Appointments can be held by video call, by phone or in person at one of our local offices.

PSR Solicitors
  • People
  • Reviews
  • Locations
  • Training & Careers
  • Search
  • Call Us Now 0800 0209167
Phone
  • Injury Claims

    Have you been injured in an accident?

    Claim compensation on a ‘NO WIN NO FEE’ basis for all types of  serious injury, workplace and traffic accident.

    Meet our Injury Claims specialists
    • Injury Claims Home
    • No Win No Fee Accident Claims
      • No Win No Fee Accident Claims Home
      • Animal Injury
      • Bar, Restaurant & Nightclub Claims
      • Beauty Treatment
      • Care Home & Carer Injury
      • Criminal Injury Compensation
      • Defective Product Claims
      • Dog Bite Claims
      • Fairground Accident Claims
      • Playground Accident Claims
      • Holiday Injury Claims
      • In-Flight Accident Claims
      • Child Injury
      • Nursery And School Claims
      • Public Accident Claims
      • Shopping Accidents
      • Slip, Trip, Fall Accidents
      • Supermarket Accident Claims
      • Trampoline Park Accidents
    • Road Accident
      • Road Accident Home
      • Motorbike Accidents
      • Car Accidents
      • Cycling Accidents
      • Bus Accidents
      • Accidents with Uninsured Drivers
      • Hit and Run Accidents
      • Horse Riding Accidents
      • Mobility Scooter Accidents
      • Passenger Accidents
      • Pedestrian Accidents
      • Pillion Passenger and Sidecar Passenger Accidents
      • Taxi Accidents
      • Vulnerable Road Users
      • Whiplash Injury
      • E-Scooter Accidents
    • Serious Injury
      • Serious Injury Home
      • Amputation
      • Back Injury
      • Brain Injury
      • Broken Jaw
      • Burn Injury
      • Eye Injury
      • Fatal Accidents
      • Fractures and Broken Bones
      • Head Injury
      • Paralysis Injury
      • Scarring
      • Spinal Injury
      • Nerve Injuries
    • Work Accident
      • Work Accident Home
      • Construction Site Accidents
      • Cherry Picker Accidents
      • Chemical Injuries
      • Crush Injuries
      • Electrical Accidents
      • Factory Accidents
      • Farm Accidents
      • Falls At Work
      • Falls From Height
      • Forklift Truck Accidents
      • Hearing loss
      • Industrial Accidents
      • Inadequate PPE
      • Inadequate Training
      • Kitchen Accidents
      • Ladder Accidents
      • Machinery & Equipment Accidents
      • Manual Handling Injuries
      • Office Accidents
      • Scaffolding Accidents
      • Unsafe Work Practices
      • Unsafe Working Environment
      • Violence in the Workplace
      • Warehouse Accidents
      • Work Accident Compensation Calculator
    • No Win No Fee Solicitors
    • Injury Claims Process
      • Injury Claims Process Home
      • Can I Claim Compensation?
      • Transfer Your Legal Case
      • How is personal injury compensation calculated?
      • How is personal injury law changing?
      • How to Make a Motorbike Accident Claim
      • Personal Injury Claims Time Limits
      • Evidence Needed for Personal Injury Claims
      • What is legal expense insurance?
      • What are interim payments?
      • Our Supporting Partners
      • Injury Compensation Chart
    • Compensation Calculator
    • Case Studies
    • Colwyn Bay Team
    • Ellesmere Port Team
    • Rhyl Team
    • Shotton Team
    • Wrexham Team
    • Wallasey Team
    • Chester Team
  • Conveyancing

    Buying, selling or remortgaging a property?

    We can help you buy or sell a residential or commercial property including leasehold properties on a ‘NO MOVE NO FEE’ basis.

