An innovative approach to business debt recovery has been launched with the introduction of ‘Increment’ by leading law firm Lees Lloyd Whitley.

Like other debt recovery services Increment offers sole traders and small businesses the opportunity to recover debts on a ‘no win, no fee’ basis. However the unique quality of the scheme lies in the fact that businesses do not pay a fee for this service. This is because if the debt recovery is unsuccessful then an insurance policy, procured by Lees Lloyd Whitely pays any adverse costs and all the disbursements, and if the recovery is successful the debtor pays all costs.

Notably therefore Lees Lloyd Whitley do not “take a cut” of the amount they recover. The law firm will look after the whole debt recovery process – from pre action letters to court proceedings.

Robert Surridge, Associate at Lees Lloyd Whitely, explains: “With the ever increasing levels of book debts that companies are carrying, there is more pressure than ever to recover debts before they become ‘bad debts’. However, despite the strain of book debts on cash flow, the last thing businesses need is to spend even more money trying to recover those debts. With Increment there are no costs to bear, even once we successfully recover the debt. It also allows the client to select the level of pursuit, from warning letter to full litigation, without the worry of huge legal fees or solicitor costs eating into their cash flow”.

Lees Lloyd Whitely, with offices in London and the North West, serves a national client base and operates an established debt recovery department. The company utilises the very latest technology and has unlimited capacity for processing debt business. The firm retains solicitors, barristers and litigation specialists to deliver recovery services to all sizes of business from FTSE listed companies to small owner managed businesses.

Companies wishing to receive a brochure on Increment or find out more about Lees Lloyd Whitely please contact Claire Mottershead Freephone 0800 731 2947 or email cmm@llw.co.uk