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Late Payments Of Commercial Debts Uk

0:00, 1/11/2014

Home » News & Knowledge » Late Payments Of Commercial Debts Uk

Are you chasing late payments of commercial debts that are owed by business customers in the UK following the purchase of goods or services from your company? The specialist services of our dedicated debt recovery team at Oakwood Solicitors may benefit you as our highly trained and experienced professionals could use their vast knowledge and expertise in this particular field to offer tailor-made debt recovery solutions for your company to obtain payment in full from business customers as quickly and cost effectively as possible.

The highly skilled commercial debt recovery team at Oakwood Solicitors could provide fast and cost-effective tailor-made debt recovery solutions for your company. However in many cases a simple and efficient retrieval of outstanding funds can be made by issuing a Letter of Action to the debtor. An alternative to this can be issued to some commercial clients which is known as a Late Payment Demand. This allows the interest of up to 8% above the Bank of England base rate to be charged on the outstanding balance of the invoice as soon as payment becomes late. It also allows for compensation to be charged ranging between £40 and £100 for each unpaid invoice depending upon the amount outstanding.

In addition to this our company can also add reasonable costs for our services on top of the outstanding balance that is due from the debtor is a purchased goods or services from your company after 16 March 2013 and the compensation amount does not cover these.

Do you require assistance from experienced professionals to obtain late payments of commercial debts for business clients within the UK who have thus far proved to be unwilling to pay for the goods or services that were purchased from your company? Then you should consult with the dedicated debt recovery team at Oakwood Solicitors as our professionals could act on your behalf to secure payment in full of the outstanding funds that are owed by business clients plus interest and compensation in cases that qualify.

The commercial debt recovery specialists at Oakwood Solicitors recently contacted by a client who sought assistance in their pursuit of outstanding funds are £718.27 from Mr N in Sunderland.

If you require assistance in securing payment of outstanding commercial debts just as the above-mentioned client sought don’t hesitate to contact our experienced team of professionals today. Our experts could help you secure this payment quickly along with interest and compensation from business debtors.

The highly skilled and resourceful professionals at Oakwood Solicitors could help you secure late payments of commercial debts from business clients who have failed to make invoice payments on time for goods or services provided by your company plus recoup interest compensation and reasonable costs on top of the outstanding balance; so make a no obligation call to our helpful advisers today wherever you are in the UK to discuss your commercial debt recovery requirements on: (0844) 847 2323.

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