Appointments can now be held by Zoom or Skype video call, by phone or in person at one of our local offices
Claim compensation on a ‘NO WIN NO FEE’ basis for all types of serious injury, workplace and traffic accident.
We can help you buy or sell a residential or commercial property including leasehold properties on a ‘NO MOVE NO FEE’ basis.
We help with divorce, children, finances, civil partnerships, estate planning and administration.
We can help with estate planning to protect your wealth for the future and with probate/estate administration.
Our expert solicitors can help you claim for, or settle a civil dispute, loss of money or a commercial debt.
Please note that our offices will close on the 23th December and reopen on the 11th January.
Our best wishes for the festive season.
Commercial Debt Recovery Solicitors
COMMERCIAL DEBT RECOVERY
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.
Brilliant service from start to finish, solicitor spot on. Could not have asked for better. Very efficient and professional. Nothing to improve on, your service is excellent. Very friendly staff, thank you.
Professional advice, honest, realistic, factual advice given - fully explained (everything). I cannot see how this high level of service could be improved.
Service is exceptional. I have and will continue to recommend. Very friendly service, professional nature and more than helpful. Thank you, thank you for all your hard work and for helping me.
I am so grateful for all that you have done. I will be telling all my friends that you are the best solicitors. I will recommend you.
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.
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.
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
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:
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.
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, Shotton (Deeside), Wrexham and Ellesmere Port, 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.
PSR Solicitors are recognised experts in resolving disputes and debt related matters in North Wales & Cheshire.
Mark House
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.
Colwyn Bay Office
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.
We offer a no-obligation initial fact-finding discussion
£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:
£45 plus VAT, £3 Land Registry and £5 Companies House search
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.
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.
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.
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.
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:
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.
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
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.
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