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# Company Debt Recovery

How to recover debt from a company

## Sitemaps

- [XML Sitemap](https://companydebtrecovery.co.uk/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [How to obtain winding-up orders and petitions in 2022](https://companydebtrecovery.co.uk/how-to-obtain-winding-up-orders-and-petitions-in-2022/) - Following the lifting of the Government's CIGA 2020 restrictions last month, creditors are once again free to present winding-up petitions to insolvent companies that owe £750 or more. Subsequently, we thought you'd like some tips and advice on how best to utilise winding-up orders and petitions in 2022. You should move swiftly against any company
- [Insolvency and debt recovery specialists](https://companydebtrecovery.co.uk/insolvency-and-debt-recovery-specialists/) - Last month, the Government lifted the insolvency restrictions introduced to combat the Covid-19 pandemic. In particular, the repeal of Section 10 of the Corporate Insolvency and Governance Act 2020 (CIGA) should please creditors. Creditors were still able to obtain winding-up orders. However, Section 10 of the act compelled them to: Only pursue debts of £10,000
- [Creditors vulnerable without winding-up petitions](https://companydebtrecovery.co.uk/creditors-vulnerable-without-winding-up-petitions/) - The UK Government's decision to extend the temporary restrictions on statutory demands and winding-up petitions for Covid-19 related debts until 31 December 2020 offers some reprieve for hundreds of thousands SMEs. However, statutory demands and winding-up petitions are essential to debt enforcement and insolvency proceedings. Consequently, it’s difficult to fathom how prohibiting creditors from engaging
- [Why statutory demands and petitions are essential](https://companydebtrecovery.co.uk/why-statutory-demands-and-petitions-are-essential/) - It can be argued that by restricting the filing of statutory demands and winding up petitions for Covid-19-realted debts, the Government has targeted all industry sectors with a blunt instrument. Covid-19 did not adversely affect every business in Britain. Indeed, many continued to operate throughout the lockdown period, and some of them thrived. We need
- [Congested courts the only option for debt enforcement](https://companydebtrecovery.co.uk/congested-courts-the-only-option-for-debt-enforcement/) - While the restricted use of statutory demands and winding-up petitions will provide a lifeline for many struggling companies, the move also forces creditors chasing overdue debts into an already overburdened court system. As it stands, the only remedy to enforce payment of a debt is through a High Court enforcement officer. You may send out
- [Stat demands and winding-up petitions post Covid-19](https://companydebtrecovery.co.uk/stat-demands-and-winding-up-petitions-post-covid-19/) - The Government’s decision to suspend the filing of Statutory Demands and Winding-up Petitions is a huge blow for creditors seeking to collect payment of outstanding debts. As a result of the Corporate Insolvency and Governance Act, a creditor’s only debt enforcement remedies are through the county court via either a bailiff or a third-party debt
- [Statutory Demand vs Pre-action letter](https://companydebtrecovery.co.uk/statutory-demand-vs-pre-action-letter/) - Pre-action letters and Statutory Demands (also known as Stat Ds) are useful tools for chasing longstanding and undisputed debts. But how do they differ? Firstly, the names of the participants involved. Whoever issues the Statutory Demand is an ‘applicant,’ but the sender of pre-action letter is a ‘claimant’. Likewise, the recipient of Stat D is
- [Mistakes to avoid when issuing a Winding Up Petition](https://companydebtrecovery.co.uk/mistakes-to-avoid-when-issuing-a-winding-up-petition/) - When issuing a Winding Up Petition, it's integral that every piece of information that identifies the company is correct. To be successful, your application must include the following accurate information: Company nameRegistered office addressCompany registration number informationShareholder information (aggregate number and value of issued and paid up share capital). A lot of people get at
- [How to deal with disputed invoices](https://companydebtrecovery.co.uk/how-to-deal-with-disputed-invoices/) - Dealing with disputed invoices can be challenging, especially if your customer is squabbling simply to avoid payment. The most important thing is to take time to understand what the dispute is. Then, isolate and seek to resolve the issue as quickly as possible. If you believe the dispute is bogus, explain your reasons and press
- [CCJs, winding-up petitions and undisputed debts](https://companydebtrecovery.co.uk/ccjs-winding-up-petitions-and-undisputed-debts/) - Sometimes, you may need to issue a County Court Judgment (CCJ) or a Winding-Up Petition on an insolvent company that owes you money. But what's the difference? County Court Judgments usually come about when a company refuses to pay an overdue debt. The creditor (claimant) who's owed money commences proceedings by visiting the Government’s website,
