Received a Demand to Pay Interest?… What Are Your Options?
INTEREST COLLECTIONS IS A LEADING SPECIALIST PROVIDER OF BUSINESS DEBT RECOVERY AND DEBT COLLECTION SOLUTIONS.
Interest Collections Limited specialise in commercial debt recovery and debt collection solutions for the business to business market, specifically we focus on collecting interest due on the late payment of commercial debts.
Our mission is to provide rapid recoveries that maximise cash flow and protect the profitability of our clients. We achieve this through effective, professional accounts receivable management processes and state of the art systems.
As part of a pan European legal services provider we know what it’s like to be in business and how vital cash flow is to profitability. If you would like to receive the interest you are entitled to don’t delay contact Interest Collections today.
- An SME trading at £200k per month receiving £100k a month late, a not unusual situation, could have an off balance sheet asset of interest due of £57,039
- The Secretary of State for Business Innovation & Skills asks that claims for interest (and compensation) should be made as a matter of course
- Unless there is a substantial remedy in the contract against the debtor for late payment, any contract that provides for payment terms in excess of thirty days/monthly will be struck down by the courts and net thirty days from the date of invoice substituted
Source: Insolvency Practitioners Association Bulletin.
Copyright © 2017 Interest Collections Limited. Interest Collections Limited is a limited liability company registered in England & Wales. Registered number: 08748063
Registered office address: West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.