About us
DebtDept is the debt recovery department of Smithson Law Firm LLP. At Smithson Law Firm our wealth of experience affords clients quick and effective solutions to debt recovery.
Unrecovered debts fund another company's business instead of investing in your own. We are committed to helping you avoid putting your business at risk by failing to collect. You have done the work. Don't let your debtors take the credit.
Late paying customers are unlikely to change their late payment culture without pressure. This is where we can support you with a partnership approach that maximises your returns and reminds your customer payment to you really is a priority.
For clients with multiple debtors we produce regular reports to your specification. Our in house technology facilities allow clients to check recovery progress online, anytime.
Don't get mad - get your money
We understand the frustration you feel and appreciate the time lost by chasing late payments. Before your frustration turns to anger, why not invite our experts to recover your money for you, saving you time and undue aggravation.
We know from experience that our focused, legal approach gets results to recover outstanding debts.
Every penny counts
We work to maximise returns for you, regardless of your business size. Every penny counts to us. At the same time, we understand the importance of maintaining a continuing relationship with your debtor.
We couple this commercial awareness with our knowledge of contract, company and insolvency laws and an understanding of trader's duties and responsibilities to ensure payment of debts are met.
Our legal approach also demonstrates to directors of limited liability companies that they may potentially be personally responsible for their company's liabilities.
Dynamic debt recovery
We start the recovery process immediately upon taking your instructions. Contact between ourselves and your debtors takes minutes once we have the relevant contact details. Often a telephone call and letter from us brings immediate returns for you.
Get late interest penalty payment and compensation
We don't just help you get your money back. By making full use of the current late payment legislation we can help you recover interest and compensation as well.
For each and every outstanding invoice you could receive debt recovery compensation of between £40 and £100. Interest accrues from the date the payment became overdue until the time you receive payment. During times of low interest rates you can charge 8% above rate*.
*unless your terms and conditions state otherwise
Operating Europe-wide
Regardless of where you are based we can start debt recovery action or legal proceedings anywhere in the UK on your behalf. We may recommend issuing proceedings in the UK against EU debtors.
Flexible, transparent charge options
We know many businesses understand the advantages of instructing a law firm dedicated purely to debt recovery, however, they may be concerned about charges.
That is why our no recovery no fee charging policy is so popular with our clients. We start the recovery process without you having to pay any fees.
Instead, we charge a percentage of the debt recovered, giving us the incentive to make sure we maximise your returns.
Most solicitors charge hourly rates if legal proceedings commence. Wherever possible, we are committed to giving you fixed fees for legal and insolvency proceedings work. We want you to know what your costs are at all times and if they are likely to change we will agree this with you first.
Start recovering your debts - fast
We are a phone call away from acting on your behalf with our dedicated and professional approach. It's your money. Let us help you recover it.
We also offer specialist services in:
- Rent arrears
- Possession proceeding and
- Service charge collections
