Late Payment Of Commercial Debt in the Leeds UK

 In Debt Recovery Case Studies

Late Payment Of Commercial Debt; Are you chasing late payment of commercial debt from business clients who have failed to pay for the goods or services that your company has provided? The skilled and highly driven legal professionals at Oakwood Solicitors on our dedicated debt recovery team could assist your company in obtaining late payment from commercial debtors as quickly and cost effectively as possible as well as any interest and compensation that can be charged on top of the outstanding balance that is already owed.

If business clients have failed to pay invoices on time for the goods or services purchased from your company you may be able to charge them interest and compensation and the Late Payment of Commercial Debts (Interest) Act 1998 in addition to the outstanding balance.

If invoices issued to your business clients are not paid on time your company may be able to claim interest at up to 8% above the Bank of England base rate. In order to be able to do this you must have supplied goods or services on the must have been purchased for business purposes. The must have been no consumer credit agreement in place and any contract between you and the business client does not contained a provision for interest on overdue amounts. This interest must be claimed within six years.

Do you require expert assistance in your pursuit of late payment of commercial debt from customers who have not kept up with their agreement following the purchase of goods or services from your company? Then you should make a no obligation call to the debt recovery specialists at Oakwood Solicitors to discover how our professionals could use their pragmatic approach to debt recovery problems to apply tailor-made solutions to obtain payment of outstanding funds in full.

In addition the above-mentioned Act also enables your company to claim compensation of between £40 and £100 each and paid invoice (depending on the size of the outstanding debt).

For orders placed after 16 March 2013 reasonable costs of collecting the debt can also be charged to the debtor if the costs exceed the compensation amount. The experts at Oakwood Solicitors could act on your behalf to retrieve these funds.

The dedicated debt recovery team at Oakwood Solicitors were recently contacted by a client who required assistance to retrieve outstanding funds from Ms C in Cardiff who owed £893.52.

The highly skilled and resourceful professionals at Oakwood Solicitors could work on behalf of your company to pursue and obtain late payment of commercial debt from the business clients who failed to pay you what they owe providing fast and cost-effective solutions that are tailored to suit your business requirements; so make a no obligation call to our helpful advisers today for a free initial consultation to discuss the services offered by our experts on: (0844) 847 2323.


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