Bad debt is epidemic in small and medium sized businesses in the UK.  It is suprising how many businesses do not take this as seriously as you would expect and are happy to write off thousands each year rather than take legal steps to recover it.

Why is efficient debt collection so important ?

Official statistics show that the average profit margin of UK companies is below 5% and that the average written off for bad debts is £14,000 for every small and medium sized business in the country.

Let's say that you have a profit margin of 10%.  This means that for every £1 you write off as a bad debt, you have to earn a further £10 in increased turnover to make up for the short fall.

If you have as much as £10,000 in bad debts then the next £100,000 turnover you earn does nothing for your bottom line other than make up for the shortfall for the bad debt.

When viewed in this way, it's apparent that the sensible course of action is to employ a solicitor to recover the bad debt and then enjoy the profit from the £100,000 of turnover rather than it be wasted on paying for bad debt.

Using our expertise and proven strategy for debt recovery means that we can give you a very high chance of recovering most if not all of your bad debts. 

In fact, we can even provide you with terms and conditions of business which will mean that in future people owing you money will also have to pay your legal costs for claiming debts against them. 

Please submit the form on this page with details of any current bad debts.  We will respond with an emailed quote for recovering these debts for you.     

(please submit a separate form for each debt).