Lovetts Limited

Solicitors in Guildford

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Old Portsmouth Road
Artington
Guildford
Surrey
GU3 1LR

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About

  • UK & International Business Debt Collection and Re

About us

Lovetts specialise in commercial debt recovery and dispute resolution. With over 20 years in the debt recovery industry we are trusted by our clients to recover their debts efficiently and cost-effectively.

Pricing

UK Letter Before Action: £1.50 plus VAT sent by email only or £5.00 plus VAT to send by post and email.
International Debt Collection: we collect debts on a no win - no fee basis with commission payable upon successful recovery

UK Business Debt Collection

There are four main stages to the legal process of collecting a UK business debt. The first stage of the process is to send a letter before action. On average, 86% of cases result in payment at the letter before action stage. If payment is not received, you can continue by issuing legal proceedings, obtaining a County Court Judgment (CCJ) and commencing an enforcement action. Alternatively, insolvency action can be taken against a debtor.

International Debt Collection

Doing business worldwide comes with a great number of advantages: more opportunity, new markets, and greater business growth. However, this development means you might also find yourself trying to recover money from a customer who is not only in a different time zone to you but also has different laws and customs to abide by.
Although in this situation you may worry you have to write the money off as irrecoverable, we can give you confidence in the knowledge that your debt recovery options don't diminish as soon as the debt crosses borders.

Dispute Resolution

You need certainty on the cost! Over the years more and more clients have told us that what they really want when it comes to litigation services is clear and transparent pricing. So we've developed a range of advisory and dispute services, often with fixed fees so clients have the assurance of knowing right from the outset exactly what the cost is going to be.

Late Payment Law

The Late Payment of Commercial Debts (Interest) Act 1998 has two purposes. Firstly, to compensate creditors for the late payment of debts. Secondly, to deter late payment. It only applies to the commercial supply of goods and services where you don't have a provision for interest in your Terms of Business.
In brief, for invoices that are not paid on time, it enables you to claim interest, compensation and (for orders placed after 16 March 2013) your reasonable costs of collecting the debt where these exceed the compensation. Interest can be claimed at 8% over base together with compensation at the rate of £40 - £100 per invoice.

Letter Before Action

A Letter Before Action is a formal letter which sets out what is owed from a debtor to your business. It gives your customer a set time period - usually 7 days - in which to pay. Before issuing any legal proceedings a Letter Before Action must be sent or costs may be forfeited.
A Letter Before Action is an essential requirement of the debt recovery process. The LBA requests payment of the debt to your business, and warns of the imminent issue of a court claim together with additional interest and costs.

Trading Since

1994

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Video

What is the typical process behind legal debt collection?

Products and Services

Letter Before Action

A Letter Before Action is a formal letter which sets out what is owed from a debtor to your business. It gives your customer a set time period - usually 7 days - in which to pay.

Price: £1.50 + VAT

International Debt Collection

This is a risk free service - If successful we charge a percentage commission based on your client's location. If we are unsuccessful, you will pay nothing. When your payment has been recovered we send the money directly into your company bank account.

Price: No Win, No Fee

We offer these services

  • No win/No fee
  • website
  • twitter
  • Customer Service / Helpline

Testimonials

Having used Lovetts for over ten years I can say that MGF not only has an excellent success rate with the cases they handle for us, but that the costs recovered on a monthly basis normally always cover the charges that we are invoiced.

Credit Manager - MGF Limited


Having used Lovetts for over ten years I can say that MGF not only has an excellent success rate with the cases they handle for us, but that the costs recovered on a monthly basis normally always cover the charges that we are invoiced.

Credit Manager - MGF Limited


Testimonials are added by the business owner and are not independently verified.

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Opening hours

Monday to Friday: 9am - 5pm

Saturday to Sunday: Closed

Key Services

debt advice, debt collection, debt recovery, dispute resolution, international debt collection, late payment, letter before action, overpayment to former employee, overseas debt collection

Offers

Letter Before Action Template

Letter Before Action Free Guide & Template We share our expertise so you can send the best possible LBA to your debtors. Download Now

Terms: N/A

Expires: 31/12/2018


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