Issue 4 - Oct 2007. Debt recovery in your business

This month we discuss the issue of debt recovery in your business.

Sydney Mitchell knows that the main priority in any company is to develop and manage the business without distractions and that includes trade debt recovery.

With old debts often turning into bad debts companies could find themselves with cash flow problems which could potentially lead to insolvency. Sydney Mitchell recognises these issues and can offer a solution to your debt recovery.

Does your business suffer from slow or non-payers, lots or queries over invoices, a tight cash flow or customers avoiding your calls?

If it does, then Sydney Mitchell can help to control and collect your trade debts. Sydney Mitchell's dedicated team of specialists can provide tailor-made solutions based on your company's requirements. By providing your company with up to date detailed reports, you can be sure we will deal with your matters in an efficient and speedy manner.

What we will do for your company.

• We will contact your debtors demanding payment
• If no satisfactory response is received we will commence proceedings in the appropriate court on your behalf
• We obtain judgement as soon as the rules will permit
• We enforce the judgement and we will help you to select the most appropriate enforcement option depending on your debtor's financial resources.

What can you claim back?

In addition to the sum you are owed, in some instances you can claim 13.5% interest and compensation of up to £100 from your late payers.

How we charge for the work.

Our fee structure is flexible, accommodates the volume of work you require and can be adapted to suit the profile of your debtors.

What do you do now?

Please contact Kam Majevadia on 0121 698 2200 or email k.majevadia@sydneymitchell.co.uk

Insolvency affects a large number of companies every year. Sydney Mitchell can help prevent you from becoming just another statistic.