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A service provider trading as a limited company was instructed to carry out a number of instructions by a director of a company. However, the services were for his own personal benefit. The service provider whom subsequently became a client of Renaissance tried to recover their considerable outlay from the Limited Company.

As the Director failed to keep his promise to pay, the service provider decided to take legal action. They issued proceedings against the Limited Company and after paying further Court fees eventually were awarded a Judgment.

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At each step of the Court action personal service of documentation and hearing notices had to be served at the Company offices resulting in bailiff action at further cost. Eventually the bailiff reported that the Limited Company was insolvent and that there were no assets to be seized. The service provider had taken some 10 months of time and incurred additional Court cost and time to get to the end result ie no collection.

The case was referred to Renaissance Debt Recoveries whom after initially studying the case decided that a more affective route in this case would be to take action against the Director. Difficulties were initially faced as the Director sought to hide behind the previous lack of collection but eventually a personal judgement was awarded by the Court.

After being served with a statutory demand pending bankruptcy, the full debt was repaid to Renaissance Debt Recoveries.

Conclusion; Instruct Renaissance Debt Recoveries prior to taking Court action or involving Solicitors who will charge extremely high fees simply to work on the case regardless of recovery.

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