Revenue Recovery
Revenue Recovery: Why Losses Occur
We understand how frustrating and worrying it can be to lose rental income from property ownership or investment.
Our revenue recovery service is designed to help you reclaim what is rightfully yours, offering guidance and support throughout the process. With our help, potential losses can be turned into regained profits.
Causes of Loss
Revenue loss can stem from many sources, including:
- Inefficient billing processes
- Poor tracking and collection of payments
- Incorrect pricing or weak contract management
Engaging an Enquiry Agent
Many tenants vacate without leaving any forwarding address. We often appoint an Enquiry Agent to conduct a Trace Report, a cost-effective step that informs subsequent actions.
Based on the results, we can advise on enforcement options, such as recovery through bailiffs or deductions from earnings.
Letter Before Action
The Letter Before Action is a formal warning of potential legal action, providing debtors with a final opportunity to settle.
It details the debt amount, reason, and payment deadline. If ignored, the next step is applying for a money Judgment, or recovery action if a judgment has already been secured.. This structured approach maximises recovery while reducing further losses.
Securing a money Judgment
If a debtor fails to respond to a Letter Before Action, you may need to apply to the court for a money Judgment.
If successfully secured, this means that the court has formally decided that the debtor owes the money, and as such, is legally enforceable.
Why Choose Us?
We specialise in recovering outstanding debt promptly and effectively.
Our legal professionals understand the causes of revenue loss and apply proven strategies to recover what is rightfully yours.
Our Accreditations
