Unpaid debts are more than just numbers on a balance sheet—they are the silent killers of business growth and sustainability. While the immediate loss of revenue is evident, the hidden costs of unrecovered debts can ripple through every aspect of your organisation. In this article, we delve into these concealed impacts and highlight how proactive…
In today’s complex debt recovery landscape, businesses often find themselves juggling between debt collection agencies and law firms to reclaim outstanding debts. This fragmented approach can be time-consuming, costly, and inefficient. Legal Recoveries offers a unique solution by handling the entire debt recovery process under one roof, ensuring a more streamlined, cost-effective, and professional approach…
When clients partner with us, we want to add as much value to the relationship as we can. That’s why we pride ourselves on the wide range of benefits we are able to offer – all of which are designed to make the process of debt recovery smooth, efficient and transparent from start to finish. …
Debt Management: Need help? Have you been struggling with your debt management? Managing debt can be overwhelming, but Legal Recoveries, the debt recovery agency, is here to support you with professional debt management and recovery services. Whether you’re dealing with personal debt or unpaid invoices, our team can help create a clear plan to get…
Sector: Healthcare Debt type: Former Employee Debt Debt amount: £777.96 Amount Paid : £1,000.65 (ongoing payment arrangement) Costs to Client: £68.00 plus court disbursements Brief The Ambulance Trust instructed us to collect £777.96 from a former employee. At the time of leaving their employment, a balance under the salary sacrifice agreement was owed. The…
What is Asset Tracing and Recovery? Asset tracing and recovery is a crucial process used to locate and reclaim assets that have been hidden, misappropriated, or unlawfully acquired. This procedure is often employed in various contexts, including fraud investigations, divorce settlements, and debt collection. Understanding the basics of asset tracing and recovery can be…
Sector: Healthcare Debt type Commercial Debt amount: £3,500.00 Amount Recovered: £4,637.91.00 Costs to Client: £557.02 Brief An NHS Trust instructed us to collect £3,500 from a commercial debtor who had failed to pay for a silver conference sponsorship package. At the point of our instruction by the Trust, no money had been repaid and…
Defended Claims The HM Courts & Tribunal Service (HMCTS) has introduced new practice directions for Defended Claims to include mandatory mediation for the “Small Claims Track”, introducing a new track called the “Intermediate Track”. We anticipate that the change will have a positive impact and expect to see an increase in small claim cases reaching…
There are many misconceptions surrounding debt recovery, including the idea that Court proceedings are almost a matter of course for any claim. In truth, this avenue is not required for a large proportion of debt settlements. There are in fact a lot of steps we walk our clients through before Court action has to become…
With budgets across the healthcare sector and the NHS in particular already tight, managing and recovering outstanding debt has never been more important for organisations operating within this industry. Debts can take many forms – from private patients who owe money for services they have accessed, to commercial debt that has accrued internally through the…
Many people have heard the term ‘debt recovery’ but often, they do not understand precisely what it involves and the process that must be followed. Debt recovery can be both time consuming and resource heavy, so we appreciate how much of a drain it can be on a company’s finance or credit control team. In…
Hello and welcome to our February update. We’d first like to take this opportunity to say a big welcome to clients who have recently started working with us, as well as a thank you to our ever-growing list of pre-existing clients and partners who continue to put their trust in our two decades of debt…
Introducing Our New Brand We are very excited to announce that we have kicked off the new year with a complete overhaul of both our brand and our marketing strategy. We saw 2024 as the perfect time to invest in our brand, as we prepare to enter an exciting new chapter with our official…
Welcome… To our autumn client newsletter and to all new clients that have recently come on board we hope you’ve all had a good summer. We had a busy one and we are extremely proud to have been re-appointed a place on the prestigious LUPC framework. We have been a supplier on this since 2013,…
Debt recovery is the process of collecting overdue invoices and payments from customers . It is a crucial part of any business, as it helps to ensure that all outstanding debts are collected and that the creditor remains financially secure. The debt recovery process involves several steps, such as identifying delinquent customers, sending out notices…
Enforcement of A Judgment can take a variety of different pathways depending upon the type of debtor you are dealing with and the value of the debt. Methods of enforcement include An Attachment of Earnings Application which is appropriately used where you have obtained a debtor’s employment details and believe the debtor to be in…
Leading debt recovery and litigation specialists Legal Recoveries and Collections Ltd (LRC) who are based in Nottingham celebrate a significant milestone birthday of 21 years on 1st July. LRC was established in 2002 as the result of an MBO from one of the UK’s top international law firms. LRC are regulated by the SRA and…
You have supplied goods or services to your customer and rendered an invoice, now you just need to wait for the payment to come in. But what if your invoice is not paid in accordance with your payment terms and is now overdue for payment? It is important at the point the invoice falls overdue…
