For many companies that
deal with other businesses,
non-payment from a client
can have a knock-on effect
on their cashflow.
The Late Payment of Commercial
Debts Regulation 2013
was brought in to combat late payments
in business to business cases.
This ensures that late payment interests
can be added onto overdue invoices
in addition to the costs incurred
by using or instructing a
debt recovery specialist.
In theory, you could instruct
a debt recovery agency
and still receive the
full balance owed to you.
The interest charge would
be a form of compensation
for the client's delayed payment.
To hear more on how this
could help your company,
please give us a call on 01883 212121.
