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We can help you buy or sell a residential or commercial property including leasehold properties on a ‘NO MOVE NO FEE’ basis.
We help with divorce, finances, civil partnerships, estate planning and administration.
We can help with estate planning to protect your wealth for the future and with probate/estate administration.
Our expert solicitors can help you claim for, or settle a civil dispute, loss of money or a commercial debt.
Commercial Debt Recovery Solicitors
COMMERCIAL DEBT RECOVERY
A Commercial Debt Recovery Solicitor is an experienced legal professional who specialises in helping, advising and taking action to recover money for businesses.
If unpaid debts are impacting your ability to run your business effectively, then talk to our specialist Commercial Debt Recovery team.
The team at PSR Solicitors has built a reputation for successfully recovering business debts for clients in Wales, Cheshire and across the UK. For legal advice with regards to any form of business debt recovery call our office now for an initial consultation or leave your details using the enquiry form on the page and we'll call you back.
Our knowledgeable experts will provide personal, tailored advice for your business. Whether unpaid debts are causing issues with cash flow, your ability to pay staff or creditors, or you are finding your time wasted by chasing up bad debts. We can help to bring a swift and positive solution to your situation with minimal fuss
We are ready to provide reliable, strategic, and responsive advice, whatever the nature of your commercial debt recovery case.
PSR’s quotation for my work was competitive and I have other conveyancing work coming up soon but I won’t be shopping around and will go straight to PSR again.
PSR helped with any query promptly and offered reassurance and guidance when needed. Great communication, very diligent in approach, super support and speedy service throughout.
I could not be happier with the service Toni & the team provided. Great online portal so you can see where things are up to & just all round the best I’ve used… thank you!
Brilliant service from start to finish, solicitor spot on. Could not have asked for better. Very efficient and professional. Nothing to improve on, your service is excellent. Very friendly staff, thank you.
Should you have an undisputed invoice claim, our team will work on a fixed-fee arrangement, which means that you won’t have to worry about costs.
If your claim is disputed, our dedicated litigation experts will be able to provide the advice you need to progress matters efficiently to a quick and satisfactory conclusion.
Your dedicated solicitor will be able to provide clear and straightforward advice on complex issues of business debt recovery, commercial debts and your chances of debt recovery.
We have extensive experience in litigious matters, and, on average, recover more for our clients than our competitors, so you can be confident that your claim will be in safe hands.
We promise that you will deal with your own dedicated solicitor, who will ensure that you receive the personal and professional service on which we pride ourselves.
There are different ways to approach the recovery of a debt, depending on the specific circumstances of your case. We have the experience and expertise to provide the personalised advice you need.
Taking your debtor to court is an option, but we prefer to see that as the final step... There are other less costly, and more efficient, “pre-legal” alternatives which should usually be attempted first. Although there is no set timescale to recover a debt, there is a clear and transparent process that can be followed.
Usually the first, and often only, step required is for us to contact your debtor on your behalf and request payment of the debt. In many cases, simply being contacted by a professional, well-known law firm is enough to ensure full payment.
At this stage, our expert team will also be able to advise you on 'Late Payment Legislation', which may allow you to claim interest, compensation, and reasonable costs of recovery in addition to your original debt.
Our Full range of debt recovery services and fees are available below
If the debt to your business remains unpaid, we can begin formal legal action by issuing a letter of claim (called a Letter Before Action), which includes a demand for payment of your debt (including interest and compensation if appropriate), and explains that, should the debt not be paid by a specified deadline, court proceedings will follow.
On many occasions, this formal, legal step is all that is required to recover your debt.
However, if your debt is not paid within the period you have specified, we can commence court proceedings.
Once we have made your claim, the debtor has 14 days to acknowledge the claim or enter a defence; should they fail to do so, we will request judgment.
If your debt is still not repaid at this point, we will provide you with the most appropriate advice in relation to the different available options to enforce your judgment.
Some possible strategies include:
Further details can be found below in relation to each of these options, including clear and transparent information on the costs involved.
In addition, there may be other options that you wish to explore, such as arbitration or action under insolvency legislation.
We will be with you at every stage to offer responsive and personal advice.
