HomeCase studiesSMEs, directors & shareholdersDebt recoveryFully recovering a £212,536 debt through a winding up petition

Why the client needed our help

Our client, a well-known invoice finance company, wanted urgent help recovering a significant debt of £212,536 from a debtor.

How we helped

Following the debtor’s refusal to respond to our letter before action, we served a winding up petition on them.

The outcome

Payment was soon received from the debtor and, as part of the overall settlement, we also ensured that our client’s legal costs were paid in full. This meant that the debt was recovered at zero cost to our client.

Once the debt and costs were paid in full, the winding up petition was dismissed from court and our client’s money fully protected – we ensured that the petition could not be supported by another creditor or taken out of our control.

Key contacts

Shona Houghton

Shona Houghton

Debt Recovery Manager

Rachel Watkins

Rachel Watkins

Associate

Anna Beetson

Anna Beetson

Paralegal

View full team

Contact us in confidence