    Meet our Conveyancing specialists
    • Conveyancing Home
    • Residential Conveyancing
      • Residential Conveyancing Home
      • Shared Ownership
      • Right To Buy
      • Conveyancing Quotation Calculator
      • Fixed Fee Conveyancing
      • Property Purchase Guide
      • Property Sale Guide
    • Commercial Conveyancing
    • Online Conveyancing
    • Title Registration & Reconstitution
    • Conveyancing Quotation Calculator
    • Cheshire Property Team
      • Cheshire Property Team Home
      • Alderley Edge
      • Congleton
      • Ellesmere Port
      • Frodsham
      • Holmes Chapel
      • Knutsford
      • Macclesfield
      • Northwich
      • Prestbury
      • Runcorn
      • Warrington
      • Wilmslow
      • Wirral
    • Colwyn Bay Property Team
      • Colwyn Bay Property Team Home
      • Caernarfon
      • Conwy
      • Llandudno
    • Rhyl Property Team
      • Rhyl Property Team Home
      • St Asaph
    • Shotton Property Team
      • Shotton Property Team Home
      • Flint
      • Ruthin
    • Wrexham Property Team
      • Wrexham Property Team Home
      • Corwen
      • Llangollen
      • Oswestry
      • Whitchurch
    • Wallasey Property Team
      • Wallasey Property Team Home
      • Birkenhead
      • Heswall
      • St Helens
      • West Kirby
      • Liverpool
    • Liverpool Property Team
      • Liverpool Property Team Home
      • St Helens
    • Chester Property Team
  • Family Law

    Need help with a familiy related legal matter?

    We help with divorce, children, finances, civil partnerships, estate planning and administration.

    Meet our Family Law specialists
    • Family Law Home
    • Divorce Law
    • Clean Break Orders
    • Financial Settlements
    • What is No Fault Divorce?
  • Wills, Probate & Estates

    Need legal help planning for the future or after a bereavement?

    We can help with estate planning to protect your wealth for the future and with probate/estate administration.

    Meet our Wills, Probate & Estates specialists
    • Wills, Probate & Estates Home
    • Court of Protection
    • Inheritance Tax Planning
    • Inheritance Act Claims
    • Lasting Power of Attorney
    • Probate
    • Wills & Probate Disputes
    • Will Writing
  • Disputes & Settlements

    Are you involved in a dispute or owed money?

    Our expert solicitors can help you claim for, or settle a civil dispute, loss of money or a commercial debt.

    Meet our Disputes & Settlements specialists
    • Disputes & Settlements Home
    • Professional Negligence
    • Commercial Debt Recovery
      • Commercial Debt Recovery Home
      • Commercial Rent Arrears Recovery
    • Wills & Probate Disputes
    • Settlement Agreements
  • People
  • Reviews
  • Locations
  • Training & Careers
  • Search
  • Call Us Now 0800 020916
Commercial Debt Recovery

Commercial Debt Recovery Solicitors

  • 5 Star Google Reviews
  • LEXCEL Accredited Firm
  • Dispute Resolution Specialists
  • Excellent Success Rates
  • On this page

COMMERCIAL DEBT RECOVERY

Commercial Debt Recovery Solicitors in North Wales and Cheshire.

Law Society Accredited - Practice Management Standard

A Commercial Debt Recovery Solicitor is an experienced legal professional who specialises in helping, advising and taking action to recover money for businesses.

If unpaid debts are impacting your ability to run your business effectively, then talk to our specialist Commercial Debt Recovery team.

The team at PSR Solicitors has built a reputation for successfully recovering business debts for clients in Wales, Cheshire and across the UK.  For legal advice with regards to any form of business debt recovery call our office now for an initial consultation or leave your details using the enquiry form on the page and we'll call you back.

Our knowledgeable experts will provide personal, tailored advice for your business. Whether unpaid debts are causing issues with cash flow, your ability to pay staff or creditors, or you are finding your time wasted by chasing up bad debts. We can help to bring a swift and positive solution to your situation with minimal fuss

We are ready to provide reliable, strategic, and responsive advice, whatever the nature of your commercial debt recovery case.

Commercial Rent Arrears Recovery

If there's a problem, we have the solution...

Previous Next

10 out of 10 - Superb - 100% satisfaction

Mr W Rhyl 5 Star Google Rating

If you should find yourself in the unfortunate position of requiring the services of an accident claims solicitor then there is simply no one who will look after you better.

