Debt Recovery for Businesses
Terry Maylin deals with all of the debt recovery – see about us page for Terry Maylins bio details. As a result of being active in the local business community the firm have a good reputation in the area of debt collecting particularly for local businesses. TM Laws’ approach to this area is designed to achieve maximum recovery for minimum outlay on behalf of local businesses and the level of knowledge of the debt recovery system available to recover money is second to none.
The way in which TM Law operate is to try to integrate their services to part of your company’s credit control system so that an outstanding debt moves seamlessly from your credit control to us recovering your debt where possible.
The way in which TM Law operate is to try to integrate their services to part of your company’s credit control system so that an outstanding debt moves seamlessly from your credit control to us recovering your debt where possible.
If the claim is not defended then our experience of what enforcement methods to use to achieve recovery come into their own. See our enforcement of judgments page.
If the claim becomes defended then you need to read on to understand the process and potential costs involved.
Get in touch with us - we're happy to help
Whetever your legal requirement reach out to us today and we’ll be happy to help where we can. Our quick enquiry form allows you to share some basic information with us to allow a personalised response, or you can simply view our contact details and get in touch with us however you choose.
How much does your debt recovery service cost?
These costs apply where your claim is in relation to a business to business unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed.
| Debt Value | Court Fee | Our Fee (Inc VAT) | Total |
|---|---|---|---|
| Up to £5000 | £205 | £300 | £505 |
| £5001 - £10,000 | £455 | £300 | £755 |
| £10,001 - £50,000 | 4.5% value of claim | £300 | £300 + court fee |
anyone wishing to proceed with a claim should note that:
The VAT element of our fee cannot be reclaimed from your debtor.
Interest and compensation may take the debt into a higher banding, with a higher cost.
The costs quoted above are not for matters where enforcement action, such as the sheriff is needed to collect your debt.
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Receiving payment and sending onto you,
- Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default When Judgement in default in received, write to the other side to request payment
- If payment is not received within 14 days, providing you with advice on next steps and likely costs
Matters usually take 4-6 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.
Thank you once again for all the invaluable help you have undertaken on behalf of clients I have referred to you in respect of amounts owed to HMRC and petitions for winding up.
I know that my clients have been greatly impressed and it’s fair to say that without your help they would be in serious trouble.
- Service(s): General, Debt Recovery
Terry has been very helpful and has taken the stress out of a recent court hearing. Would recommend highly.
- Service(s): Debt Recovery
Mr Maylin is absolutely fantastic, he knows what he is talking about as he is a specialist .I had a situation with a company that was using “sharpe sales tactics” firstly he managed to calm me down and gave me the correct advise on how to handle the company. I’m extremely glad I didn’t pay the company demanding money from me.
In the event you have an issue like mine then speak to Terry as he will know the solution. I wouldn’t hesitate to recommend this firm in the future.
- Service(s): General, Debt Recovery
We have used Terry at T M Law on multiple different cases over the years and he has always been fantastic from start to finish. Really helpful and the process is always so easy. Would 100% recommend using.
- Service(s): Debt Recovery
Where do I start!
Terry and Aidan have helped with 2 separate issues and both have been so helpful.
Honestly, words don’t do justice to the service they have provided.
Thank you so much
- Service(s): Debt Recovery, Landlord Tennant, Employment Law
Terry has been nothing short of exceptional. From start to finish, he has been a consummate professional, knowing in detail what needs to be done, and how to assist. He was able to conclude our business swiftly and with great due care and attention. Terry is worth his weight in gold! Thank you Terry!
- Service(s): Debt Recovery
STU
Can’t say enough good things about TM Law and Terry
- Service(s): Debt Recovery
Wow Terry was such a massive help in sorting out my unpaid invoices with the NHS. Amazing support, stress free, organised and kept me up to date without wasting my time or his.
Very efficient, would recommend anyone having difficulties with unpaid invoices to get in touch with Terry.
Thank you!
- Service(s): Debt Recovery
Terry is a very knowledgeable professional, and recently provided me with invaluable information regarding claiming for a car accident personal injury claim – would highly recommend
- Service(s): General, Debt Recovery
When all else fails
When all else fails and you have to turn to solicitors you wont go wrong using TM LAW. Not the first time I’ve had to use them and am never disappointed. I have used them from drawing up lease agreements to pursuing monies through the courts system and have never had a bad experience with them by my side.
- Service(s): General, Debt Recovery, Landlord Tennant
View a selection of our Debt Recovery Case Studies
