month period ending in…

Top 5 tips for collecting debts

31 Jan 2008

1. Information, Information, Information. Remember that credit control starts when the first contact with a customer is made, not when the invoice is overdue. The more you know about the customer, the easier it will be a) to assess their credit risk at the outset so that you can take preventive…

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21 Mar 2018

Forbes Collect

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Forbes Collect Recovers Over £500,000 Of Unpaid Debt For Clients In 12 Months

An innovative debt collection service using cutting-edge technology, launched by Forbes Solicitors, has…

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