We are pleased to announce that Armstrong Watson has been chosen as a Northern Partner by ESCALATE, award-winning, accountancy-led commercial dispute resolution service, which includes, where necessary, risk free litigation for the client. This is a new service offered by Armstrong Watson, and is led by our Chairman, Mike Kienlen with a dedicated team.
ESCALATE aims to simplify the current costly, risky and time-consuming dispute resolution process for SMEs and offers pro-active advice and solutions to unresolved disputes.
It is aimed at companies and individuals who have got an outstanding debtor (of greater than £50,000) on which either initial debt collection procedures have been exhausted, have previously written off the debt or could neither afford or risk lengthy and time consuming Court action and potential costs awards in the event of their claim being unsuccessful.
ESCALATE has already helped unlock over £10 million in cash for businesses involved in a wide range of disputes and was awarded the accolade of ‘Accounting Innovation Project of the Year (Large)’ at the 2017 British Accountancy Awards.
How does it work?
In a two step process, Armstrong Watson will first focus on resolving disputes without litigation through a maximum three-month negotiation period seeking settlement at our discretion. Should negotiation fail, the debt would pass to solicitors to litigate. Negotiations are supported by the knowledge that legal recourse could follow by way of Conditional Fee Agreements (CFA’s) and After The Event insurance (ATE).
The process minimises costs through fixed fees that are ONLY PAYABLE if the recovery and/or settlement of a debt is successful. There is also a CAP ON ALL COSTS to ensure that the client (claimant) is always the main beneficiary of any amount recovered.
The process will be aided by the Armstrong Watson Creditor Services team led by David Hush, working alongside the Escalate team to assess each potential claimant action.
Interested in obtaining further information?
Please contact Mike Kienlen, Jeff Bolton or Ann Probert on 0113 221 1300 should you require more information or wish to discuss this further.