Recovering Third Party Costs
Following the "Late Payment of Commercial Debt" regulation of 2013 companies are now entitled, in business to business cases, to add debt recovery costs and late payment interest onto the original debt. This acts as a form of compensation for the company who is owed to the outstanding funds. As such, it is often in a company's best interest to instruct a debt recovery agency to collect commercial debts on their behalf, whilst they focus on other ventures to keep their business running.
To find out more, please give us a call to arrange a free complimentary consultation or virtual meeting. Our number is 01883 212121 or email enquiries@tclsllp.com.