Fiducia TogetherDebt recovery
Getting paid when asking has not worked.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
Debt recovery escalates from reminders to a formal letter before action, then a court claim, then enforcement.
Why it matters
Most debts are recovered before court. The letter before action, properly written and referencing statutory interest, resolves a large share.
What it looks like in practice
Money Claim Online handles undisputed debts without a solicitor, with fees scaled to the amount and usually recoverable from the debtor.\n\nJudgment is not payment — enforcement is a separate step, and a judgment against a company with no assets is worth nothing.
What to watch out for
Statutory demands and winding-up petitions used as a collection tool where the debt is genuinely disputed. That is an abuse of process and can be costly.\n\nAnd the six-year limitation period, which is longer than people think and does eventually run out.
Where to get proper advice
Your solicitor for the letter before action. A debt collection agency for volume, on a commission basis.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.