Debt Claims for Businesses
Having good debt recovery processes is crucial to maintaining positive cashflow, which is vital for running a profitable business.
We can assist you with recovering monies from problem clients, contractors or suppliers in a quick and cost-effective manner. We can also advise you on ways that you can enhance your terms of business to ensure that you are paid on time, and to enable you to seek proper compensation where you are paid late, whilst avoiding the possibility of your contractual clauses being unfair or otherwise unenforceable.
For business-to-business debts you can also rely on the Late Payment of Commercial Debts (Interest) Act 1998 to recover interest and compensation for late payment even if this is not included in the terms of your contract.
In most cases you will also be able to recover your legal costs from the debtor.
