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Our expert team can provide you with a detailed demonstration of your entitlement that will stand the scrutiny of any client or clients' solicitor. Enter the information required below and we will provide you with a calculation along with a standard letter to send to your debtor. Kickstart your Debt Recovery,
We Have Expertise
A legal update - Case law to support Late Payment Interest
Yuanda (UK) Co. Ltd -v- WW Gear Construction 13th April 2010
The above case was the first to offer a decision on the Late Payment of Commercial Debts (Interest) Act 1998.
The Act provides that where a contractual remedy for late payment is not a substantial remedy then the rate offered by the act may be applied.
The Employer had ammended the Contract provisions to 0.5% above the current base rate.
The court said that this was not a substantial remedy and so allowed the statutory rate of 8% above the base rate.
The above decision is excellent news and in the current climate a necessity.
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Our costs are kept low by automating the process so the cost to you is fixed at only £80 +vat
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Our automated system will produce the documentation required to kickstart your claim, you need to have the following information to hand. Payment is processed via PayPal so your details are safe
Contact Telephone No.
Contact Email Address.
Project No. / Order No.
Invoice Reference / Number.
Value (Including VAT - This is the Amount Owed).
Payment Due Date - This is the date you should have been paid.
Should your case be a complex one, we would suggest you get in contact with us so that we may discuss your requirements and offer a solution to suit you.