Alex Rooney 5 Star Google Rating

Quick service. Simple Explanations. Friendly atmosphere.

Vitally 5 Star Google Rating

Would highly recommend the team at Wrexham, very professional service thank you

Hywel Lloyd 5 Star Google Rating

Disputed and Undisputed Invoice Claims

Should you have an undisputed invoice claim, our team will work on a fixed-fee arrangement, which means that you won’t have to worry about costs.

If your claim is disputed, our dedicated litigation experts will be able to provide the advice you need to progress matters efficiently to a quick and satisfactory conclusion.

Your dedicated solicitor will be able to provide clear and straightforward advice on complex issues of business debt recovery, commercial debts and your chances of debt recovery.

  • Fixed Fees
  • 5 Star Google Reviews
  • LEXCEL Accredited Firm
  • Friendly local experts

Our experience

We have extensive experience in litigious matters, and, on average, recover more for our clients than our competitors, so you can be confident that your claim will be in safe hands.

We promise that you will deal with your own dedicated solicitor, who will ensure that you receive the personal and professional service on which we pride ourselves.

How we can help you recover your commercial debt

There are different ways to approach the recovery of a debt, depending on the specific circumstances of your case.  We have the experience and expertise to provide the personalised advice you need.

Taking your debtor to court is an option, but we prefer to see that as the final step...  There are other less costly, and more efficient, “pre-legal” alternatives which should usually be attempted first.   Although there is no set timescale to recover a debt, there is a clear and transparent process that can be followed.

Usually the first, and often only, step required is for us to contact your debtor on your behalf and request payment of the debt.  In many cases, simply being contacted by a professional, well-known law firm is enough to ensure full payment.

At this stage, our expert team will also be able to advise you on 'Late Payment Legislation', which may allow you to claim interest, compensation, and reasonable costs of recovery in addition to your original debt.

Our Full range of debt recovery services and fees are available below

Issuing a Letter Before Action

If the debt to your business remains unpaid, we can begin formal legal action by issuing a letter of claim (called a Letter Before Action), which includes a demand for payment of your debt (including interest and compensation if appropriate), and explains that, should the debt not be paid by a specified deadline, court proceedings will follow.

On many occasions, this formal, legal step is all that is required to recover your debt.

However, if your debt is not paid within the period you have specified, we can commence court proceedings.

Once we have made your claim, the debtor has 14 days to acknowledge the claim or enter a defence; should they fail to do so, we will request judgment.

If your debt is still not repaid at this point, we will provide you with the most appropriate advice in relation to the different available options to enforce your judgment.

Some possible strategies include:

  • Attachment of earnings
  • Charging orders
  • Writ of control
  • Warrant of execution
  • Statutory demand

Further details can be found below in relation to each of these options, including clear and transparent information on the costs involved.

In addition, there may be other options that you wish to explore, such as arbitration or action under insolvency legislation.

We will be with you at every stage to offer responsive and personal advice.

Contact the Commercial Debt Recovery team at PSR

Established in 2009, PSR is recognised as a leading law firm in respect of commercial debt recovery across North Wales and Cheshire. With offices in Colwyn Bay, Ellesmere Port, Rhyl, Shotton, Wrexham, Wallasey, and Chester, we are perfectly positioned to help, advise, and take action to recover your money. We are here to make everything as straightforward as possible for you.

Over half of our current clients came to us on the recommendation of our previous clients, so you can be confident that we will live up to our promises. Our locations and expertise make us an ideal choice for commercial clients right across the North West, including Liverpool and Merseyside.

The strength of our team means we regularly work for commercial clients in all areas of England, Wales and Northern Ireland, so call us today or use the enquiry form on the right-hand side of this page.

Your key contacts for Disputes & Debts

PSR Solicitors are recognised experts in resolving disputes and debt related matters in North Wales & Cheshire.

