Head of Litigation at Beeston Shenton, Iain Bould, has recently been successful in recovering over ¼ of a million pounds. For a fledgling company, together with Interest, Administration Fees admin Costs. This resulted in not only a cost-neutral expense for the clients, but it also provided an additional income string for the client.
A Successful Claim
This was a make-or-break position for the client. While payment was properly invoiced and accepted by the debtor, funds weren’t being released. The client expressed concern that without payment, it would be an end to their business. However, if they pushed hard for funds to be released, this would ruin future potential business.
While a loss of a relationship is often a concern of our client, this is rarely the case. In this instance, not only has payment in full been secured, but the parties are also in talks about going further with future business. They’ve also discussed how future payments can be met in a more positive way. This outcome is a win-win for both parties.
About the author
Iain Bould
Iain heads Beeston Shenton’s commercial litigation department.
Iain has 30 years of experience in Commercial Debt Recovery and Insolvency fields having worked in both Private Practice and Industry. He has extensive experience working across all industry sectors and has particular expertise in working with Insolvency Practitioners in advising and recovering outstanding insolvent company ledgers. Iain brings a pragmatic and commercial approach.
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If you need any advice or further information regarding this article, please contact us.
As discussed above we offer a free initial consultation and if clients have a viable claim, we offer a variety of retainer options including no win – no fee arrangements. Every case or potential case will be assessed, on its own merits.
If you have found this article interesting and would like to learn more about how Beeston Shenton can help you please feel free to contact the writer, Iain Bould, at iain.bould@beestonshenton.co.uk or via the contact page on the website.
