We are facing a difficult year or two ahead as the cost of living continues to increase.
Insolvencies, both personal and commercial, are on the rise and that state of affairs is predicted to continue for the next 12 to 18 months with many businesses, both large and small, feeling the pinch and many may go to the wall.
If you are in the business of supplying commercial plant and machinery to your clients, then you need to be wary as there is the potential for your plant and machinery being at risk as a result of defaulting clients. They can often disappear, never to be found again, leaving you with large arrears to chase.
We believe that now is the time to seek expert advice in this area. Don’t wait until your customers are insolvent before you act as you may then face a fight not only to locate your plant and machinery, but also to recover it from liquidators or receivers. If you act quickly, as soon as your customers start defaulting on their weekly or monthly payments, you have a better chance of recovery your property. Otherwise you may find that your plant disappears for good.
We act for a number of commercial plant hire companies and proactively seek to recover your plant and machinery which are the life blood of your business. We have strong relationships with Sheriff Officers and tracing agents throughout Scotland who are expert in locating and recovering goods. Where Court action is necessary, we are fast and cost effective too knowing how important your plant and machinery are to your business. We aim to do our utmost to locate it and return it to you.
If you would like further information regarding the topics discussed in this blog, please contact:
David Alexander by email: firstname.lastname@example.org or by phone: 07841 920 089 / 0131 516 5362
You can also visit our Debt Recovery Team page by clicking here.
The information and opinions contained in this blog are for information only. They are not intended to constitute advice and should not be relied upon or considered as a replacement for advice. Before acting on any of the information contained in this blog, please seek specific advice from Gilson Gray.