DMH Stallard’s debt collection team improves cash flow for commercial clients

10 Nov 2021

Leading South East law firm DMH Stallard recovers £134,600 in unpaid debts for major international medical company.

The Debt Recovery team, led by Simon Elcock, was instructed to deal with over 200 debts on behalf of a global dental equipment manufacturer and supplier. The team issued a total of 217 letters before action in a 48 hour period, which were sent to the client’s debtors. Within 6 weeks, a large number of accounts had been paid in full and recoveries amounted to nearly £135,000, at a modest cost to the client.  

Partner and Head of the Dispute Resolution team, Simon Elcock, said:

“I am very proud of the team and the work they have delivered; our client is  delighted with the initial results we have achieved. For every £1 spent on legal fees, we have recovered over £50 for our client. Our team has developed a highly effective and bespoke service for the recovery of uncontested debts, allowing us to recover significant amounts of cash for our clients quickly and at a low cost. This is an excellent result all round and typical of the outcomes we deliver to our clients in this area of work.” 

Simon Elcock and his team are now coordinating with the client to send out follow up letters to the remaining outstanding accounts and take further action if necessary. 

The Debt Recovery team was recently commended for their legal expertise in the 2022 Legal 500 directory, achieving a Tier 1 ranking. Clients recognise them as “always prompt and professional with their help/guidance” and “a friendly, approachable and professional service with an honest assessment of the best way forward.”  They work for clients with a high volume of invoices and across a number of sectors, including professional services and manufacturing. 

The Dispute Resolution team at DMH Stallard includes the firm’s Debt Recovery, Commercial Disputes and Insolvency practices, amongst others, meaning they are able to work with clients at all stages of the recovery process, including where Court or bankruptcy/insolvency proceedings are required. 

Does your business need expert help and advice about similar issues that we could assist with? Contact our Debt Recovery Team for a free, no obligation discussion.

Debt-Recovery-Infographic-3.jpg

Further reading

DMH Stallard LLP acts for Chill Brands Group plc in completing its fundraisings

Blog
08/12/2023
DMH Stallard was legal adviser to Chill Brands Group plc on the fundraisings and publication of the prospectus and liaised with the Financial Conduct Authority. The DMH Stallard team was led by Nick Williams and included Georgina Thomas, Amber Monaghan and Claire Baker.
Read more Read

Corporate Awards are ‘gr-eight’ for DMH Stallard

Blog, News & PR
06/12/2023
The Corporate department at DMH Stallard has been shortlisted for an incredible eight different awards at the 2024 South East Dealmakers Awards
Read more Read

What does fair redundancy consultation mean?

Blog, Legal Updates
01/12/2023
All employers will be familiar with the need to follow a fair process of consultation in relation to any redundancy dismissals. But what does that mean? A recent Employment Appeal Tribunal decision underlined the importance of one aspect of the process
Read more Read

Major Reforms to Companies House

Blog, Legal Updates
30/11/2023
The Economic Crime and Corporate Transparency Act 2023 (the “Act”) has now received Royal Assent and become law. Its objective is to deliver a range of reforms to tackle economic crime and improve transparency over corporate entities.
Read more Read
  • Brighton - Jubilee St

    1 Jubilee Street

    Brighton

    East Sussex

    BN1 1GE

  • Brighton - Old Steine

    47 Old Steine

    Brighton

    East Sussex

    BN1 1NW

  • Gatwick

    Griffin House

    135 High Street

    Crawley

    West Sussex

    RH10 1DQ

  • Guildford

    Wonersh House

    The Guildway

    Old Portsmouth Road

    Guildford

    Surrey

    GU3 1LR

  • Hassocks

    32 Keymer Road

    Hassocks

    West Sussex

    BN6 8AL

  • Horsham

    3rd Floor

    Afon Building

    Worthing Road

    Horsham

    West Sussex

    RH12 1TL

  • London

    6 New Street Square

    New Fetter Lane

    London

    EC4A 3BF

  • Make an enquiry

    Make an enquiry

    Message

    Or head to our Contact us page