Commercial debt recovered for gtd healthcare

A healthcare provider was owed a considerable amount of money going back nearly two years and once the commercial debt recovery department at Pearson Solicitors were instructed they were able to recover a significant amount of money for gtd healthcare.

gtd healthcare

Our clients in this case were gtd healthcare a registered provider of primary care, urgent care, dental and support services.

Debts of over £140,000 had mounted up by a debtor who was an organisation that runs health and social care services.

“Sometimes a simple letter before action can solve commercial debt issues, but other cases are a bit more complex as was the case here and the debt had been outstanding since December 2022,” said Leigh Sunter, Commercial Debt Lawyer at Pearson Solicitors.

“In this case there was an obvious breach of contract, the debtor failed to pay our client for the services provided pursuant to the Contract and this resulted in a direct breach. Despite previous attempts to collect the money owed nothing had happened and so a winding up petition was presented against the debtor company.

“A settlement was agreed following negotiations, the client has now received the full amount agreed plus additional costs recovered from the other side of £5,000,” said Leigh

“We always advise that the client exhausts every avenue with the company owing them money before they contact us; it may be between them they can agree on a payment plan.  However, if that fails, it’s advisable to get professional help, and a solicitor’s letter is the next step,” she added.

Commenting on the successful outcome, Jane Pugh, Director of Finance and Strategic Resources, gtd healthcare said:

“Getting the Pearson Commercial debt department involved turned a tricky situation into payment for us, they were able to negotiate and secure an agreed repayment plan and for any future issues I will not hesitate to turn to Leigh and the team.”

Commercial Debt Recovery Solicitors

If your business has commercial debt it pays to get professional help. Your solicitor will send a letter before action or letter before claim, which is, in essence, formal notification putting a company on notice that court proceedings may be brought against them if they do not settle their debts.

Other steps involved include court proceedings and enforcement.  Our commercial debt recovery solicitors help businesses take action and manage debt recovery, we obtain the client’s consent before issuing County Court proceedings and if a successful judgment is forthcoming, we can help negotiate between the businesses and assist with the enforcement action required to recover the money owed.

How can we help?

There are various ways Pearson debt recovery solicitors act for businesses owed money:

• We write a “letter before action” on your behalf to the debtor.
• If the letter before action does not result in payment, we can start court proceedings in the Small Claims Court.
• Where the debtor is unable to pay their debts as they fall due, we could start winding up proceedings or bankruptcy proceedings (as appropriate).
• Our debt recovery solicitors uses a proven combination of letters, telephone calls, court proceedings and common sense to recover payment from your debtors.

For legal advice and support on recovering commercial debt contact Pearson commercial debt recovery solicitors on 0161 785 3500 or email enquiries@pearsonlegal.co.uk

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Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.