Need legal advice now from a commercial debt recovery solicitor in London or Brighton?
Call, email or provide us with a few details of your matter, and we’ll help you arrange an initial consultation. You’ll get:
- Unlimited time to discuss your commercial debt recovery with an experienced solicitor
- An outline of your legal position
- A clear fee-quote and time frame to resolve your dispute
In-house civil mediation available
Experienced negotiators and expert litigators
Save thousands with the right guidance
Litigation options available for debt recovery
Commonly asked questions on commercial debt recovery.
When money is owed to your business, it can significantly impact cash flow if the debtor refuses to pay. Our commercial debt recovery solicitors in London and Brighton can help with small, fast and multi-track debt recovery claims and enforcement. Below, our solicitors have answered some of the most commonly asked questions regarding commercial debt recovery.
1. What is commercial debt recovery?
Commercial debt recovery is the process of recovering outstanding debts that are owed to a business. The process is the same as recovering a personal debt; however, due to the complexity and nature of business agreements, these debts usually are pursued using the help of a debt recovery solicitor.
Businesses themselves may recover smaller debts below £10,000 unless a complex dispute sits behind the debt. In most cases, we would always advise clients to get legal advice before deciding on what to do. This is because the process and expectations placed on both sides of the dispute are much more rigorous.
2. What are commercial debt recovery procedures?
The process of recovering a commercial debt is similar to that of resolving a contract dispute, as many contract disputes will result in money being owed.
First, we would send a letter before action to the other side, advising them you are taking formal action. If the letter before action has no effect, we would then issue a claim to recover your capital. Depending on the size of the debt, this would either be a small claim, fast track claim or multi-track claim.
Ultimately, once you have received a favourable result, we will help you pursue enforcement and have the outstanding debts paid to you.
3. How much will it cost to recover a commercial debt?
Each case is different, which is why we offer an untimed initial consultation at which stage your solicitor will provide an estimate for:
- How long they expect it will take to achieve your desired outcome
- How much you can expect to pay
- The work that is involved, for example, drafting and sending a letter before action, going through mediation or filing the case at court
Should you choose to instruct our firm, we will write to you confirming our fee estimate.
If your case needs to be referred to a court, there may be additional administration fees (printing, bundle assembly and postage), as well as any relevant court fees payable to the court.
4. How long does it take to recover a commercial debt?
Again, this will depend on the complexity of your matter. For straightforward cases that settle after a letter before action is sent, this could be as short as 1-2 weeks.
For cases that proceed to the County or High Court, this will depend on the court’s availability and could be anything from 6 months to 2 years from start to end.
5. Do you offer legal aid for commercial debt recovery?
While we would love to offer legal aid, the government only appoints a tiny number of law firms to offer these services. So for the time being, we can only accept privately funded cases.
Need legal advice now from a commercial debt recovery solicitor in London or Brighton?
Tell us about your case and we’ll get back to you the same day.
Meet your commercial debt recovery
team.
Paul Britton
Head of Commercial Litigation
Joseph Navas
Commercial Debt Recovery Solicitor
Sophie Campbell-Adams
Commercial Debt Recovery Solicitor
Rory Lindsay
Commercial Debt Recovery Trainee Solicitor
Paul Britton
Head of Commercial Litigation
Joseph Navas
Commercial Debt Recovery Solicitor
Sophie Campbell-Adams
Commercial Debt Recovery Solicitor
Rory Lindsay
Commercial Debt Recovery Trainee Solicitor
Why Britton and Time Solicitors?
Commercial debt recovery is our speciality. Our solicitors have worked on various commercial debt recovery cases, which have given our solicitors an abundance of knowledge and experience in these processes. When it comes to your specific commercial debt recovery case, we’ll always guarantee:
Award-Winning Service.
You are our priority, and the law is our speciality. Our award-winning commercial Debt Recovery solicitors in London and Brighton ensure you know exactly where you stand from a legal perspective so you can make a well-informed decision.
Full Billing Transparency.
No fee surprises. Ever. Our commercial debt recovery solicitors will inform you from the outset on how much your case will cost, and we will do everything in our power to keep costs down and within your original fee estimate.
Regular Communication.
With fortnightly updates on your case, you’ll never be left in the dark. Our commercial debt recovery solicitors in London and Brighton ensure you know exactly how your case is progressing and are with you every step of the way.
Our reviews.
It’s not about how good we think our services are; it’s about what you think.
Will to Win
There are three things that make Britton & Time, and in particular Paul, stand apart from other law firms: knowledge, communication and a will to win.
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Need legal advice now from a commercial debt recovery solicitor?
Call, email or provide us with a few details of your matter, and we’ll be able to help you the same day.