Our priority is to give our clients sensible and practical legal advice at competitive prices. We have a computer handling system designed by us specifically to meet our clients’ needs and we guarantee personal contact with members of our debt recovery team throughout.
Our debt recovery team offers advice on all aspects of debt recovery including claims in the High Court or County Court, enforcement and insolvency proceedings.
"Efficient credit control and management is crucial to the success of every business. Whether you are a small business looking to chase an outstanding debt or a large company seeking effectively to outsource bulk debt recovery work, the FSP debt recovery service can provide you with an efficient, commercially minded legal service at highly competitive prices." - Joe Lott, head of commercial dispute resolution.
Our Debt Recovery Service (DRS) provides practical and cost-effective fixed-fee advice designed to supplement your own credit management systems.
The service
The cost
We will tailor a strategy to suit each debt and particular debtor. We can, for example, dispense with chasing letters if you have had protracted correspondence with your debtor before involving us.
Similarly, we can threaten and pursue insolvency proceedings at any stage if we consider that this would result in a quicker recovery starting by preparing and serving a statutory demand.
We have an excellent success rate for recovering monies in the initial stages.
If, however, further work is required, we charge on a time-spent basis at our hourly rates. We charge on this basis for issuing and representing you throughout any court or insolvency proceedings, if your claim becomes disputed at any time, or if we become involved in protracted settlement negotiations or administering an instalment plan.
Other costs may be payable in addition to our charges, such as court fees, search fees, and process server’s charges. We are always prepared to consider offering discounts for bulk debt recovery clients.