Debt Collection

Since 2002 Mason Hayes has been entrusted with the collection of debts and overdue accounts for a wide variety of commercial clients, from FTSE public limited companies to partnerships and individuals.

With the debt collection market saturated with many debt collection organisations, often comprised of non-qualified and inexperienced staff, Mason Hayes has a dedicated team of Solicitors and Paralegals focussed exclusively on providing a swift and comprehensive collection service.

Since the economic downturn in 2009, Mason Hayes has seen a steady increase in the volume of debt collection work with pressures on credit resulting in clients requiring a steady cashflow. Clients, on the advice of Mason Hayes, are now taking the decision to commence the formal recovery process far sooner so as to maximise their prospects of the successful recovery of debts and overdue accounts.

Mason Hayes has an enviable recovery rate on collections and offers clients the full wide spectrum of recovery services from initial telephone calls and demand letters to bad debtors, through to execution of judgments, bankruptcy and winding up proceedings.

As a firm, our hourly rates, depending upon the seniority of the fee earner, range from £90 plus VAT per hour to £350 plus VAT per hour. We will at the outset of each matter take detailed instructions from you as a client in order to then provide you with a bespoke and tailored quotation for the costs and disbursements that will be incurred in any particular dispute we are instructed upon. Any client of our firm would therefore have as much clarity as is reasonably practical with regard to specific costs that would be incurred at the outset of any matter. We utilise a variety of different charging regimes from hourly charging to fixed fees. Full information and details are available on request.