Do you require a professional and reliable debt recovery service to secure payment that is owed to your organisation from business or personal debtors in the UK?
Then you should make a no obligation call to the debt recovery specialists at Oakwood Solicitors to discover how our highly trained and experienced professionals could act on behalf of your company to secure payment in full from the business or personal debtors who have thus far proved unwilling to pay for goods or services that were purchased from you.
Our highly skilled professionals at Oakwood Solicitors were recently contacted by a client who required assistance to recoup outstanding funds of £823.44 for Mr R in Sheffield. Are you struggling to recoup outstanding funds from business clients who have yet to pay for goods or services that they purchase from you or make loan repayments?
BBC News published an article on November 13 2012 written by their Chief Economics Correspondent Hugh Pym reporting that “Zombie companies eating away at economic growth”.
Are you seeking a specialist debt recovery service to assist your company with the retrieval of outstanding funds for commercial clients or consumers in the UK who have yet to pay for the goods or services that they purchase from you?
Then look no further than the highly skilled and resourceful debt recovery experts at Oakwood Solicitors as our dedicated team take a pragmatic approach to each individual situation to ensure that most cost-effective and most appropriate course of action is taken for a swift retrieval of the outstanding funds that are owed to you.
The article says that “You may have seen zombies in horror movies – the bodies of lost souls neither alive nor dead – but experts are increasingly talking of a zombie colony in the UK economy which is expanding and threatening to impede recovery and a return to growth”.
It goes on to say that “The rise of so-called zombie companies is to some extent a consequence of the U.K.’s current record low interest rates”.
The article explains that “Struggling companies can just about afford the interest payments on their loans but not much more. There is on the households to – those on interest only mortgages yet unable to pay off the loan itself.”
The article reports that Mark Thomas business strategy expert at PA consulting and author of The Zombie Economy said: “A zombie company is one which is generating just about enough cash to service its debt the bank is not obliged to pull the plug on the loan. The company can limp along it can survive but it hasn’t got enough money to invest.”
It is further added that “According to experts about a third of these – approaching 50000 – could be doomed to failure if interest rates go up”.
WHAT TO DO NEXT
If you are in need of a reputable and professional debt recovery service call our helpful advisers today for a free initial consultation wherever you are in the UK on: 0113 200 9720
