Need Assistance? Call 0151 647 7372

Need Assistance? Call 0151 647 7372


174 Law is on your side through every step of the way with your debt recovery issues. Our advisors will create a cost-effective analysis of your situation so you can get back on track with your commercial strategy and business objectives.

What is the debt recovery process?

The stages of collecting a UK business debt are fairly straightforward, with over 80% of debts paid after the first stage.

Here’s an outline of what to expect:

Letter Before Action

It’s vital to send a letter before action (LBA) before you start any legal proceedings. This is a formal letter detailing how much money you’re owed and the time period in which the debtor must pay the debt before further action is taken.

The Statutory Demand procedure

This can be used as an alternative to issuing proceedings in the County Court. It can be used where the debt is not realistically (or actually) in dispute. It acts a preliminary warning as to bankruptcy (for an individual) or of winding up (for a company). It is often  very effective because most individuals and/or companies do not want to be made bankrupt or wound up. We can discuss and explain this procedure in more detail where appropriate.

Issue legal proceedings

If the debtor doesn’t respond or if they refuse to pay you back – the next step is to issue legal proceedings through the county court. The debt receives a notice informing them to pay the debt, plus interest and costs within 14 days. You now legally can add on £40 – £100 per invoice as compensation. If a business can’t afford to pay up then you’ll need to apply to wind-up the company as part of the insolvency process.

County Court Judgement

A County Court Judgement (CCJ) is an official court order to say that the debtor hasn’t repaid you yet. A CCJ means you can execute enforcement action on the detor. A CCJ can severely affect a debtor’s credit rating, meaning they’ll find it increasingly hard to borrow money.


This is where bailiffs or High Court Enforcement Officers visit the debtor’s address and seize goods to the value of the debt.

What are the advantages of debt collection?

Apart from getting your money back, there are so many advantages of using a debt collection solicitors:

  • Cut your costs on interest rates, extra staff and other variable business costs
  • Minimise your frustrations: Take the stress out of dealing with late payers and leave it to us
  • Time saving: While we chase your debtors, you can get on with running other aspects of your business so you can keep other clients happy and avoid missing out on profit
  • Productivity boost: If you usually use your own finance department to chase debts then you can put them to better use elsewhere in the business rather than wasting time chasing up debtors.

How can 174 Law help?

We have a dedicated debt recovery specialist team to handle all your business and commercial debt recovery needs. Our impressive track record puts us on par with some of the biggest debt recovery solicitors in the UK. Our aim is to make sure your cash flow is back on track, as well as to reduce your costs in the long-run.

We offer a comprehensive debt recovery service including:

  • Finding your debtors
  • Telephone debt recovery
  • Letters before action
  • County court claims
  • County court enforcement
  • High court enforcement
Interested in our debt recovery service? Call us today on 0151 647 7372 to speak to our specialists or email
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Interested in our debt recovery service? Call us today on 0151 647 7372 to speak to our specialists.

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