Cash-flow is vitally important to all businesses, and ensuring that customers pay their invoices on time is essential. Our Debt Recovery Solutions package offers a cost-effective, efficient service together with practical commercial advice from an experienced and legally qualified team.
Our recommendation is to act promptly, as payment is much more likely the sooner the demand for payment is made. For most commercial debts, a claim can be made for compensation under The Late Payment of Commercial Debts Regulations 2013. In addition, and depending upon the terms of the contract, claims can include a claim for interest under the Late Payment of Commercial Debts (Interest) Act 1998 within the demand for payment.
A typical money claim may involve issuing proceedings, obtaining judgment, enforcement of the judgment or the threat of insolvency. If a matter becomes disputed or defended, we will recommend a course of action to resolve the dispute, including mediation and negotiated settlements as well as a full litigation service.