No upfront Charges.

No hidden fees.

Our standard offer on Business Debt Recovery and Commercial Debt Collection is no 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, but we seek to add on the fees under the law so you get 100% of your monies. 

Where the matter is bound for the court you pay any charges or disbursements, but we are unique in that we manage the court process.

Any reasonable fees we add on to the amount owed to recover the debt and any interest due can be added to monies owed by the debtor under The Late Payment of Commercial Debts (Interest) Act 1998.

Any court fees (if required), tracing fees or disbursements 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 realistic.

Please call us on 0333 121 0161 or use our 

contact form.

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.

• We have worked with and recovered monies 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 Business Debt Recovery is to put you at the front of the queue and we only act for you. 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.

AVC Debt Recovery Simple 10 Step Business 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. Negotiation/Clarity
7. Initial letter/demand.
8. Final Demand.
9. Discussion on total process (payment plans etc guided by the client).
10. Legal Action.

DEBT RECOVERY/DEBT COLLECTION FEES

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 Statutory Charges

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 cannot claim Statutory Interest if there’s a different rate of interest in a contract.