Late Payment Commercial Debts Uk
Are you struggling to obtain late payment of commercial debts from business customers in the UK who purchased goods or services from your company? Then you may benefit from the specialist services of the dedicated commercial debt recovery team at Oakwood Solicitors as our highly trained and experienced professionals could work on behalf of your company to secure payment in full of outstanding commercial debts as quickly and cost effectively as possible as well as obtain payment of interest charges and compensation in cases that qualify.
If your business customers are late providing payment to your company and invoices for goods or services that were purchased from you the dedicated commercial debt recovery team at Oakwood Solicitors could work on your behalf to secure this payment as quickly and cost effectively as possible. Not only this if the goods or services were purchased by the commercial client for business purposes and there was no provision for interest in your Terms of Business in the contract that was originally set up our experts can also pursue payment of interest and compensation in addition to the outstanding balance on your behalf.
The interest can be charged at 8% over the Bank of England base rate and compensation of between £40 and £100 can be charged for each invoice for which payment is late. This interesting compensation can even be claimed after outstanding debts are settled as long as it is done so within six years of the original date that payment was due. These charges can be claimed as soon as the payment becomes overdue.
Do you require expert assistance in your pursuit of late payment of commercial debts that are owed by UK business customers? Then you should make a no obligation call to the commercial debt recovery specialists at Oakwood Solicitors discover how our extremely proficient team could assist your company in recouping the outstanding funds that are owed by business debtors in the UK who have failed to make payment on time for the goods or services that your company has provided for them.
The commercial debt recovery team at Oakwood Solicitors were recently contacted by a client who sought assistance with the retrieval of outstanding debts of £1410.84 from Mr F in Bradford.
If you like the above-mentioned client require assistance with the retrieval of outstanding funds that are owed to you plus information on charging interest and compensation to the business debtor under the Late Payment of Commercial Debts (Interest) Act 1998 don’t hesitate to get in touch with our dedicated commercial debt recovery team today.
The highly skilled and resourceful professionals at Oakwood Solicitors could aid your company in obtaining late payment of commercial debts plus interest and compensation on top of the outstanding balance when a business customer has failed to make a payment on an invoice within the agreed timescale following the purchase of goods or services from your company in the UK; so fast and cost-effective debt recovery solutions make a no obligation call to our helpful advisers today for a free initial consultation of your requirements on: (0844) 847 2323.
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