A Yorkshire law firm’s recently launched Independent Schools department is now recovering more than £50,000 a month in unpaid tuition fees for its clients.
Since introducing the service in February, Harrogate based Ashworth Law is now working on behalf of a number of private schools nationwide.
Research carried out by the firm suggested that at the beginning of the year, the nation’s 1,800 private schools were owed in excess of £30 million in unpaid fees.
And with the prospects for the economy still uncertain, this figure is set to rise further.
Ashworth Law co-founder Mathew Cobley said:
Our expertise is helping clients, individuals and businesses recover money owed to them. We identified independent schools as a target market and launched this new division in February.
In just a few months we have been appointed by schools from all over the country to act on their behalf in recovering unpaid tuition fees. The figures in question range from just a few hundred pounds right up to more than £25,000 in one case.
Independent schools are like any other business and bad debts, particularly if they are significant, can result in a school closing its doors for good. It’s important these debts are chased down as quickly as possible.
Ashworth Law’s success in processing mis-sold financial policies has led the firm to expand its client services, including the addition of personal injury and family law departments, plus being commissioned by a number of major companies to recover debts on their behalf, both in the UK and abroad.
