Our debt recovery solicitors act on behalf of clients recovering business to business debts on a national and international basis. We can provide you with specialist, cost effective debt recovery solutions tailored to your business needs.
Our solicitors will work closely with you and provide practical advice to help you recover the maximum amount of the debt, as quickly as possible and with minimum cost.
We understand that unpaid invoices can affect your business cash flow and create issues with uncertainty over when, or if, you will get paid. Our debt recovery solicitors are trusted by companies both large and small to recover their business debts, knowing that we will act quickly on their behalf to the highest professional standards.
We are able to provide you with a range of debt recovery services, including:
We work closely with clients in many sectors on all aspects of managing their debt portfolios. Our experience includes supporting clients operating in the Education, Healthcare, Financial Services, Recruitment, Professional Services, Energy and Utilities, Telecommunication, Local and Central Government sectors. We also support a broad range of commercial businesses, ranging from large corporations to SMEs.
We provide a competitive and best-value proposition in support of a focused commercial approach, with a large proportion of our fees being charged as a percentage of the debts that we recover.
Our work prior to issuing court proceedings is largely done on a ‘no-collection, no fee’ basis, designed to save you money from the outset.
We undertake a 30 day pre-legal collections cycle incorporating a combination of letters, outward bound telephone calls and e-mails. We engage with debtors to encourage payment or settlement of the outstanding balance, preferably in full or by negotiating a realistic instalment repayment plan.
If we commence proceedings in the small claims track and they remain undefended (and are not in some other way 'complex') to judgment, we will only charge our solicitors' fixed costs plus VAT and disbursements, which are typically payable by the debtor in the event of a successful claim.
We also offer a range of fixed fee and competitive attractive blended rates to complement a beneficial suite of no cost value added services for larger commercial clients.
We support our commercial clients with a dedicated online debt recovery portal that is accessible 24-hours a day, providing you with real time updates. This includes:
The key to our success is working in partnership with clients to provide tailored debt recovery solutions, with a view to continuously improving our service. We can handle instructions of all sizes, including substantial volume work, whilst still retaining a personal touch.
Our debt recovery solicitors work closely with our insolvency lawyers and benefit from our connections with a nationwide network of insolvency practitioners. Our highly trained team are supported by an efficient debt collection system which is cost-effective, yet flexible enough to meet your needs.
As a full service commercial law firm, our debt recovery solicitors have the benefit of access to a wide range of legal expertise across a range of specialist sectors and business legal services. This coupled with offices located in London, Watford, Bristol and Birmingham means that we can meet your legal needs, wherever you are based.
VWV always offer a very high quality, professional service with an approachable manner.