Recover Outstanding Business Debts Nationwide
Unpaid invoices and non-paying clients can disrupt cash flow and create stress which can threaten your business. Equivo provides a complete commercial debt recovery service that combines negotiation and High Court Enforcement to help businesses recover debts efficiently and lawfully.
How We Recover Debt
Equivo tailors each recovery to the specific circumstances of the debtor. Our approach ensures a structured and effective debt collection and enforcement process.
1.
Soft Collection & Letters
We begin by contacting the debtor via phone or letter to negotiate payment. If payment is not made, a formal letter can give a clear deadline and warn of potential legal action.
2.
Money Claim Online (MCOL)
For debts that remain unpaid, you may decide to use Money Claim Online (MCOL) which is a government service for claimants to access the Court Service. MCOL is designed to be a relatively simple way to issue a county court claim for a fixed amount of money. Judgment can sometimes be obtained in as little as 14–28 days.
3.
High Court Enforcement
Once judgment is obtained, our High Court Enforcement Officers can enforce it. This may include negotiating payment plans or seizing business assets. Items essential to the debtor’s trade and personal belongings are protected under The Taking Control of Goods Regulations 2013.
4.
Transparent Progress Reporting
Clients receive regular updates from our Client Services Team, and can track cases via our online portal, ensuring full visibility and peace of mind throughout the recovery process.
Step-by-Step Commercial Debt Recovery
1.
Initial Contact
Attempt to resolve the debt via phone or letter.
2.
Money Claim Online (MCOL)
Direct access for creditors to HM Courts & Tribunals Service to secure payment or obtain judgment..
3.
Obtain Judgment
If your claim remains unpaid using the MCOL service, you can enter judgment against the debtor.
4.
Enforcement
Use our High Court Enforcement Officers to enforce the debt, using asset seizure or payment plans where necessary.
Why Choose Equivo for Business Debt Recovery
Equivo gives businesses the tools and expertise to recover debt with confidence. We go beyond traditional phone and letter-based methods to offer:
Nationwide enforcement by High Court Enforcement Officers
Full-service recovery from initial contact to judgment enforcement
Access to tracing and verification tools, including credit databases and Companies House records
Guidance and management for more complex cases
Costs generally recoverable from the debtor, not deducted from recovered funds
Frequently Asked Questions
Who should I pursue – the company or the individual?
For limited companies, proceedings should be issued against the company. For sole traders or individuals, pursue the individual, including trading names if applicable.
Can I hold directors personally liable?
Only if a personal guarantee exists, or in rare cases of proven fraud or negligence.
Can you seize assets from a home-based business?
Yes, for business-owned assets. Personal residential items remain protected.
What are tools of the trade?
Tools of the trade are essential items for the debtor’s business with a total value up to £1,350 exempt from seizure. Vehicles used for business above this value may be recoverable.
What if the business ceases trading or changes its name?
We investigate the company’s status via Companies House and can take action to recover assets where ownership can be evidenced, including phoenix arrangements.
Contact Equivo Today
Recover your commercial debts with professionalism.
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