Mark House

Mark House LLB

Solicitor - Head of Litigation

Since 2014, I've been proud to help hundreds of people I've represented in all manner of injury claims, including serious orthopaedic injuries, brain damage, and psychological trauma.

Mark House LLB

Solicitor - Head of Litigation

I completed my law degree and legal practice course at Nottingham Law School, before qualifying as a solicitor in 2004. I then worked at a specialist personal injury firm in the East Midlands and a leading regional firm, before joining PSR in 2017.

With PSR I've continued to specialise in acting for Personal Injury claimants and have developed a keen understanding of the procedures and tactics involved in pursuing a claim, as well as the difficulties and concerns faced by people who have suffered as the result of an accident.

Since 2014 I've been proud to help hundreds of people. I've represented the public in all manner of injury claims, including serious orthopaedic injuries, brain damage, and psychological trauma. I was instructed to deal with claims for clients in the aftermath of the Potters Bar rail crash and the Penhallow hotel fire.

In addition, I represent clients in relation to all manner of disputes. I have dealt with professional negligence claims, such as those against solicitors and builders. I have helped clients recover money which is due to them and to dispute invoices which have been sent to them. I have helped business defend claims against them. I have tackled neighbour and boundary disputes.

I live locally to the Colwyn Bay office, and outside of work, I enjoy taking advantage of the coastal and mountain outdoor activities which are available on the doorstep. I'm also heavily involved with an outdoor pursuits charity, which I find an enjoyable and rewarding way of using my free time.

Shotton Office, Wrexham Office, Colwyn Bay Office, Wallasey Office

  •  01492 531180
Mark House

How Much Does it Cost to
Recover Commercial Debt?

If your claim is not disputed, the costs involved in each of the relevant steps of the process are set out below. Should your claim become disputed at any stage, your dedicated, expert solicitor will discuss the process, and the costs involved, at that stage. 

You should keep in mind that, under the Late Payment Legislation, you might be able to claim interest, compensation, and reasonable costs of recovery in addition to your original debt, which could increase the amount of your claim into a higher band.

Initial discussion

We offer a no-obligation initial fact-finding discussion

Execution

£200 plus VAT for a claim valued at up to £50,000.  Our fees for claims worth more than £50,000 will be negotiated with you and agreed in advance.

Fees for executing the debt recovery process include:

  • Review of evidence
  • Opening the file
  • Drafting of the client care letter
  • Drafting a Letter Before Action
  • Advising upon response/failure to respond

To trace an individual

£45 plus VAT, £3 Land Registry and £5 Companies House search

Response letters

All response letters: £20 plus VAT.  An additional £20 plus VAT will be charged if the letter also needs to be sent to a guarantor.

Court proceedings

If we are unable to negotiate a satisfactory outcome or the defendant ignores our letter of claim the court proceedings will need to be issued.

To draft court proceedings:

Debt Court Fee PSR Fee
£1,000-£1500 £80 £150 plus VAT
£1,500 - £3,000 £115 £200 plus VAT
£3,000 - £5,000 £205 £250 plus VAT
£5,000-£10,000 £455 £300 plus VAT
£10,000 - £200,000 5% of claim To be agreed

Request judgment: £75 plus VAT

If your debtor fails to acknowledge the claim or enter a defence within 14 days, we will request judgment from the court.

To attend Court hearing: £300 plus VAT

If the matter is defended and a judge is required to determine the case.

Attachment of earnings: £150 plus VAT

An attachment of earnings requires your debtor’s employer to make deductions from your debtor’s pay to pay off your debt. This can take 6-8 weeks from the application to court.

There may be additional costs if a court hearing is required, or additional work is necessary should the debtor not be found, or their employment circumstances have changed. A court fee of £110 is also payable.

Charging orders: £200 plus VAT (excluding hearing)

A charging order secures your debt against property owned by your debtor (often their home). This provides you with additional security should the debt not be paid in full. If the debtor does not object to the charging order, this process usually takes 4-6 week; should your debtor object, and a hearing is required, additional time and costs would follow.

