Debtors are a burden faced by businesses of all sizes in every sector. Outstanding debt, irrespective of quantity, is detrimental to operations. In small and medium-sized enterprises, the remaining liquid assets may be insufficient to keep the business operational. For large corporations, unpaid monies add up and can considerably reduce real profit.
Recovery of debt has a significant and positive impact on a business. As debt recovery specialists, Hill Dickinson can help to improve a client’s cash flow in the short and long term, turning balances due into net profit and reducing bad debts.
Our fixed-fee pricing structure limits the costs of recovery to those that are recoverable from the debtor. Our specialist service also covers all issues which may arise in the debt recovery process including contested and non-contested recoveries, contract disputes, bankruptcy, insolvency and enforcement. Our debt recovery experts seek to recover outstanding monies for a variety of clients in different areas of business including:
- Debt factoring
- Public sector
- Financial services
- Leisure and tourism
- Manufacturing and engineering
- Information technology
- Waste disposal
- Building supplies