The Late Payment Of Commercial Debts York
The Late Payment Of Commercial Debts; Are you seeking expert assistance in your pursuit of the late payment of commercial debts and business clients in York? Then you should make a no obligation call to the commercial debt recovery experts at Oakwood Solicitors to discover how the profession services of our highly trained and experienced professionals could benefit your organisation in the retrieval of outstanding funds that are owed by commercial clients who have failed to make invoice payments on time.
The Late Payment of Commercial Debts (Interest) Act 1998 allows for interest compensation and reasonable costs to be claimed from business customers who are late in making invoice payments for goods or services that they have purchased from your company by the use of a Late Payment Demand.
The interest can be charged at a rate of 8% over the Bank of England base rate along with compensation of between £40 and £100 each invoice that is paid late or goes unpaid. This can even be claimed once the invoice amount has been settled.
In addition to this for orders placed by the business client after 16 March 2013 reasonable costs for the retrieval of the outstanding funds can be claimed if the compensation amount does not cover the costs that you have incurred.
You have up to 6 years to claim interest and compensation from the date that payment is overdue and this can be charged at any point once the payment becomes late.
Do you need professional debt recovery services to help you acquire the late payment of commercial debts that are owed to your organisation in York along with any interest and compensation that may be applicable on top of the outstanding balance? Then don’t hesitate to get in touch with the dedicated commercial debt recovery team at Oakwood Solicitors to find out how our experts could work on behalf of your company to recoup the outstanding funds are owed to you by business debtors as quickly and cost effectively as possible as well as claim interest on compensation in addition to the outstanding debt.
The highly skilled commercial debt recovery team at Oakwood Solicitors were recently contacted by a client who sought professional assistance with the retrieval of outstanding funds amounting to £1489.44 that were owed by Mr H in Birmingham.
Are you seeking professional assistance with the retrieval of outstanding funds that are owed to you by customers who have not made invoice payments on time? Do you require expert advice as to whether or not you could be entitled to claim interest and compensation on top of the outstanding balance? Then don’t hesitate to contact the experienced commercial debt recovery professionals at Oakwood Solicitors today.
The highly skilled and resourceful commercial debt recovery specialists at Oakwood Solicitors could help your company secure the late payment of commercial debts owed by business clients who have thus far proved unwilling to pay for the goods or services that they purchased from your organisation in York using the quickest and most cost effective debt recovery solutions available; so make a no obligation call to our helpful advisers today on: (0844) 847 2323.
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