Recovering Debt with a Conditional Fee Agreement

One of the reasons so many book debts remain book debts is because of the perceived costs and time spent chasing them.

 Robert Surridge heads the department.  He has had 11 year’s debt experience and through his intimate knowledge of risk assessment and insurance matters has developed an insurance backed, no risk mechanism for debt recovery.

 If a debt fits our criteria for a Conditional Fee Agreement (CFA) there are no charges whether or not we are successful.  Furthermore we make no deductions from the debt we recover.

With the ever increasing levels of book debts that companies are carrying, there is more pressure than ever to recover debts before they become bad debts.  A CFA allows you to select the level of debt pursuit; from warning letter to full litigation and without the worry of huge legal fees or the solicitor’s costs eating into your cash flow.

You, the client, select at the outset how far you want to go from sending a warning letter right up to full court proceedings.  When we reach the limit set by you, or where we feel it is necessary, we will contact you for further instructions.

Sometimes you simply wish to remind your debtor that you expect the debt to be paid.  On the other end of the scale, there will be debts which you have tried to collect, and are being ignored.  We can deal with both extremes with the minimum of involvement from you.

How much does this service cost?

 Outstanding book debts can put a strain upon cash flow.  The last thing you need is to spend even more money trying to recover those debts.

 If the debt meets our criteria, the case will be run using a CFA: you do not pay anything up front.

 If we are unsuccessful in recovering the debt, you do not pay us anything.  An insurance policy which we arrange and pay the premium for covers all the disbursements incurred, and you lose nothing.

 If we are successful in recovering the debt, the debtor pays our costs, a success fee and the cost of the insurance premium, in addition to the debt.  We do not ‘take a cut’ of the amount we recover, unlike many firms.