- [Stat Ds and undisputed, but overdue invoices](https://companydebtrecovery.co.uk/stat-ds-and-undisputed-but-overdue-invoices/) - Issuing a Statutory Demand (or Stat D) is an effective way to encourage prompt payment of overdue invoices and debts, but it’s not the only method. A Stat D is a formal document requesting payment of an outstanding debt within 21 days. By issuing one, you give creditors another 3 weeks to pay a debt
- [Tips for collecting long-standing debts](https://companydebtrecovery.co.uk/tips-for-collecting-long-standing-debts/) - Earlier this year, I&L received a phone call from a distressed subcontractor (subbie). They claimed that for months, West Midlands construction firm the Shaylor Group had been ignoring their requests for payment of an overdue invoice. After a brief consultation, they instructed us to recover the debt on their behalf. Although we were made to
- [Why pre-action or letters before action are essential](https://companydebtrecovery.co.uk/why-pre-action-or-letters-before-action-are-essential/) - When chasing a business or person for a debt, it’s usually a good idea to send a letter before action - also known as a pre-action letter - before commencing legal proceedings. A letter before action is a formal notice requesting payment of an outstanding debt within 14 days in accordance with Part 7 of
- [Construction sector suffers the most as UK SME’s are owed £67bn in unpaid invoices.](https://companydebtrecovery.co.uk/construction-and-manufacturing-suffer-the-most-as-uk-smes-owed-67bn-in-unpaid-invoices/) - According to a report published by the ABFA (Assets Based Finance Association) the UK SME’s are owed over £67.4billion in unpaid invoices. This figure which is up 8% from last year and a huge 36% from 2011 is considered conservative as it was taken from only 180,000 SME’s across the country who have submitted detailed annual accounts.
- [The UK construction industry writes off £2bn annually of bad debt](https://companydebtrecovery.co.uk/the-uk-construction-industry-writes-off-2bn-annually-of-bad-debt/) - According to a report released earlier this year from Bibby Financial Services, the UK construction industry has a very serious problem managing its bad debts. Just over 70% of small, medium and large UK construction firms write off an average of £10,000 per year. Often firms have to write off the debt completely, settle with
- [Rugby super league team issued a creditors winding up petition](https://companydebtrecovery.co.uk/rugby-super-league-team-issued-a-winding-up-petition-by-creditor/) - It appears that top flight sports teams are not immune to becoming caught up in Insolvency proceedings. Salford City Reds or the Red Devils as known by rugby fans, who currently sit mid table of the Rugby Super League, have been hit with a winding up petition from creditor, Konica Minolta, and have a court
- [How should builders and tradesmen collect overdue debts?](https://companydebtrecovery.co.uk/how-should-builders-and-tradesmen-collect-overdue-debts/) - According to figures released by the Office of National Statistics, the building and construction industry contracted 1.9% in the third quarter of 2015, which suggests contractors will be tightening their belts this year as the market becomes more competitive. This is particularly bad news for roofers, plumbers and other subcontractors (‘subbies’). Why? Because in a
- [Small Business Commissioner to help firms recover billions of pounds from late payments](https://companydebtrecovery.co.uk/small-business-commissioner-to-help-firms-recover-billions-of-pounds-from-late-payments/) - The government is planning a big shake up in the world of small business debt. Anna Soulby (Minister of Small Business Enterprise) has announced that she is opening a new role in her cabinet for a Small Business Commissioner, whose main responsibility would be to bring about reform in the way large businesses have historically
- [Winding Up Petitions Increase, But Are They Being Served Correctly?](https://companydebtrecovery.co.uk/winding-up-petitions-increase-but-are-they-being-served-correctly/) - Winding up petitions issued by creditors against firms based in Central London increased by 39 per cent in October 2010 compared with 10.5 percent in the rest of the country, a new study has revealed. The increase is simply a reflection of the government cutbacks and will probably continue throughout 2011. It’s also evidence that
- [How Do You Issue a Winding Up Petition?](https://companydebtrecovery.co.uk/how-do-you-issue-a-winding-up-petition/) - A Winding Up Petition (WUP) is the most serious action that can be taken against a company and usually is only issued if a creditor is determined to recover an undisputed debt or put the company out of business because the debtor company is believed to be insolvent. The creditor will issue a statutory demand,
- [How Are Winding Up Petitions Dismissed and Withdrawn?](https://companydebtrecovery.co.uk/how-are-winding-up-petitions-dismissed-and-withdrawn/) - Cardiff City Football Club was celebrating last week after having their winding-up petition dismissed at the High Court.The Bluebirds settled their £1.9m tax bill with Her Majesty’s Revenue and Customs (HMRC) on Wednesday following seven months of financial turmoil. Cardiff was taken over in May by Malaysian gambling and property tycoon Sri Vincent Tan Chee

