Debt Recovery

Getting the money in is a prerequisite for a successful business. Without effective debt recovery, cash flow and profits are impacted, affecting your business reputation. Therefore, every business needs an effective and efficient debt recovery system supported by specialist debt recovery solicitors and commercial litigation lawyers.

Our debt recovery team can achieve results in many cases without resorting to court proceedings. If a debtor does not pay up, then our debt recovery team, complemented by our commercial litigators, can pursue the debt and assist you in enforcing debt recovery orders.

Get in touch to see how we can help your business.

Debt recovery services

Our debt recovery team will work with you to recover the debt as quickly and cost-effectively as possible by offering a flexible debt recovery service, meeting your needs and requirements. At IMD, we can provide a full support package, step in with strategic advice, or commence commercial litigation. We are happy to discuss your debt recovery needs and develop a solution that works for your business.

Our debt recovery services include:

credit control policy advice to reduce average debtor days
pre-litigation advice and use of letters before action
bulk debt claims
legal proceedings for debt recovery, including international and cross-border debt, and defended actions
enforcing bad debt judgments
statutory demands and bankruptcy petitions
winding-up petitions

The benefits of effective debt recovery services

There is nothing more disappointing than doing an excellent job, whether that is producing a product or delivering a service, and not getting paid for contracted work. So whether your company is UK based, Europe based, or is an international business with a base in the UK, and whether you are a start-up, SME or PLC, it is essential to have the right debt recovery service to support your business and its needs.

Our debt recovery solicitors offer debt recovery services that are flexible, cost-effective and professional.

Debt recovery costs

Please click here if you wish to see our standard costs applying to simple debt recovery cases.

Marcin Durlak

Managing Partner View profile

Key contact

Olexandr Kyrychenko

Partner View profile

Zoya Burbeza

Senior Consultant Solicitor View profile

IMD Solicitors – the right lawyers for your business

As a full-service law firm, our commercial lawyers who are here to help your business with all of your commercial law needs, from drafting agreements and commercial contracts to commercial litigation or even debt recovery. The debt recovery solicitors can either provide a stand-alone service or form part of the package of commercial support that IMD Solicitors offers to business clients across the UK and Europe.

IMD Solicitors have offices in London, Birmingham and Manchester, and several European cities, with many trusted partners throughout Europe. We resolve UK and EU based disputes, corporate transactions and commercial law matters governed by UK or EU law. Plus, we often work on a fixed fee basis, meaning you know the cost before we begin.

GET IN TOUCH

or call us on 0330 107 0106

List of notable commercial cases

Advising one of the largest European banks on a number of occasions in respect of validity and construction of guarantees and on demand bonds, together with validity of agreements varying the guarantees and the underlying multi-million facility agreements.
Advising on the establishment of a large entertainment company. Preparing various corporate and investment documents and leading extensive negotiations of shareholder agreement and ancillary documents. In addition, we provided various legal support to the company on on-going basis.
Acting for a major automotive manufacturer in a joint venture with a UK company to commence production and distribution on the product in the UK and the Commonwealth. Negotiating and preparing all the relevant joint venture documents.
Acting for the construction company in a large scale building project of circa £25m. Involved in negotiating an extensive JCT D&B contract as between our client (main contractor) and the local authority who were their client in this project.
Drafting Terms & Conditions and Warranty terms for a leading UK manufacturer of steel doors, windows and partitions.
Representing a sub-contractor in construction contract negotiations involving a large number of parties for construction of a museum in Kuwait.
Advising on and drafting SaaS (Software as a Service) contract for the Client entering the UK market
Advising on both pro-supplier and pro-customer Software Development Agreements for various Clients
Advised a technology start up to set up and validate a messaging app, a direct competitor to Facebook’s Messenger
Advising the client on and negotiating terms of corporate and personal guarantees tied to a cross-border commercial contract.
Assisting a charity in preparation of various terms and conditions and contractual agreements.
Advising the client on the terms of a joint venture agreement in an innovative waste management project.
Advised the first Polish-owned bridging company in the UK
Advising the client on the validity of execution of a number of international corporate finance agreements.