Debt Recovery and Debt Collection
Our Debt Recovery Services
To speak to one of our debt recovery advisers please call
We are available until 8.00 p.m. Monday to Friday.
Debt recovery services that can get your money back In three working days! *
Fast and effective debt recovery.
Do you want your money back within three working days?
- We have over thirty combined years’ of experience in the debt collection industry, with an average success rate of 93 per cent.
- Our no-nonsense approach will often mean we can get your money back within THREE Working Days!*
- For debts that are owed by a limited company, we don’t normally use statutory demands!
Debt Recovery Frequently Asked Questions
What is a statutory demand?
A statutory demand is a formal legal demand seeking immediate payment of a specific debt. A limited company must owe more than £750 and an individual more than £5,000 for this process to be valid. Upon receipt, the debtor has 21 days in which to pay the amount owed. If the amount is not paid within those 21 days, the creditor can, in the case of a company, present at court a winding-up petition, or a bankruptcy petition (for an individual).
What's the downside of using a statutory demand?
In the case of a limited company, three weeks can be a long time in business before you can start court proceedings, since, in those three weeks, a company can be put into administration, by either its directors and or shareholders, or by a floating charge holder.
Directors and or shareholders can also apply to have the company placed into liquidation or a CVA. In such circumstances, you have no control over the proceedings and the company officers can dissipate its assets (“asset-stripping”), invariably putting them out of reach of creditors. Time can therefore be of the essence.
Debt recovery that puts you in control
First Capitol debt collection puts you in control.
All methods are tried and tested. By using our service, you will have access to a wealth of experience and expertise, which can significantly improve your chances of recovering what is owed.
*Please note: No two debts are the same; we can never, therefore, guarantee the outcome of any case, or that we can get your money back within three working days. For free no-obligation advice, call us today.
Debt recovery and debt collection benefits:
No two debts are the same, therefore we will never sacrifice quality for quantity
Our debt recovery and debt collection services include
**For debts in excess of £10,000.
Discuss your debt collection needs with an experienced Debt Recovery recovery consultant
We'll start the debt recovery process by contacting your debtors to arrange debt collection
Using our specialist debt recovery techniques, we will collect the amount you are owed together with debt interest