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bwtractors
johnlAbout Us

 

We normally use the county court system to recover the debts for our clients and after judgements will organise enforcement.

We frequently find the businesses we call on use our services, in turn to pursue their own outstanding accounts.

 

 

If we are given a debt, the debt remains ours for commission purposes, until it has been paid in full. This does not of course apply to new or subsequent business.

We charge a 12.5% commission on the original debt, not counting intersest or costs, when the debt is paid / collected.

Under the Late Payment of Commercial Debt (Interest) Act 1988 we claim statutory interest to which our clients are entitled at a rate of 8% plus the base rate. We also claim compensation for the cost of recovery under the same Act.