Since 2002 it has been a statutory right for suppliers to charge interest on overdue invoices at the rate of 8% above a reference rate based on the Bank of England base rate, together with a late payment fee.
Since 2013 the rules were updated meaning you can also now claim ‘reasonable’ recovery costs from the late payer.
We at The Debt Collection Centre (#tdcc) always pursue all monies due to you and working on a simple no win no fee basis, where we can, this can result in you recovering more monies than the debt due to you!
Of course you need not always claim interest and compensation should you have a long-term trading relationship with your customer or the outstanding sum is not as a result of the actions of your debtor.
We at #tdcc want to ensure we understand your business and tailor our service to your needs.
Why not give us a call and discuss how we may assist in collecting your money that is being withheld by others!