Unfortunately, unpaid debts are an ever increasing problem. Ensuring that debts are paid on time results in improved cash flow, which in turn can result in an increase in growth and the success of your business.
Debt recovery claims rely upon a contract being enforceable between two or more parties. A contract will be enforceable if:
- There is an agreement between the parties to the contract;
- Each party to the contract obtains a benefit or suffers a detriment in return for their promise within the contract; and
- The parties to the contract show an intention to create legal relations.
In debt recovery claims, it is entirely common for the contract to contain terms that involve one party of the contract paying an agreed sum in exchange for the other party providing goods or services in return. Frequently, the party providing goods and services does not receive payment by the agreed date. In those circumstances the paying party is in breach of contract, and the party providing goods and services must take steps to recover the debt.
Our Debt Recovery Team provide a business debt recovery service that is simple, effective and fast. In every case we will take time to understand your business needs, your aims and objectives and the impact each method of debt recovery may have on your commercial reputation. It is incredibly important to us that your business gets the best net return on your debt recovery services. To discuss a debt recovery matter with our Team call us on 01754 897150 or submit a contact form to get started today.
In Collaboration with Forrester Boyd
We understand that in certain situations regarding Dispute Resolution, the need for the perspective of an Accountant or Financial Adviser may be in your best interests. Here at Hodgkinsons we have formed a close alliance with top local independent Accountancy and Wealth Management Firm, Forrester Boyd, as selected Financial Planning Partners, who will be happy to provide you with the advice you need. Your Lawyer will review your circumstances based on the information you have provided and distinguish whether the expertise of an Accountant or Financial Adviser may be beneficial for you. The services provided by Forrester Boyd compliment that of Hodgkinsons in many aspects, which is why we have carefully selected them as one of our trusted financial partners.
Forrester Boyd share our ethos to provide only a personal, exceptional level of service which meets all aspects of our Client’s requirements. Our Lawyers will always ensure that your matter is in safe hands and with a financial partner like Forrester Boyd, you can guarantee that every possible aspect of your matter will be taken care of to an exceptional standard. Forrester Boyd work with Clients across the East Midlands and rural Lincolnshire to include Skegness, Louth, Beverley, Grimsby, Scunthorpe and Hull. To find out more about our relationship click here.