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Chasing debtors - it's easily one of the most frustrating yet vital aspects of running a business. Recovering the money owed to you is essential. Without doing so, poor cash flow could lead to severe consequences for your business. Yet, you're not an expert at debt recovery, and you have a company to run. So what do you do?
Turn that frustration into positive action. Speak to Forbes Collect. We are experts in debt collection, and also happen to be solicitors, which comes in very handy. And being regulated gives us an extra advantage.
In short, we deliver a persistant, yet professional approach that leads to prompt payment. Our service is managed through a cloud-based system online. So it's easy for debtors to make payments 24/7, and for you to keep track of our progress. And because we offer "no recovery no fee" and a transparent pricing structure, it's the high success, low risk solution you need, whether you run a small start-up or an established, larger business.
Maximise your chance of debt recovery and boost the amounts recovered. Get connected with Forbes Collect today. Debt recovery made easy.
There are a number of enforcement options you can take to recover your debt once our debt collection team has obtained a judgment for you on your behalf:
Once our debt recovery team has obtained a judgment for you in the sum of £600 or less, we can make an application for a warrant of control. This warrant instructs a County Court Bailiff to attend the debtor's premises to seize and sell at auction goods to the value of the judgment. There are strict rules that govern the Bailiffs power to seize goods.
Once we have obtained a judgment for you in the sum of more than £600 we will instruct the sheriffs to transfer the judgment up to the High Court to obtain a writ of control. This writ allows the enforcement officer to seize and sell at auction goods to the value of the judgment. There are also strict rules governing the sheriffs. Should the enforcement officer be successful at obtaining payment or an instalment proposal then they will deduct their fees from the amount recovered. These fees are set at a specific level and are payable by the debtor. The sheriffs have to retain the monies for 14 days and then it will be sent to us. Should the enforcement officer be unsuccessful you are liable to pay an abortive fee of £75 plus VAT.
A statutory demand is a written demand for the payment of a debt. The Demand warns the debtor that if the debt remains unpaid after 21 days from the date of service then a Bankruptcy or Winding-up Petition can be presented.
What are the criteria for a Statutory Demand?
08 Jun 2017
The New Debt Protocol comes into force on 1 October 2017 and you need to prepare for the debt recovery…
On behalf of everyone here at EvolveU we just wanted to say a massive thanks for all of your help and assistance with the Traffic Engineering and Management Services Limited
We are delighted with the Professional manner in which Forbes Solicitors deal with all our legal requirements and would not hesitate to recommend this Company.
Trident Fire & Security Group Ltd
We asked Forbes Solicitors to help when a client would not pay his bill. I sent an email to Katy, received a reply straight away, we were advised of the action that would be taken
Abby Welding Ltd
I contacted Alison at Forbes Solicitors regarding an outstanding debt of £44,554.27 which we were having problems getting paid for I would just like to say what a very quick and professional service
Thermal Hire Ltd
The Woodscape Group have been relying on Forbes Solicitors for over thirty years and the work carried out by Alison Nelson and the team over the last few years has only strengthened
DPFOC relies on Forbes for all legal advice. We find the service to be professional, well-informed and affordable.
Eddie O' Driscoll
I was owed money for plumbing services provided and despite several conversations with the debtor to request payment, he was dishonestly claiming that he had paid despite their being no evidence
Back on Tap Plumbing
Alison and her team have worked with us on a number of occasions now - so much so that we see them as an extension of our business!
Higher Access Limited
Forbes have helped me immensely with bad debt recovery over the past few years.
Able 2 Ltd
I have used Alison Nelson for a number of years for debt collection. I would strongly recommend her for similar work.
Consultant Plastic Surgeon
I recently passed a referral to you for a contact requiring a debt collection service. The contact had an outstanding debt of around £2,000 that had been owed approximately one year.
D&M Creative Limited
We have used Alison's services on a number of occasions and have always received the desired results!