Business Debt Recovery

Sherrards has a specialist business debt recovery team providing an effective and pragmatic commercial debt recovery service for debts of all values for companies across the UK. We can also help foreign businesses needing international commercial debt recovery services.

We understand that, in order to maximise the chances of recovering the debt, together with accrued interest, it is necessary to act quickly and efficiently. Our aim is to work closely with our clients to understand their business and tailor-make a bespoke debt recovery service, which supports their own credit control departments.

Disputed Claims:

The team acts for both claimant and defendant in disputed proceedings, in both the High Court and county courts.  We will guide you through the process, whilst at the same time striving to achieve your objectives.

For clients with bulk debts:

We have created “Sherrards Recover”, designed to enhance your existing credit control procedures or to act as your credit control department, to suit your business needs. Through “Sherrards Recover” we offer clients a fixed-fee service for uncontested money claims. To find out more, click here to contact Matthew Allan, solicitor.

Litigation support:

Our highly experienced top tier commercial dispute resolution team is on hand to provide advice and guidance to protect and support your business needs.  This ranges from advice on ways to manage and structure your business to provide the best protection against litigious claims, through to supporting you step by step through litigation, whether you are in pursuit or being pursued, with a full awareness of your commercial goals.

We want to give you clear and accurate information about our services, always. Please click here to download our costs information for Debt Recovery.

International debt recovery:

The scope of our international work frequently sees us advising clients on recovering monies from outside England and Wales in a variety of different jurisdictions.  Using our experience and our relationships with lawyers across the world, through our international alliances, we can advise you on the best options available to assist you in recovering the monies due.  We also advise clients on the enforcement of foreign judgments in England and Wales. Click here to find out more about our international team. 

Winding up proceedings:

We guide clients through the process of winding up a company, starting with the initial stage of pursuing the debt, through to presenting a winding up petition and obtaining the order to wind up the debtor company.

Bankruptcy proceedings:

Our experienced debt recovery team guides clients through the process of pursuing monies by way of bankruptcy proceedings against individuals.  This includes the initial service of a statutory demand; the making of a formal demand for the monies due, through to presenting a bankruptcy petition and obtaining the order.

County Court proceedings:

The debt recovery team advises clients on pursuing monies through issuing county court proceedings, with a view to obtaining a judgment against the defendant debtor.  The first step is to comply with the pre-action protocols under the Civil Procedure Rules (CPR), by making a formal demand for the monies due to you.  If this does not result in payment, our team will then advise you through the process of issuing court proceedings with the intention of obtaining a judgment against the debtor.