According to the High Court in the recent case of Bowen and others v Isle of Wight Council (Rev1)...
Effective debt recovery is vital to the continuation of any business. We undertake a comprehensive, swift and cost-effective debt recovery service.
We offer a dedicated service focusing exclusively on recovering the debt.
We have particular specialisms in:
- Pre-action collection (by way of letter before action) and the issuing of statutory demands
- County Court proceedings and enforcement
- Company winding-up
- Defended actions
We like to be perceived as an extension to your credit control division. We endeavour to build close relationships with our clients, we take the time to understand your business terms and conditions in detail, and to ensure we appreciate the wider commercial environment in which you and your business operate within.
That’s not all. By sending one of our letters before actions to your debtor you are also able to claim compensation and additional interest on each of your outstanding invoices. For business to business transactions, you are entitled to claim £40 to £100 in compensation per invoice and interest at 8% above the Bank of England's base rate, all in addition to the original debt amount and legal costs (if the debt is over £10,000).
With mfg Solicitors LLP acting on your behalf, not only can debt collection be free, but you can recover much more than the original debt amount, which should help go towards easing the strain of invoices being paid late or not being paid at all.
We offer an online facility to allow our clients the opportunity to provide us with instructions in regards to their debt and to have the debt recovery process initiated. Download our Debt Recovery Instruction Form.
Download our fees structure.
Recent Debt Collection Cases
- High value and volume commercial debt collection acting for small, medium and large companies and property management agents. Debt portfolios ranging from £5,000 to £150,000.
- One off debt collection actions for companies and bulk debt collection actions.
Should you have any questions or queries or require any further information please do not hesitate to contact us by emailing one of our team:
or by phoning us on 0845 55 55 321