Late Payment Commercial Debts; Are you seeking experienced professionals that could help you in your pursuit of late payment of commercial debts from business clients who have yet to pay what they owe?
Then look no further than the dedicated debt recovery team at Oakwood Solicitors as our professionals could use their vast knowledge and expertise in the field debt recovery to aid your organisation with the retrieval of outstanding funds that are due from business clients who have failed to make invoice payments.
If business clients are late in making invoice payments you could charge Late Payment Interest and Compensation under the Late Payment of Commercial Debts (Interest) Act 1998. This can be done if you have supplied goods and services that were purchased for business purposes under an agreement that does not contain any provision of interest on overdue invoices.
Customers do not have to be informed that you will claim Late Payment Interest if they do not complete payment of invoices in time. However you may find it beneficial to your organisation to advise business clients of your intentions if they are late with their payments as this will encourage them to pay promptly.
Compensation can be claimed for each unpaid invoice as soon as the payment becomes overdue. Compensation charges vary from £40 to £100 depending upon the outstanding invoice amount.
Do you require expert assistance to help you secure late payment of commercial debts from business customers who have thus far failed to pay for the goods or services that they purchased from your company?
Then you should consult with the debt recovery experts at Oakwood Solicitors for fast cost-effective and professional debt collection services to assist your organisation with the retrieval of outstanding funds from commercial clients.
The dedicated debt recovery team at Oakwood Solicitors were recently contacted by a client who sought assistance to secure payment of outstanding funds of £438 from Mr S in Hounslow.
The experienced professionals at Oakwood Solicitors could aid your organisation in securing the payment you require the goods or services that were purchased from you for businesses who have not supplied payment of invoices on time.
Although we will always use the most cost-effective debt recovery method available to you in many cases our charges can be covered by the compensation amount or for the orders placed after 16th of March 2013 reasonable costs can be charged to the debtor if the fees are not covered by the compensation.
The highly skilled resource will team of professionals at Oakwood Solicitors could assist your company in obtaining late payment of commercial debts plus any interest and compensation that can additionally be charged on top of the outstanding balance recouping the outstanding funds as quickly and cost effectively as possible; so make a no obligation call for a free initial consultation with our helpful advisers today to discuss the tailor-made debt recovery solutions our team could prepare for you on 0113 200 9720.
