Guildways: A new no collection-no fee service offering
Lovetts Solicitors has recently launched Guildways, a UK and International pre-legal debt collection service. As a no-collection, no fee service for use before legal proceedings are initiated, it complements Lovetts’ fixed fee legal services, and gives flexibility to credit managers both in collection methods and pricing.
It comes at a time where companies are suffering huge pressure on staff, on supplies, on sales fulfilment, and on cash and margins. There is also the looming spectre of Covid-19 Government support ceasing shortly, just when the business world is trying to get back onto its feet.
Chairman Charles Wilson FCICM says “Growth and economic recovery may, in contrast to the past year, be rapid from 2021 onwards, so the old adage ‘Cash is King’ will never be more true. Growth is bound to mean pressure on customers’ cash, just at a time when there is inevitable stress on each company‘s own finances and cashflow during the Pandemic economy”.
As part of Lovetts Ltd, Guildways shares the same ethos and professionalism that Lovetts Solicitors has shown over the past 25 years. It is able to use Lovetts’ highly developed online CaseManager web services, its proven and secure online technology with Cyber Essentials Plus accreditation, giving every credit professional visibility of case data in real time.
Guildways (like Lovetts) is also regulated by the Solicitors Regulation Authority (SRA) under special statutory exemptions of Financial Services and Markets Act 2000. This gives the security of having back-up from a highly experienced and reputable law firm, dedicated to debt collection alone.