If you have written off debt in the last 3 years or are struggling to collect a debt right now, we can recover your cash.
89% of UK businesses do not escalate unrecovered or disputed debt prior to writing it off. The main reasons cited for this is the potential cost to instruct a lawyer and the risk of paying the other side’s fees, if unsuccessful.
Before you write off debt, recover it.
We have partnered with Capitalise to give your business the upper hand in debt recovery with Capitalise Recovery. Now do not simply write off ‘good debt’, with, we can now help you collect those debts on a no-win-no-fee basis.
How it works
- Our expert team work with you to identify the ‘bad debt’.
Those customers you definitely no longer wish to do business with and are refusing to settle their debt with you through conventional means.
- We pass the details of the debt to our trusted partners.
They will then engage with you directly and gather the necessary paperwork and advise you on whether it’s worth pursuing.
- A team of corporate recovery specialists, litigation lawyers and sectors specialists will get to work on your behalf.
This process starts with an attempt to negotiate with the debtor (typically taking 6 weeks) before legal action is taken.
If legal action is necessary the goal is to get proceedings issued at the earliest point possible to drive settlement in the shortest timescale allowable.
Risk Free Results
- You will receive 70% of the amount recovered.
- 30% of the amount recovered goes to our partners as a fee.
No fees to pay!
Capitalise Recovery involves a key partnership with SRA-regulated Escalate, who have already recovered over £100m. Via this relationship, obtain access to a dedicated team of top professionals – including corporate recovery specialists, litigation lawyers and sectors specialists.
Building Supplies Casestudy
A flooring company purchased product from a well-known supplier of cementitious materials. The product was defective, resulting in the customer’s floors failing. The company was faced with client claims and wanted to recover the value of those claims from the supplier.
The claimant did not have the resources to pursue a claim against a large multinational – and the defendant knew this. It attempted to delay the process to force the claimant to incur further costs so it dropped its action or settled for a lower amount. Under the traditional dispute resolution process, this delaying tactic is likely to have proven successful for the defendant.
The team really took this to them and did not waiver. This is a truly game changing product and has enabled us, a mere minnow, to swim with sharks and hold them to account.
You have given us a chance to carve out a future that would have otherwise been very difficult and would have no doubt meant the end of our business. You have no idea what this means. I am eternally grateful. Escalate allowed me to sleep at night again.
Once engaged, proceedings were served by Escalate. The supplier kept delaying but received a clear message: ‘the more you delay, the more it will cost you’. The claimant, meanwhile, had no financial risk as its costs had been agreed at the start and all of the necessary upfront fees had been covered. The case won a substantial settlement after going to court.
Casestudy – Services Sector
A website developer had a claim against a client who refused to pay for search engine optimisation work that it had carried out. It was asserted that no benefit had been gained from the work done, despite the nature of SEO work being one of long-term reward rather than short-term gain, which had been highlighted to the client at the start. Many reasons were provided for not paying, but none seemed genuine and it was felt that the company was simply trying to avoid paying.
Escalate became involved, and when they were also rebuffed after first contact, they drafted all of the court papers and gave the defendant one last chance to pay. In response, the defendant offered payment of 80%.
The defendant then asked to pay in instalments over two years. Escalate refused, and ordered that either full payment or the offered 80% balance needed to be paid within seven days or they would issue court proceedings. Full payment was made shortly thereafter.