Athena Debt Recovery
Credit Control and Debt Recovery Services
Combining both firmness and discretion, we never forget that we represent your business.
Athena Debt Recovery (ADR) is the dedicated debt recovery department of Athena Solicitors LLP. The team at ADR have over 80 years combined experience in the corporate debt recovery field and bring with them a wealth of knowledge and expertise in debt recovery steps to aid your business.
At Athena Debt Recovery we provide a considered approach to speed up debt recovery collections whilst minimising customer conflict and reducing the risk to your business.
Our service is tailored to match the individual needs of your business and we pride ourselves in offering bespoke, cost effective solutions to your debt recovery needs – from simply chasing late payers to legal proceedings including all county court and insolvency processes.
We are totally dedicated to helping our clients improve cash flow and increase the profitability of their businesses and we use the latest in Debt Recovery software enabling us to process both prelegal and legal collections promptly and efficiently.
No Collection No Fee
Our success rate for collections is second to none, and because of this, we make no charge for our pre-legal recovery services unless we succeed in recovering what you are owed. If we are successful, then our charges will be on a percentage basis. In other words, we are only paid if you are paid!
Where appropriate, we use the Late Payment of Commercial Debt Regulations to maximise your recoveries and allow the recovery process to be cost-neutral to your business.
Easing the Court process
We are totally focused on recovering debts quickly and without the need for court process. If, however, court action is required, we always discuss the procedures and agree charges with you in advance. We ensure that our costs are at times kept proportionate to the value of the debt you are seeking to recover.
In most cases we will endeavour to agree fixed fees with you. In higher value cases fees can be agreed on a case by case basis but we will do our best to accommodate your business needs including agreeing competitive hourly rates and if appropriate discounted or conditional fee structures. We have good working relationship with Barrister’s chambers which enables us to leverage our relationships to secure representation by Counsel at trial at competitive rates.
Prevention is better than cure
We can implement simple credit control procedures to minimise bad debt problems before they occur. We can advise on business terms and conditions to ensure that they are easier to enforce and more effective and fully protect your business.
According to BACS, one of the biggest problems companies face is the payment of invoices, with UK-based SMEs collectively facing £24.4 billion in late payments and bad commercial debts in 2019. This figure has dramatically increased from £10 billion in 2018, showing how the issue of late payments is spiralling out of control. And, with
The late payment crisis has reached an all-time high amidst the global coronavirus pandemic. Small businesses, who are already vulnerable from the impact of this current recession, are now battling to stay afloat due to policymakers and larger corporations delaying or freezing payments; deeming their services not a priority to their larger operations during these
Covid-19 has been a tough time for everyone. With thousands of businesses forced to close with little or no notice. Those businesses are still expected to pay wages, rent and tax, there is no surprise many are facing financial issues. Without the right support and advice, businesses can spiral into debt, and at the end