News

  • Latest updates

  • 20 May | Inflation and Interest Rates on the rise, again!

    This month, the Bank of England has further increased the base rate from 0.75% to 1% in an effort to address the continuing rise of inflation driven by increases in global fuel and food costs. Prices in the UK have risen over the past year by 9%, the highest for some 40 years, with 10% […]…

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  • 4 Apr | Insolvency Winding up Petitions Update

    The Corporate Insolvency and Governance Act 2020 introduced various restrictions on Creditors bringing Winding Up Petitions against Companies during the Covid-19 pandemic. The Government has now announced that the current restrictions which ended on 31 March 2022 will not be further extended and tha…

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  • 23 Feb | Businesses Recoveries and growth bounce back Blog

    Some industry areas are seeing a resurgence in growth in the last quarter with retail sales showing a +1.9% in January 2022 and sales volume are up from pre-covid times. All of the above is great news for the economy (and hopefully for your business), however it can distract you from keeping an eye …

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  • 21 Jan | January 2022 – Round Up

    We have seen that whilst some industries continue to improve there is still a serious issue with late payments. According to the Federation of Small Businesses around 400,000 businesses may be forced to close this year due to late payments not being received and high inflation. We assist small busin…

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  • 7 Dec | Your Terms & Conditions – How can they help you?

    If a Debtor refuses to pay your invoice then your terms and conditions can significantly strengthen your position. As a firm of Solicitors at Devonshires Solicitors LLP we have knowledge and experience in reviewing terms and conditions and contracts. Some examples of terms that may be useful to incl…

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  • 5 Nov | Rising County Court Judgments and Creditor Action

    We have seen more and more Creditors in recent months using the County Court system to register their debts against a Debtor. If the Debtor does not pay the Judgment Debt within a month then the debt becomes registered against the Debtor as a ‘bad debt’ and will become searchable on their Credit…

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  • 6 Oct | Devonshires Solicitors LLP named as Tier One for a second year in the area of Debt recovery by Legal 500

    The most recent Legal 500 directory has been published and we are delighted that the Debt Collection Team has kept its previous year’s ratings of a Tier One Status. Please see the following review from one of our current clients: ‘The team at Devonshires provide a superb service. They do the bas…

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  • 13 Sep | Winding Up Petitions Update – September 2021

    Last week the Government announced that they would be introducing temporary changes to the Law on Winding Up Petitions against Companies. Currently, the Government has restricted Creditors’ use of Statutory Demands and Winding Up Petitions (which are used to liquidate a Company) until the 30 Septe…

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  • 18 Aug | Responding to a Claim

    One of the more frequent questions we get asked from our clients when instructing us on a debt matter is what happens after a Claim for monies is issued? We have created the below graphic to show you the process.…

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  • 2 Aug | Devonshires’ Debt Recovery Department assist small UK business in receiving payment of £130k from their supplier

    Devonshires were instructed by a small UK based consultancy company in respect of a debt that had been owed for two years. Payment of the debt together with statutory late payment compensation and monies towards the client’s legal costs were received with our Debt Recovery department having taken …

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  • 9 Jul | Debt Recovery Tips

    Having cash flow issues or in need of recovering an unpaid debt or judgment? This year there has seen many restrictions with Insolvency actions and delays with the court in processing disputed claims. Our Top Tips: Speed = the quicker you act the more likely assets have not been sold or moved. Act u…

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  • 18 Jun | Latest News about Commercial Debt and Insolvency

    The government have issued further updates regarding the Commercial Tenants Evictions and Companies Insolvency Procedure: On 16 June 2021 the Government announced that they have extended protection for commercial tenants from eviction to 25 March 2022.  Statutory demands and winding up petition…

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  • 11 May | Finding it difficult obtaining payment from a Debtor?

    Has the Debtor individual gone quiet? Finding it difficult to locate the debtor? Are you fed up with dealing with them? Is the Debt disputed and you feel like you are not making a way forward with them? Then… Contact us by email or phone to assist with your invoice collection; We are legally train…

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  • 19 Apr | Unpaid Debts – how to achieve payment – Top Tips

    Rent Arrears if your tenant owes rent to you – start by contacting the tenant to see if there is any reason for their non-payment other than that they can’t pay; If the arrears are older than six months then consider issuing a county court claim against them for payment of the rent; There are [&…

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  • 26 Mar | New Extensions to Company Insolvencies

    The Government has introduced further extensions to protect Companies which echo extensions given to individuals. It is introduced by the forming of the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021 which extend the following: –…

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  • 11 Mar | Further Update on Residential and Commercial Tenants Evictions

    Yesterday the Government announced a further update for Landlords and Tenants: Extends the ban for commercial evictions to 30 June 2021; Extends the ban for residential evictions to 31 May 2021; Courts will still be able look into eviction claims if they are connected with anti-social behaviour, fra…

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  • 3 Mar | Managing Your Business – why should you choose us?

    As any business knows ‘cash is king’ in a business especially in the last year as business do all they can to survive these difficult times. So, how we can assist you and why should you choose us. What we can offer you: Advice on the best and effective method to enforce your judgment debt [&hell…

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  • 4 Feb | The Debt Respite Scheme (Breathing Space Moratorium) new rules and what it means for Creditors

    The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) Regulations 2020 comes into force on 4 May 2021. Let’s look into what it means for you as a creditor recovering monies from a Debtor? Who can apply for the Debt Respite Scheme? Any individual can apply for hel…

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  • 11 Jan | New Business Ideas for 2021

    The last year has been a testing time for all businesses no matter their size. At the Debt Collection Centre we are here to help you through the tough times. Try considering the following more closely: Check your standard terms and conditions – Is there a term in respect of claiming interest for l…

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  • 24 Nov | Our Debt Recovery Services

    Do you have a historic debt that remains unpaid? Do you have a judgment that you have not enforced against the Debtor as you are unsure of what to do next? Are you not sure how to find the debtor/ ex-tenant that owes you money? If the answer to any of the above questions are […]…

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