Established in 2009, PSR is recognised as a leading law firm in respect of commercial debt recovery across North Wales and Cheshire. With offices in Colwyn Bay, Ellesmere Port, Rhyl, Shotton, Wrexham, Wallasey, and Chester, we are perfectly positioned to help, advise, and take action to recover your money. We are here to make everything as straightforward as possible for you.
Over half of our current clients came to us on the recommendation of our previous clients, so you can be confident that we will live up to our promises. Our locations and expertise make us an ideal choice for commercial clients right across the North West, including Liverpool and Merseyside.
The strength of our team means we regularly work for commercial clients in all areas of England, Wales and Northern Ireland, so call us today or use the enquiry form on the right-hand side of this page.
PSR Solicitors are recognised experts in resolving disputes and debt related matters in North Wales & Cheshire.
Mark House LLB (Hons)
Solicitor - Head of Litigation
VIEW PROFILE
If your claim is not disputed, the costs involved in each of the relevant steps of the process are set out below. Should your claim become disputed at any stage, your dedicated, expert solicitor will discuss the process, and the costs involved, at that stage.
You should keep in mind that, under the Late Payment Legislation, you might be able to claim interest, compensation, and reasonable costs of recovery in addition to your original debt, which could increase the amount of your claim into a higher band.
We offer a no-obligation initial fact-finding discussion
£300 plus £60 VAT for a claim valued at up to £50,000. Our fees for claims worth more than £50,000 will be negotiated with you and agreed in advance.
Fees for executing the debt recovery process include:
£45 plus £9 VAT, £3 Land Registry and £5 Companies House search
All response letters: £20 plus £4 VAT. An additional £20 plus £4 VAT will be charged if the letter also needs to be sent to a guarantor.
If we are unable to negotiate a satisfactory outcome or the defendant ignores our letter of claim the court proceedings will need to be issued.
Request judgment: £75 plus £15 VAT
If your debtor fails to acknowledge the claim or enter a defence within 14 days, we will request judgment from the court.
To attend Court hearing: £300 plus £60 VAT
If the matter is defended and a judge is required to determine the case.
An attachment of earnings requires your debtor’s employer to make deductions from your debtor’s pay to pay off your debt. This can take 6-8 weeks from the application to court.
There may be additional costs if a court hearing is required, or additional work is necessary should the debtor not be found, or their employment circumstances have changed. A court fee of £110 is also payable.
A charging order secures your debt against property owned by your debtor (often their home). This provides you with additional security should the debt not be paid in full. If the debtor does not object to the charging order, this process usually takes 4-6 week; should your debtor object, and a hearing is required, additional time and costs would follow.
There are additional third-party costs involved in obtaining a charging order:
Writ of control: £60 plus £12 VAT
A writ of control is an order to from the High Court to an enforcement officer to take control of, and sell, as much of the debtor’s property as is required to settle your debt. Obtaining your money in this way can take about 8-12 weeks, and is dependent on the debtor’s assets, and their ability to pay.
It may be necessary for us to engage in additional correspondence in relation to the writ of control, in which case your solicitor will discuss an appropriate hourly rate with you for the additional work.
There are additional third-party costs involved in obtaining a writ of control:
A £90 HCEO fee is also payable for an unsuccessful writ.
A warrant of execution (or a warrant of control) is an order from the County Court to a County Court bailiff to take control of, and sell, as much of the debtor’s property as is required to settle your debt. Obtaining your money in this way can take about 8-12 weeks, and is dependent on the debtor’s assets, and their ability to pay.
It may be necessary for us to engage in additional correspondence in relation to the warrant of execution, in which case your solicitor will discuss an appropriate hourly rate with you for the additional work.
There are additional third-party costs involved in obtaining a warrant of execution. i.e Court Fee £110
We can issue a statutory demand on your behalf if your claim is not disputed (e.g. if you have a judgment in your favour, or you debtor accepts that the payment is owed). Your debtor will have 21 days from receipt of the demand to either pay the money they owe you or reach an agreement to pay it. A statutory demand is served by a process server, which usually takes about 2-3 weeks, and involves an additional process server fee (paid to the process server), which can be up to £150 plus £30 VAT.
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