Late Payment Of Commercial Debt Uk
Are you chasing the late payment of commercial debt owed by business clients in the UK who have failed to make payment on an invoice for goods or services that they purchased from your company within the agreed timescale? The highly trained and experienced professionals at Michael Lewin Solicitors could provide expert assistance to help you with the retrieval of outstanding funds that are owed to your company by business debtors aiming to secure payment as quickly and cost effectively as possible.
The highly skilled professionals at Michael Lewin Solicitors could provide various debt recovery solutions to your company to help you secure late payment of commercial debts from your business clients.
Our team will always aim to recover outstanding funds as quickly and cost effectively as possible. In many cases payment can be secured by issuing a Letter of Action or Late Payment Demand from our solicitors. However the efficiency of this letter will depend upon the credit standing of the debtor the age of the debt and various other factors.
Do you require expert assistance in your pursuit of late payment of commercial debt from business clients in the UK who have thus far proved unwilling to pay for goods or services that will provide about your organisation? Then you should consult with the experts in commercial debt recovery at Michael Lewin Solicitors as our specialists could use their vast knowledge and expertise in this particular field to offer tailor-made debt recovery solutions to secure outstanding funds from business clients who have been illusive with providing their payment.
A Late Payment Demand allows for interest compensation and reasonable debt recovery costs to be claimed on top of the balance outstanding debt from business debtors who have failed to make payment on invoices on time.
This interest can be claimed at 8% over the Bank of England base rate along with compensation of £40-£100 per invoice for which payment is overdue. The amount of compensation depends upon the invoice amount. In addition for orders placed after 16 March 2013 for goods and services from your company reasonable costs can be collected where the charges that you have incurred exceed the compensation that can be claimed.
The dedicated commercial debt recovery team at Michael Lewin Solicitors were recently consulted by a client seeking assistance with the retrieval of outstanding funds amounted to £928.56 from Ms H in Derby.
The highly skilled resource for professionals at Michael Lewin Solicitors could assist your company in obtaining late payment of commercial debt from business debtors who have not made payment for goods and services that they purchased from you within the timescale outlined in your agreement using the quickest and most cost-effective debt recovery methods available to you; so make a no obligation call to our helpful advisers today for further information on the commercial debt recovery services that our team offer wherever you are in the UK on: (0844) 847 2323.
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