College Gauge and Tool Recommend our Commercial Debt Recovery Solicitors

It’s not just about results, although as a firm of commercial debt recovery solicitors since 1978, our longevity suggests we deliver the results our clients need. It’s all about customer service, as this testimonial from long standing client, Birmingham based College Gauge and Tool Company shows.

“We are a small company based in Birmingham and at times we have required the assistance of John Pitt and his team at Lane & Co to recover late payments.

To date we have had a 100% success rate and I would without hesitation recommend them. Providing they have received all of the information they need, a letter will go out on the same day.

The cost of a letter from them to a late payer is all it usually takes and is, in my mind, embarrassingly cheap. Please feel free to contact me, via Lane & Co <add email address>, if you would like further reassurance about the quality of their service. They will put you in touch with me.”

Steve Wareham, Director

The Letter Before Action is Always the First Port of Call

As Steve suggests, a short letter to a late payer is the start of the process. Such a letter is called a ‘Letter Before Action.’ They are commonly used, and they usually produce the desired result, as the recipients now understand that a solicitor is involved.

The statistics for late payment in the UK make for bleak reading. According to research in late 2017 by Siemens Financial Services:

  • Businesses with an annual turnover of less than £1m wait on average 72 days for invoices to be paid,
  • Those with turnovers of between £1million and £10million fare a little better, waiting 53 days on average to be paid.

Other slightly different statistics are available, but it seems that the late payment culture is deeply ingrained in the UK. This puts huge pressure on cash flow, whereby even successful and profitable companies feel the pinch of late payment.

That’s where we come in. Our commercial debt recovery solicitors have recovered tens of £millions of late and disputed payments on behalf of our clients over the years. If a letter before action doesn’t produce the results needed, then, taking each case on its merit, we recommend the best course of action, often involving litigation, and, where necessary, enforcement.

Contact our Team of Debt Recovery Solicitors for More

If your business needs a reliable and experienced team of business debt recovery solicitors on board to help with cash flow, please contact us or call us on 01992 616306 for a FREE initial discussion of your requirements. As the UK’s longest established firm of debt recovery solicitors, we have the experience and the service levels to deliver the results your company needs.