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Derek brings extensive experience in credit control to an already strong team in debt recovery, credit control strategy and dispute resolution, who advise a broad range of SME’s and corporate clients across the UK. In his new role, Derek and his commercial debt recovery team will be offering a dedicated commercial debt control service, offering pragmatic and cost-effective solutions for clients seeking to recover outstanding debts and maintain valuable business relationships. On average for every £1 spent with us, we recover £50.
The appointment comes as late payment pressure continues to mount on UK businesses. According to recent data, UK SMEs are currently owed over £23.4 billion in unpaid invoices with the average small business waiting for around £42,000, a figure that can impact on growth, stability and resources.
Derek Pickard, Head of Commercial Debt Recovery at DMH Stallard said
“Late payment is one of the biggest barriers to growth and we can help businesses improve their cashflow. The firm recently helped one client in a 12 month period recover £3million plus which was over 80% of their total debt. This unlocked substantial revenue for them in a cost-effective way and this is a service we can deliver to many other businesses”.
Simon Elcock, Head of Dispute Resolution added
“We are delighted to welcome Derek to the firm. His experience and leadership will be instrumental in strengthening our commercial debt recovery offering and ensure our clients have the support they need in managing their cash collections in today’s challenging environment”.
DMH Stallard is an award winning, full-service law firm, whose people deliver tailored legal services with energy and creativity, backed by technical expertise.
With more than 90 partners and a total of over 380 people, based across the Southeast and London, we are able to provide multi-disciplinary legal teams with real depth to deliver a high-quality service.