## Pages

- [Company debt recovery](https://companydebtrecovery.co.uk/) - How to recover overdue debts and invoices quickly If you've received no payment despite selling a product or delivering a service and rendering an invoice.
- [Debt Assignment](https://companydebtrecovery.co.uk/winding-up-process/) - Recover overdue debts and invoices swiftly with our expert debt assignment team. Get your money back hassle-free. Say goodbye to late payments today!
- [Our Complaints Policy](https://companydebtrecovery.co.uk/our-complaints-policy/) - Complaints policy. We are committed to providing a high-quality service to all our clients. If you believe something went wrong, we need you to tell us about it.
- [Privacy Policy](https://companydebtrecovery.co.uk/privacy-policy/) - Welcome to the Insolvency & Law Ltd privacy notice. Insolvency & Law Ltd (I&L) respects your privacy and is committed to protecting your personal data.
- [Privacy Notice](https://companydebtrecovery.co.uk/privacy-notice/) - What is the purpose of this notice? Insolvency & Law Ltd is committed to protecting the privacy and security of your personal information.
- [Contact Us](https://companydebtrecovery.co.uk/contact-us/) - Welcome to Company Debt Recovery. Call us now or send us an email, and we'll respond to your request within 24hrs. We will go after your unpaid debts
- [About Us](https://companydebtrecovery.co.uk/about-us/) - Company Debt Recovery provides specialist debt enforcement solutions for company directors, business owners and individuals, irrespective of the circumstance.
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- [Footer](https://companydebtrecovery.co.uk/footer/) - Trustpilot Legal Privacy Notice Privacy Policy Our Complaints Policy Sitemap For the avoidance of doubt, we do not conduct litigation and we are not solicitors or licensed insolvency practitioners. Neither do we engage in any legal or financial regulated services or other regulated activities. 2022 © All Rights Reserved Insolvency & Law.
- [Video Testimonials](https://companydebtrecovery.co.uk/video-testimonials/) - Video Testimonials What Our Clients Have to Say About Us Winding up Petition Insolvency & Law advises client on a Winding up Petition to a debtor company Winding up Petition Ade successfully instructed Insolvency & Law in the presentation of a winding up petition upon his debtor Winding up Petition How to present a winding-up
- [Testimonials](https://companydebtrecovery.co.uk/testimonials/) - Written Testimonials [ultimate-reviews] Why Choose I&L Testimonals Contact Us [video_lightbox_youtube video_id="cCh5Z3CB6Qg&t=false" width="640" height="480" anchor="https://companydebtrecovery.co.uk/wp-content/uploads/anderson1.jpg"] Winding up Petition Insolvency & Law advises client on a Winding up Petition to a debtor company Debtors ignoring your invoices? Collect payment with I&L's sample Demand Letter [popup_anything id="3521"]

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- [Uncategorized](https://companydebtrecovery.co.uk/category/uncategorized/)
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- [Insolvency](https://companydebtrecovery.co.uk/category/insolvency/)
- [Liquidation](https://companydebtrecovery.co.uk/category/liquidation/)
- [Winding Up Petitions](https://companydebtrecovery.co.uk/category/winding-up-petitions/)
- [Creditor](https://companydebtrecovery.co.uk/category/creditor-2/)
- [Unsecured Creditor](https://companydebtrecovery.co.uk/category/unsecured-creditor/)

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