Business Debt Recovery, Commercial Debt Recovery, Surrey, London, Dorset
Business Debt Recovery, Commercial Debt Recovery, Surrey, London, Dorset
AVC Debt Recovery
AVC Debt Recovery 

Commercial Debt Recovery & Business Debt Recovery Fees

  1. It's simple: whatever we do for you it is no win no fee . We only charge if we are successful in recovering your monies - not by the hour.
  2. We will look at recovering any business debt over £600.
  3. Our fees are typically 15% of the monies you are owed from the debtor.  
  4. With you receiving 85% of something as opposed to 100% of nothing we think our service adds value to your business.
  5. Where the matter is bound for the court we will take on the debt and add our reasonable fees to the other party who owes you.
  6. All of our debt recovery and debt collection is covered by our no results no fee guarantee which is if we do not collect you do not pay.
  7. A true no cost business debt recovery and debt collection solution.
  8. It should not cost you anything to recover monies that you have invoiced for goods and services you have supplied and the government have passed legislation that agrees with this premise.
  9. Any reasonable fees we add on to the amount owed to recover the debt and any interest due  are all paid by the debtor under the Late Payment of Commercial Debts (Interest) Act 1998 and 2013 Regulations.
  10. Any court fees (if required) or disbursements (if requested by you) or special instructions are payable by you. It really is that simple.

 

Please call us on 0333 121 0161 to receive an immediate complimentary no obligation debt recovery/debt collection consultation; or use our 

contact form.

Via the form we will respond the same working day to enable you to look at receiving your monies in your account.

 

At all times we keep you posted on all matters and unlike other agencies, we will not advise you to take court action if the chances of you getting paid are not good.

 

Unlike other agencies we do not advise court action or take large legal fees if we feel the debtor has no assets, or court action will leave you better off in principal but worse off fiscally (we always advise clients never to go to court on a matter of principle).

Here we apply the 3 Ps

Payment Precludes Principle.

We apply all facets of the law that recovers your invoiced monies.

 

 

Our pro-active approach is to get you to the top of the list for payment.

 

  • We have covered all businesses and worked with and recovered from sole traders right up up to multinationals
  • We have enacted debt recovery negotiations in UK, BRIC, LATAM, EMEA, USA, Canada and Australasia.

 

Our purpose in Commercial Debt Recovery, Business Debt Recovery is to put you at the front of the queue and we only act for you not any other creditors there might be. To successfully recover any debt our experience has told us to tell you that it is vital to act decisively and quickly.

 

AVC Debt Recovery Process

  1. Contact us.
  2. Discuss your requirement.
  3. Sign AVC Debt Recovery Form of Authority to enable us to collect your debt.
  4. Send to AVC Debt Recovery copies of all issued invoices, exchanges of correspondence and agreements.
  5. AVC Debt Recovery initiate telephone contact with debtor.
  6. Initial letter/demand.
  7. Final Demand.
  8. Discussion on total process (payment plans etc guided by the client).
  9. Legal Action.

Please call us on 0333 121 0161 to receive an immediate complimentary no obligation debt recovery/debt collection consultation; or use our 

contact form.

 

We also offer a follow up contract law advice service e.g. credit checks,  improvement areas in payment terms and contractual insertion of payment terms.

Please see our In House Debt Recovery Packages

 

Business, Commercial, Debt Recovery, Debt Collection, Surrey, London, Kent, Sussex, west Sussex, Berkshire, Hampshire Satisfied Clients from No win No Fee Debt Recovery, Debt Collection

DEBT RECOVERY/COLLECTION FEES

The Late Payment of Commercial Debts (Interest) Act 1998 and 2013 Regulations is an Act enabling businesses to charge other business customers interest on overdue accounts and to obtain compensation on the debt recovery process. The Act extends to Scotland and Northern Ireland.

 

The UK Parliament and the EU have recognised the detrimental effects to small businesses and therefore the economy of poor payment and have amended the legislation several times since 1998. The most recent amendment came in 2013 when the provisions to allow the recovery costs of a third party to be claimed from the debtor.

 

Late Payment Compensation

 

Unpaid Debt                                    What you can charge

Up to £999.99                                     £40

£1,000 to £9,999.99                            £70

£10,000 or more                                 £100

 

You can cover the cost for doing so from that customer, as long as you adhere to the rules set out by the Late Payment Legislation.

 

The following is the Government’s own guidelines relating to what a late payment is, and what you can do about the cost of recovery.

When a payment becomes late

You can claim interest and debt recovery costs if another business is late paying for goods or a service.

If you haven’t already agreed when the money will be paid, the law says the payment is late after 30 days for public authorities and business transactions after either:

the customer gets the invoice

you deliver the goods or provide the service (if this is later)

You can agree a longer period for payments from one business to another – but if it’s longer than 60 days it must be fair to both parties.

 

Interest on late commercial payments

The interest you can charge if another business is late paying for goods or a service is ‘statutory interest’ – this is 8% plus the Bank of England base rate for business to business transactions. You can’t claim statutory interest if there’s a different rate of interest in a contract.

You can’t use a lower interest rate if you have a contract with public authorities.

The current Bank of England base rate is 0.25%, so statutory interest for a recent debt would be 8.25%.

 

Example

If your business were owed £1,000:

  • the annual statutory interest on this would be £82.50 (1,000 x 0.0825 = £82.50)
  • divide £82.50 by 365 to get the daily interest: 22.60p a day (82.50/ 365 = 0.2260)
  • after 50 days this would be £11.30 (50 x 0.22.6023 = 11.30).
Business, Commercial, Debt Recovery, Debt Collection, Surrey, London, Kent, Sussex, west Sussex, Berkshire, Hampshire buisness No Win No Fee Debt Recovery, Debt Collection

 

REQUEST A CALL BACK

Click here if you wish to receive a complimentary, no obligation Business Debt Recovery consultation?

 

 

For UK Commercial Debt Recovery, Business Debt Recovery that delivers for you use our

contact form

or call 

0333 121 0161

 

A FREE no obligation consultation on  how AVC Debt Recovery can

deliver your monies into your account.


AVC Debt Recovery 

19 High Street
Great Bookham

Surrey  KT23 4AA
 

UK Commercial Debt Recovery and Business Debt Recovery Specialists.

 

Offices in Surrey, London, Weymouth, Dorset.

 

Visit our partner company for any contractual issues

CW Contract Law and Legal

Get Social With Us

Print Print | Sitemap
© Colin Ward