Strong cash flow is essential to the success of your business.
Our Legal 500 recommended Debt Recovery team provides efficient, cost effective solutions to convert outstanding debt into cash.
We support a diverse range of clients in the West Midlands and nationally from small businesses to large organisations and insolvency practitioners.
Our services
We specialise in helping our clients in debt recovery with the following areas
- Fixed fees for pre litigation work including letters before action
- Fixed fees for the various stages of undefended debt related litigation
- County Court and High Court litigation
- Insolvency related litigation
- Enforcement proceedings, to include advice on the insolvency process
- Enforcement of security
- Mortgage repossessions.
Recovering funds
Our experience shows that the following steps may significantly increase your chances of recovering outstanding funds.
- Act early – Instruct us as soon as a payment is overdue. Chasing “warm” debt is far more successful than pursuing older arrears.
- Secure your goods – Ensure your terms & conditions include a robust retention of title clause. This simplifies the recovery of physical goods if a debtor becomes insolvent.
- Vet new clients – Never grant credit without a thorough check. Require a completed credit application form and verify all references or request guarantees for large orders.
- Assess ability to pay – If a customer’s financial standing is unclear, insist on cash on delivery and avoid trading where the risk of non-payment is high.
- Establish terms early – Provide your terms and conditions before finalising any contract to ensure they are legally binding.
- Resolve issues fast – Address complaints or queries immediately; keep detailed records and confirm all verbal agreements via email.
- Verify your partners – Confirm the legal identity of your client (individual, partnership, or company) and ensure your contact has the authority to place orders.
- Professional review – Let our corporate team review your terms and conditions ordering systems to ensure they are fit for purpose.
Why choose our Debt Recovery team?
At Sydney Mitchell our Debt Recovery combines a boutique service with heavyweight expertise to manage the full spectrum of insolvency issues. We are known for our dynamic approach and transparent outstanding service from day one.
The team is spearheaded by Leanne Schneider Rose, acknowledged by the Legal 500 directory as a leading partner in her field, with strong support from Heleena Gandham who is also recognised in the directory as a leading associate.
Find out more about the team