There are additional third-party costs involved in obtaining a charging order:

  • Court fee - £110
  • Agent’s fee (if required) – varies on location
  • Registration of charging order - £40
  • Search fee - £11

Writ of control: £60 plus VAT

A writ of control is an order to from the High Court to an enforcement officer to take control of, and sell, as much of the debtor’s property as is required to settle your debt. Obtaining your money in this way can take about 8-12 weeks, and is dependent on the debtor’s assets, and their ability to pay.

It may be necessary for us to engage in additional correspondence in relation to the writ of control, in which case your solicitor will discuss an appropriate hourly rate with you for the additional work.

There are additional third-party costs involved in obtaining a writ of control:

A £90 HCEO fee is also payable for an unsuccessful writ.

Warrant of execution: £75 plus VAT

A warrant of execution (or a warrant of control) is an order from the County Court to a County Court bailiff to take control of, and sell, as much of the debtor’s property as is required to settle your debt. Obtaining your money in this way can take about 8-12 weeks, and is dependent on the debtor’s assets, and their ability to pay.

It may be necessary for us to engage in additional correspondence in relation to the warrant of execution, in which case your solicitor will discuss an appropriate hourly rate with you for the additional work.

There are additional third-party costs involved in obtaining a warrant of execution. i.e Court Fee  £110

Statutory demand: £150 plus VAT

We can issue a statutory demand on your behalf if your claim is not disputed (e.g. if you have a judgment in your favour, or you debtor accepts that the payment is owed). Your debtor will have 21 days from receipt of the demand to either pay the money they owe you or reach an agreement to pay it. A statutory demand is served by a process server, which usually takes about 2-3 weeks, and involves an additional process server fee (paid to the process server), which can be up to £150 plus VAT.

Dispute & Debt insights from PSR

Case Studies All Case Studies

£10,000 for Professional Negligence Claim in Colwyn Bay

Professional Negligence
Read More
£10,000 for Professional Negligence Claim in Colwyn Bay

Debt Recovery Counter Claim Chester

Disputes & Debts - All
Read More
Debt Recovery Counter Claim Chester

Articles All Articles

Landlord & TenantDisputes & Debts

Local Business Debt & Landlord Rent Recovery

Mark House | Head of Disputes & Debts
Local Business Debt & Landlord Rent Recovery
Local News

PSR Solicitors Lexcel Accreditation 2020 for Legal Excellence

Paul Rossiter | Managing Director - Head of Private Practice
PSR Solicitors Lexcel Accreditation 2020 for Legal Excellence

Contact our Debt Recovery Solicitors to get started…

  • Fixed Fees
  • 5 Star Google satisfaction ratings
  • Law Society Accredited Solicitors
  • Personable, Professional & Reliable

Follow Us

  • Facebook
  • LinkedIn
  • Twitter

Locations

  • Chester
  • Colwyn Bay
  • Ellesmere Port
  • Rhyl
  • Shotton
  • Wallasey
  • Wrexham

About PSR

  • About PSR
  • News
  • Claim Calculator
  • Case Studies
  • Reviews
  • Our Team
  • Contact Us

Legal

  • Terms and conditions
  • Privacy
  • Money laundering procedures
  • Complaints

Registered Address: Shotton Villa, 36 Chester Road West, Shotton, Deeside, CH5 1BY   Registered under the Data Protection Act 2018   VAT Number 970 2494 1

P.S.R. Solicitors Ltd is a legal practice in England & Wales – Reg No. 07640226 – Authorised and Regulated by The Solicitors Regulation Authority (560691)

© Copyright 2023 PSR Solicitors Ltd All Rights Reserved.      Web Designer Katalysis Net

Contact our Commercial Debt Solicitors to get started…

Tell us a little about your matter and one of our experts will contact you for and provide an estimate of cost.

  • Fixed Fees
  • 5 Star Google satisfaction ratings
  • LEXCEL Accredited Firm
  • Personable, Professional & Reliable

This data will only be used by PSR Solicitors Ltd for processing your query and for no other purpose.

Cookie Notice By continuing to use this website you are agreeing to our use of cookies.
Learn more