Our university client referred a UK commercial debt for £176,000 comprising invoices up to 16 months past due. After five weeks negotiation, we recovered £198,000 being the £176,000 principal sum, £13,000 collection costs, and £9,000 interest. Our client received £185,000, being the principal sum and interest, and their debtor paid our collection costs. A great example of the Late Payment of Commercial Debts Act in action, penalising the debtor for late payment.
Find out more about our Commercial Debt Collection service.