AVC Debt Recovery : Business Debt Recovery
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AWARDS
Financial Services
Review 2024
Top 5 Debt Collection Agencies in the UK
Best Debt Recovery Business 2024 - Southern England
UK Legal Awards 2024 Commendation of Excellence: Client Services
Offices
SURREY
AVC Debt Recovery Surrey
Office Suite 1
LFC Ltd
Fetcham Grove
Leatherhead
Surrey, KT22 9AS
DORSET
AVC Debt Recovery Dorset
Unit 5 Base Point
15 Jubilee Close
Weymouth
Dorset DT4 7BS
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Business Debt Recovery & Commercial Debt Collection Free Letter Before Action Template
LBA TEMPLATE
A Customer
100 Specimen Road
Town
County Postcode by email & post
Date
Dear Sirs,
Re: Outstanding Monies due to Creditor: Amount - £5,000
Our Ref: Insert here Date of Invoice
Customer Ref: Any PO or Order Number PO 11111
We are writing to you concerning the monies outstanding on Invoice number 999999 dated 01/01/2000 for the amount of £0,000.00 for the agreed contracted works. We have previously provided you with the relevant invoices and statements. Any request for a further copy invoices, or other documents relating to these outstanding monies, should be made by return.
We refer you to the Practice Direction (Pre-Action Protocols) in particular paragraph 15 and the sanctions for non compliance. You can find these on the Ministry of Justice website at: http://www.justice.gov.uk/courts/procedure-rules/civil/rules/pd_pre-action_conduct
Unless payment of this sum is received within 7 days of the date of this letter, further action may be taken that includes referring this matter to a debt recovery agency and/or court proceedings, which will be enacted against you without further notice.
Any further action will include all applicable fees due under the law on late payments as well as claim for interest from the due date of the invoices, court fees and recovery costs. Where appropriate, interest, compensation and further costs under the Late Payment of Commercial Debts (Interest) Act 1998 will be claimed. Any further invoices which become due will be included in the claim.
If a Judgment is subsequently registered against you it is likely to affect your credit rating.
We look forward to your prompt response.
Yours faithfully
Company Name
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.
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
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.
We manage and incoroprate this Act of Parliament for you.