In accordance with our policy of continuing improvement of our services and taking a pro-active approach to credit management, Chambers have now developed a totally unique credit management system which, if implemented correctly, will not only safeguard your business and cashflow but will ensure that you are complying with current business legislation. In addition, in the event that you encounter a bad debt or require Chambers to pursue an overdue account for you, our system ensures that you do not incur any debt collection fees.

Credit Management
Effective Credit Management is the key to running a successful credit control department. Chambers have developed a unique credit control system that ensures that the correct checks are carried out before accounts are opened. We train our clients in risk assessment and provide all the contractual paperwork to ensure that proper credit management procedures are implemented. Are your credit management procedures working? Ask yourself:
Do we get credit application forms signed?
Do we carry out credit checks before we part with goods or services?
Do we send out account opening letters enclosing our terms and conditions?
Do we get delivery/collection notes signed?
Do we ask for order numbers and the person’s name who is giving us the order?

These are the very basic minimum procedures that you should be carrying out. If you are not doing so, you are leaving yourself wide open to financial abuse.

Debt Recovery
Even though you may have implemented good credit management practice, you will occasionally have to deal with a bad debt or an overdue account. Taking care of these matters can be very costly in solicitors fees or debt collectors commissions. Chambers have developed a unique system called ‘Fastrack’© which legitimately passes on these costs to your debtor. By using our Fastrack © system, debt recovery costs are now a thing of the past.

Credit Check Searches
It is vitally important that you know your customer or more importantly, where has this new customer come from? Have they asked to open an account with you because someone else has put them on stop? Or has the word gotten around that your account opening procedures are easy? Don’t forget, everytime that you provide goods or services, it is your money going out of the door. If you don’t find out about the people that you are dealing with, this is tantamount to playing Russian roulette. Credit checks are quick and cheap so there is no excuse for not doing them. Another unique service that Chambers offers at no additional cost, is our WATCHOUT facility. Once we carry out a search against a limited company, the company will remain on our monitoring system every day for the next 12 months, which enables us to warn you quickly, if there is any new adverse information. Credit checking gives you the information that you need to know before you part with goods or services.

Land Registry Searches
Chambers has a direct online connection to the UK land regsitry. We are able to obtain information quickly, regarding assets belonging to debtors. This proves particularly useful when Judgment enforcement becomes necessary.

Drafting and Serving Legal Documents
Stating your claim precisely and in the correct format, may not be as simple as you would think. Mainly claims are lost because the particulars of claim have been incorrect or documents may not have been served on time or in accordance with the prescribed procedures. All our proceedings are drafted by specialist Barristers and served by professional process servers. When it comes to Court proceedings, we leave nothing to chance.

Court Proceedings
For the most part, we will generally resolve outstanding matters without having to resort to litigation. However, there are times where legal action becomes necessary and when it is, it is vital that we act quickly. Sometimes, days can make all the difference. Where litigation for small claims procedures is required, this will be dealt with swiftly and effectively, by our own in-house litigation team. Any matters arising out of Fast track or Multi track are dealt with by our Barristers.

Insolvency Proceedings
Liquidations, Receiverships and Administrations are all unfortunately, part of business life and they are something that have to be guarded against. We protect our clients from insolvency losses through a unique credit control management system. Make losing money through insolvency, a thing of the past by implementing our simple procedures. Chambers have an in-house insolvency section that can investigate insolvency matters and attend creditor’s meetings if necessary. We can also advise on all matters pertaining to insolvency and if necessary, recommend proposals for business rescue.

Corporate & Personal Taxation Services 
The ever changing world of taxation is growing more complex all the time. Clear, concisee and timely advice on the latest tax planning strategies, is becoming essential for the small to medium sized businesses and their owners. Our trusted in-house associates provide such a service in rfelation to Income tax, Capital gains tax and Corporate tax. Including how to effectively and efficiently deal with the dreaded Inland Revenue enquiry or investigation.

Drafting Terms & Conditions of Trade
Do you have a set of trading terms and conditions? If so, when did you last review them? If not, you are walking a tightrope without a safety net! It is vitally important that not only should you have up-to-date trading terms and conditions, but that you also present them properly. We have seen companies lose very serious money, on countless occasions, by either having ineffective or no terms and conditions or simply by not presenting their terms in accordance with the law of contract. When questioned about why they had none or outdated terms, the reply has often been, “well, we were going to get around to it”. As part of our Credit Management System, Chambers will not only draft specific terms and conditions to suit your business, but will review these as part of our service on an annual basis. Furthermore, our credit management system will ensure that your terms and other contractual documents such as letters of acceptance, are presented appropriately.

Commercial Mortgages & Asset Financing/Re-financing
Through our trusted in-house associates, we are able to offer an alternative solution to all your commercial, financial needs, such as: Commercial mortgages (Freehold/Leasehold), Asset finance, Banking consultancy; negotiations & renegotiations with existing or new banks. Bridging finance, Construction & development finance, personal mortgages.

Factoring and Invoice Discounting
As your business grows, cashflow can often become stretched and extending the overdraft is not always a feasible option. At such times, factoring can be the solution. There are several types of factoring such as recourse or non-recourse factoring or maybe even invoice discounting would be more appropriate. Just give us a call and we can discuss the position with you and point you in the right direction.

Employment Contracts & Tribunals
Employment Law is specialised and it is very important these days, to have specific employment contracts drafted for staff. On occasion, you may be required to attend an employment tribunal, which, is counter productive and could be costly. We engage specialist Barristers to draft employment contracts and to represent our clients at tribunals, if the need arises

Download our Powerpoint presentation (429kb) >>>