Credit Management
CREDIT MANAGEMENT
We provide a comprehensive credit management service advising on all areas including:
• Recovery of debts
• Contract law
• Terms and conditions of trade and trading arrangements
• The making and termination of contracts for the supply of goods
Our Debt Collection Package
Successful debt collection has a crucial role in ensuring business survival. When businesses have aged debts they need to collect them quickly, efficiently and cost effectively.
Woodfines offers a tailor-made commercial debt recovery service. Where your invoices are uncontested we offer a scale of fees based on the following stages:
• For a fixed fee of £40 plus VAT, we will prepare a letter before action demanding payment.
• Preparation of proceedings on a fixed fee basis according to the value of the debt.
• Obtaining judgment where the debtor fails to respond to the claim or file a defence.
Full details of our scale of fees can be found here:
| Amount of debt | Charges excl VAT | Issue Fee |
| £200-£5,000 | £100 | £30-108 |
| £5,001-£15,000 | £100 | £225 |
| £15,001-£50,000 | £200 | £360 |
| £50,001-£100,000 | £200 | £630 |
| £100,001-£150,000 | £250 | £890 |
| £150,001-£200,000 | £250 | £950 |
| £200,001-£250,000 | £300 | £1,170 |
| Above £250,000 | Calculated on a case by case basis | £1,350 |
What Next?
If you would like to instruct Woodfines to recover an uncontested invoice debt please complete our debt recovery instruction form and return a copy to us by fax to 01908 202 150 or email debt recovery
An electronic version of our debt recovery instruction form is available here:
We can also provide advice expert on appropriate enforcement options to recover the debt once judgment is obtained.
Our commercial litigation team is highly experienced and available to meet all your litigation needs. For more complex disputes, we should be delighted to provide you with cost estimates on a case by case basis.
For more information about our debt recovery package or to discuss any other commercial debt recovery matters please contact us.