Healthcare debt collection is a delicate process and requires both professional and ethical processes to be in place. LRC understand that reducing these growing Healthcare debt portfolios is both time-consuming for staff and costly to manage – and we know that this time could be put to better use. LRC offer specialist debt…
Welcome To our client newsletter and to all new clients that have recently come on board. Please read on for our Christmas opening hours, an update from the recent CSA conference and the cost of living crisis, along with a recap of a couple of our services. LRC Key Christmas dates 2022 Royal Mail First…
Welcome To our Autumn client newsletter, and to all new clients that have recently come on board. Don’t delay, instruct us today! With the current economic climate it would be wise to review your ledgers and send over any late payers to us sooner rather than later, the fresher debt the easier in theory it…
20th Anniversary for LRC Ltd Legal Recoveries Collections Ltd was established in July 2002 following a management buyout from one of the UK’s top international law firms. It has been a rollercoaster of a journey. As mums with young families, we had not considered being business owners but when the opportunity presented itself we knew…
Throughout the pandemic, there was much talk about the future cliff edge that businesses faced. This was once supported by the Government stopped and the temporary restrictions on winding-up petitions came to an end. It appears the cliff edge has arrived with the ending of the restrictions on the 30th March 2022. The Corporate Insolvency…
Have you obtained a County Court Judgment but still not been paid? We feel your pain but often obtaining a County Court Judgment (CCJ) can be the easy part. Here at Legal Recoveries & Collections Limited (LRC), we don’t just want to obtain the Judgment for you. A successful outcome is one where you receive…
Rachael Ward, Head of Litigation at Legal Recoveries & Collections Ltd, considers how the Covid pandemic has impacted litigation procedure and if changes are here to stay. At the outbreak of the pandemic and the lock down that occurred with a speed and extremity that took us by surprise the Court system had to and…
An overpayment of wages can happen for many reasons and is not uncommon. The good news is you are entitled to be repaid the money even if the overpayment was a result of your error. If the person is still employed with you then recovery is usually a fairly easy process and you can claw…
Welcome to our spring newsletter, we are all so ready for the lighter evenings and warmer days! This month sees us introduce two new staff members, Jayne McFarlane to the Debt Support Team, and Penny Daisley as our new Head of Business Development who will be responsible for all new business and heading the business…
It has been over 2 years since we last undertook a review of our fees and we wanted to let you know that with effect from the 21st February there will be a couple of changes to all of our existing fee scales. We are also in the process of reviewing fee scales individually and…
Christmas last posting dates • 1st class – Saturday 18th December • 2nd class – Tuesday 21st December Christmas Opening Hours • Friday 24th December – CLOSED • Saturday 25th/Sunday 26th December – CLOSED • Monday 27th December – CLOSED • Tuesday 28th December – CLOSED • Wednesday 29th December – OPEN • Thursday…
LRCs expertise spans across debt collection services, dispute resolution, litigation, and insolvency services – and we think this makes us pretty unique. Rachael Ward – LRCs in-house lawyer, specialises in disputed and defended cases. Rachael has been part of the LRC team for over 4 years. With a wealth of knowledge and experience in…
We hope that you have all managed to have a good summer. Life finally seems to be going back to normal, well a new normal! Our team are still in working bubbles with a mix of being in the office and working from home, which does seem to be the way forward to help protect…
Following a Government consultation in relation to the alignment of Court fees between the Claims Production Centre (CPC) and local Courts a decision has been made that these fees should align with each other. As we are users of the CPC and, wherever we can, utilise it to commence Court actions we have always taken…
We are pleased to announce that we are relocating our office on the 21st May 2021. This is an exciting move forward for the business. Our new property is situated in the city centre within a regeneration area which has a new green, pedestrian friendly public space and the offices will provide the perfect amount…
Hopefully this newsletter finds you all safe and well and that you are all starting to get some normality back into your lives with the easing of restrictions. We would like to welcome on board a new member of staff, Jamie Kavanagh, our new Business Development Manager. He will be responsible from introduction through to…
Hopefully this newsletter finds you all safe and well and coping with lockdown. We’ve got everything crossed for the roadmap of re-openings ahead to be on target. We are pleased to say we haven’t seen a big drop in customer payments and we continue to make sure that customer engagement is at the forefront of…
LRC Key Christmas Dates 2020 • 1st class – Friday 18th December • 2nd class – Wednesday 16th December Christmas Opening Hours • Thursday 24th December – Closed • Friday 25th December – Closed • Monday 28th December – Closed • Tuesday 29th December – Open • Wednesday 30th December – Open • Thursday…
This month sees further disruption to us all with another lockdown, read on for updates on changes to the High Court Enforcement Agents rules. We also have some important fee updates to tell you about. Please do get in touch with the client services team if you would like any further information or assistance:clientservices@legalrecoveries.com We…
We hope this newsletter finds you well and coping with all the changes we are currently going through. We are still very much business as usual and currently have a small bubble of staff based in the office with the rest of our staff working from home. We have been busy catching up with some…
