Terms of Business

TERMS OF BUSINESS

1. Services
Trident Collections Ltd provides UK and international commercial debt recovery services on a no collection, no commission basis unless otherwise agreed in writing.
 

2. Minimum Instruction Value
The minimum debt value accepted is £1,500. Debts below this may be accepted at our discretion and will attract a minimum commission of £250 upon successful collection unless otherwise agreed.
 

3. Commission Structure
• 10% – Debts less than 6 months old
• 15% – Debts over 6 months-18 months old
• 20% – 18 month - 6 years old

• 25% – Post judgment enforcement

Commission applies to all sums recovered including principal, statutory interest, compensation and costs.
 

4. International Recovery
Where debts are located outside England & Wales, recovery may involve overseas legal representatives. Foreign court fees, agent fees, translation costs and enforcement charges are payable by the client unless recovered.
 

5. Legal Escalation & Enforcement
Where pre‑legal recovery is unsuccessful, we may recommend litigation. Court issue fees, solicitors’ fees, enforcement costs and disbursements are payable by the client unless recovered from the debtor. Judgment enforcement may include High Court Enforcement Officers, charging orders or insolvency proceedings.
 

6. Late Payment Legislation
Statutory interest and fixed compensation may be applied under the Late Payment of Commercial Debts (Interest) Act 1998 where applicable.
 

7. Direct Payment Protection
If payment is made directly to the client following instruction, commission remains payable in full.
 

8. Retained Credit Control Services
Where instructed on a retained basis, monthly service fees apply as agreed in writing. Commission remains payable on recovered balances unless otherwise agreed.
 

9. Client Warranties
Clients warrant that debts are legally due, enforceable and compliant with applicable laws. Any dispute must be disclosed prior to instruction.
 

10. Anti‑Money Laundering
We may request identification documents and proof of authority in accordance with UK anti‑money laundering regulations. We reserve the right to suspend services where compliance requirements are not met.
 

11. Data Protection
All data is processed in accordance with UK GDPR and Data Protection legislation.
 

12. Termination
Either party may terminate instructions in writing. Commission remains payable on sums recovered following instruction, including payments received within 6 months of termination.
 

13. Limitation of Liability
Liability is limited to fees charged unless otherwise agreed in writing.
 

14. Jurisdiction
These terms are governed by the laws of England and Wales and subject to the exclusive jurisdiction of its courts.