A north Northumberland businessman and a team of solicitors have teamed up to help smaller businesses deal with commercial debt.
Business debt is a fact of commercial life and now, more than ever, the number of creditors defaulting on payments is impacting on SMEs (small and medium enterprises) to a greater extent.
Noticing that there was a desperate need in the region for someone to provide commercial law with a consumer focus, the legal minds of Newcastle-based Short Richardson & Forth LLP and the business mind of John Tait, managing director of Rothbury-based communication agency Lazy Grace, came up with a solution.
SRF Debt has been set up using an alternative business structure to combine their experience and business acumen to set about reclaiming thousands of pounds of commercial debt for SMEs not only in the North East but nationwide.
By providing clear solutions with specific debt-recovery products, they remove any ambiguity for the client in what is already a stressful and time-consuming process.
John Tait, director, said: “The combination of a law firm and a communications business has helped us develop a selection of legal products which remove the financial uncertainty that often accompanies such services.”