Late Payment Commercial Debts
Are you chasing the late payment of commercial debts that are owed by business clients in Bradford?
Then don’t hesitate to get in touch with the skilled and highly driven team of debt recovery specialists at Oakwood Solicitors for assistance in your pursuit of the outstanding funds that are owed to your company for a fast and reliable service that you can trust.
If your commercial customers are late in paying the money that they owe you for goods or services that your company has provided you may be able to claim a significant amount of interest and compensation on top of the existing charges.
Under the Late Payment of Commercial Debts (Interests) Act a Late Payment Demand can be issued as an alternative to a Letter of Action to allow your company to claim late payment interest.
A Late Payment Demand can recover the costs involved in debt collection in part or completely. The interest that can be charged is at a rate of 8% above the Bank of England base rate in addition to compensation of £40-£100 for each invoice that has gone unpaid.
You may qualify to issue a Late Payment Demand if:
• You have supplied goods and services
• They were purchased the business purposes
• There was no consumer credit agreement in place
• There was no provision for interest on overdue invoices in the contract that is in place
Do you require professional assistance to recoup late payment of commercial debts that are owed to your organisation in Bradford?
The dedicated commercial debt recovery team at Oakwood Solicitors could work on your behalf to chase down late payment of outstanding funds that are owed to your company by business debtors who have failed to pay the invoice is that you have issued the goods or services that your company provided.
The experts at Oakwood Solicitors recently received an enquiry from a client who was struggling to obtain payment of an outstanding debt of £2452.38 from Mr G in Bristol.
Has your company been having difficulties retrieving outstanding funds that are owed to you? Then don’t hesitate to get touch with the debt recovery experts at Oakwood Solicitors as our experienced team could pursue the late payment of money that is owed to your organisation plus any interest in compensation in cases that qualify.
WHAT TO DO NEXT
Make a no obligation call to our helpful advisers today to discuss your debt recovery requirements in a free initial consultation on: 0113 200 9720
