Debt Recovery
No Collection, No Fee
Unpaid invoices and overdue accounts can disrupt your cash flow and put unnecessary strain on your business. At Sheriff & Penny, we specialise in recovering outstanding commercial debts quickly & legally, and with no upfront costs – you only pay if we collect.
Our Debt Recovery Services
Unpaid invoices and overdue accounts can have a serious impact on cash flow, disrupt operations, and slow business growth.
At Sheriff & Penny, we believe debt recovery should be fair, transparent, and results-driven. That’s why we operate on a No Collection, No Fee basis – meaning you only pay when we successfully recover your debt.
With over 20 years of experience, we provide a proactive and results-driven approach, ensuring fast and professional collection with minimal disruption to your business.
Why Choose No Collection, No Fee Debt Recovery?
Zero Financial Risk
With no upfront charges, you only pay if we succeed. This ensures that you never waste money chasing debts that can’t be recovered.
We’re Motivated to Succeed
Because our fee is based on successful collections, you can trust that we’ll work harder and faster to recover your debt.
Full Transparency & No Hidden Fees
Our process is straightforward – no hidden costs, no surprises. You know exactly what to expect from day one.
Our FREE Debt Recovery Process
Free Case Review
We review your case, verify the debt, and advise on the best recovery strategy – at no cost to you.
Letters Before Action (LBA)
We send a formal Letter Before Action to the debtor, warning of legal consequences if payment is not made.
Face to Face Recovery
A face to face visit by our experienced field agents adds pressure and increases the likelihood of payment.
Escalation & Legal Enforcement
If the debtor still refuses to pay, we escalate the case using legal proceedings.
Why Choose Sheriff & Penny for Debt Recovery?
We believe debt recovery should be fair and hassle-free. That’s why we operate on a No Collection, No Fee basis – meaning you only pay when we successfully recover your money.
If we don’t recover the debt, you owe us nothing. It’s that simple.
No Collection, No Fee – You only pay if we recover your debt.
Fast & Professional Service – We act quickly to recover debts before they escalate.
Tailored Approach – Each case is handled with a strategy that maximises recovery.
Legal & Ethical Collection – Fully compliant with UK laws and regulations.
Frequently Asked Questions
(FAQ's)
What is commercial debt recovery?
Commercial debt recovery is the process of legally recovering unpaid debts from businesses that have failed to pay for goods or services. At Sheriff & Penny, we use a combination of letters before action, face-to-face visits, and legal enforcement to recover debts quickly and efficiently.
What types of debt can you recover?
We recover all types of commercial debt, including: Unpaid invoices, Business-to-business debts, Trade debts, Rent arrears from commercial tenants and Debts owed by sole traders and partnerships.
We do not recover personal consumer debts.
How long does the debt recovery process take?
This depends on the complexity of the case and the debtor’s willingness to pay. Some debts are recovered within days, while others may require legal action, which can take longer.
What if the debtor refuses to pay?
If a debtor refuses to pay voluntarily, we can: Take legal action through the courts. Enforce the debt using bailiffs, High Court Enforcement Officers (HCEOs), or asset seizure. Pursue winding-up proceedings against companies that cannot or will not pay.
Can I recover my legal costs and interest?
Yes. Under the Late Payment of Commercial Debts (Interest) Act 1998, you can claim: Statutory interest on overdue invoices. Compensation for debt recovery costs (£40 to £100 per invoice). Legal costs if court proceedings are issued.
We will always seek to recover as much of these costs as possible.
Can you trace absconded debtors?
Yes! If a debtor has disappeared, our specialist TRACE service can locate them. This ensures we can pursue debts even if the debtor has moved or changed business names.
Will my relationship with the debtor be affected?
We aim to recover debts professionally and diplomatically, preserving business relationships where possible. However, if a debtor refuses to engage, we will escalate accordingly.
How much does commercial debt recovery cost?
With our No Collection, No Fee service, there are no upfront charges – you only pay when we successfully recover your debt. If legal action is required, we will advise you of any potential costs upfront.