It's simple:our standard offer on both Business debt recovery, Business Debt Collection and Commercial Debt Recovery is no collection ("win") no fee. We only charge if we are successful in recovering your monies - not by the hour.
We will look at recovering any business debt over £600.
Our fees are based upon no win no fee based upon a percentage of the monies you are owed from the debtor, so we deliver you a service that adds value to your business.
Where the matter is bound for the court you pay any charges or disbursements, but we are unique that we manage the process gratis.
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 subsequent amendments.
Any court fees (if required), tracing fees or disbursements (if requested by you) or special instructions are payable by you. It really is that simple.
We will not advise you to take court action if the chances of you getting paid are not good.
Please call us on 0333 121 0161 to receive an immediate complimentary no obligation business debt recovery/ business debt collection consultation; or use our
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 that 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 purpose in 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.
We are unique in that 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.
AVC Debt Recovery Process
The Late Payment of Commercial Debts (Interest) Act 1998 and subsequent amendments 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 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.
WANT TO RECOUP MONIES YOU ARE RIGHFULLY OWED?
AVC Debt Recovery Surrey
12 Barnes Wallis Close
Surrey KT24 5GA
AVC Debt Recovery Dorset
Office 1, 60 The Esplanade
Dorset DT4 8DE
For Business Debt Recovery &
Business Debt Collection
0333 121 0161
Visit our partner company for any contractual issues, contract checking or business terms and conditions
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