Whilst we are actively involved in all aspects of finance recovery, our major clients fall within two areas: Consumer Credit Agreements; and factoring and invoice discounting.
As a firm we are committed to delighting clients with the highest levels of service.
We have considerable experience and expertise collecting outstanding monies under Consumer Credit Agreements (CCA), through our pre legal and legal processes.
As an example of improving collections, we agreed with one of our high street bank clients to apply for charging orders over their debtors’ property. This resulted in millions of pounds of unsecured debt being secured, which in turn has been reflected in very substantial sums being paid when the property is sold/ re-mortgaged.
However, it’s not just financial institutions we help. We also act for large payroll departments who have to collect monies under CCA from ex-employees, under the governments “Learning for All” and “Bike to Work” schemes.
We also act for companies within the telecommunication and other industries who have CCA’s.
We act for a number of financial institutions specialising in factoring and invoice discounting. The work we carry out includes:
We pursue indemnifiers and guarantors where the client is unable to recover monies due to them from collections on the ledger.
We issue proceedings against customers on behalf of our client in respect of invoices which are assigned to them.
We will undertake both pre legal and legal collections where required.
We send out letters to customers informing them of our client’s involvement. Where required, we will pursue a second payment if the customer ignores our instruction and makes payment direct to their supplier.
© 2020 Spratt Endicott, Spratt Endicott Solicitors are the trading names of Spratt Endicott Limited, a company registered in England & Wales (company no. 08030343) authorised and regulated by the Solicitors Regulation
Authority (registration no. 608169) and by the Financial Conduct Authority (registration number: 709546).
Spratt Endicott Limited uses the word “Director” to refer to a statutory director of the company and certain senior employees. A list of the statutory directors is available for inspection at our registered office, 52-54 The Green, Banbury OX16 9AB and at Statutory Directors. Website by Technique