We celebratedLRC’s 18th Birthday on 1st July, not in the manner that we were hoping for given the current climate but we really look forward to our staff returning to the office at some point and celebrating properly! We would like to say a big thank you to our staff and clients for their continued…
With many businesses struggling financially as a result of the coronavirus, creditors are being encouraged to work with debtors and show forbearance to agree mutually acceptable payment arrangements. The pandemic has disrupted businesses and placed them under financial pressure. Maximising debt collection will be many businesses’ priority to secure their interest but also as a…
Leading debt recovery and litigation specialists Legal Recoveries and Collections Ltd (LRC) who are based in Nottingham celebrate a significant milestone birthday of 18 years on 1st July. LRC was established in 2002 as the result of a MBO from one of the UK’s top international law firms. LRC are regulated by the SRA and…
Our trade body “The Credit Services Association” has just issued new guidance. Please click on the link to read the full details. Following this, we have made the decision to recommence sending Letters before Claim. We are adding some additional wording to the letter to say “If you have been affected by Covid-19 it is…
Further to our recent updates with business changes due to the Coronavirus (COVID-19) we are still reviewing and adapting our business on a daily basis to keep up with thechanging environment, ensuring we continue to deliver anuncompromised service to you. We are still very much business as usual (apart from certain restrictions) and are seeing…
Running into debt can be a regular theme in modern times, with the upkeep of homes being rather expensive. This can include your utilities bill, too. Utility debt can be built from missed payments on your homes essentials, like gas, energy and water. By doing so, these debts can build if put on the backburner,…
Further to our recent updates with business changes due to the Coronavirus (COVID-19) we are still reviewing and adapting our business on a daily basis to keep up with the changing environment, ensuring we continue to deliver an uncompromised service to you. High Court Enforcement Agents (HCEA) One of the High Court Enforcement Agents that…
Further to our recent emails updating you with business changes due to the Coronavirus (COVID-19) we want to keep you updated and reassure you that we are reviewing and adapting our business on a daily basis to keep up with the extreme and fast changing environment, ensuring we deliver an uncompromised service to you. Our…
If you have defaulted on a credit card, a personal loan, or even a utility bill payment and have perhaps received a letter from a debt recovery agency, it might be worth familiarising yourself with these agencies and how they operate. This can help you figure out how best to work with them. Having clear…
We have increased home working so that all staff are working from home to enable us to continue with as much business as usual activity as possible, with a small number of key staff in the office on a rota basis. In addition to this, we are arranging to increase the amount of web chat…
At LRC we offer bespoke debt recovery solutions to a wide range of businesses and organisations in the public sector. Through our many years of experience, we have handled over 323,000 cases with a value of over £525 million both in the UK and overseas. We have put together this article to help you better…
With recent news of the Coronavirus (COVID-19) we want to reassure you that we are taking all possible precautions to protect our office, clients and debtors during the outbreak and provide some information on the steps we are taking. Our Staff We are regularly reviewing updates from Public Health England and providing information to our…
Welcome Welcome to our January newsletter. We hope you all had a good break. This month we are really pleased to tell you about a new service available to you – our Mini and Full Asset Trace Reports. These new in-depth reports can provide valuable information on your consumer, sole trader or limited company debtors,…
LRC Key Christmas Dates 2019 • 1st class – Friday 20th December • 2nd class – Wednesday 18th December Christmas Opening Hours • Tuesday 24th December – Closed • Wednesday 25th December – Closed • Thursday 26th December – Closed • Friday – 27th December – Closed • Monday 30th December – Open •…
Client Newsletter Autumn 2019 Welcome to our Autumn newsletter. In this edition we focus on the High Court Enforcement Agents and their role in recovering your debts. This month also sees us introduce three new staff members, Zoe Burton and Lauren Olson to the Debt Support Team, and Garry Duke to the Legal team as…
LUPC framework We are thrilled to have been successfully awarded a place on the London University Purchasing Consortium (LUPC) framework again. We have been on this for a number of years now which demonstrates our knowledge and experience in the education sector. We look forward to our continued relationship working with members of the LUPC.…
Client Newsletter May 2018 This month we continue to work hard preparing for the new General Data Protection Regulations (GDPR) coming into play on 25 May 2018. We warmly welcome on board a new member of staff Alex Hesketh our new Business Development Executive, along with a number of new clients ranging from a utility…
HEAD OF LITIGATION AND COMPLIANCE OFFICER FOR LEGAL PRACTICE (COLP)
Qualifying as a Chartered Legal Executive back in 2006 and with over 15 years’ experience in litigation law, along with industry knowledge and experience, means that Rachel advises, supports, and offer commercial resolutions to all disputes within your portfolio.
From the easy to the more complex caseloads, Rachel will help you understand the prospects of success across your portfolio – including costs, timescales, and outcomes.