Recruitment Case Study
Age of invoice: 2 years old
Principal Sum: £6,750
Days to recover: 5 days
We were instructed by a recruitment agency to recover a commercial debt against a business managing consultancy for a principal sum of £6,750.00. Under “The Late Payment of Commercial Debts (Interest) Act 1998” our client was also entitled to claim interest, compensation and reasonable costs to the sum of £2,041.74.We successfully recovered the full principal sum and all additional costs within 5 days of instruction. The invoice being 724 days old at the date of instruction. This was a very good result for our client as the case had very little hope of being recovered due to the age.
The power of outsourcing has proven time and time again to be the most successful resource available to companies with late payments and bad debt issues. By instructing a third party it affirms the seriousness of the situation to the debtor which in itself can prompt them into action.
If you have any overdue or problematic accounts you would like to discuss, contact us today to see how we could assist you inrecovering these debt. Call 01698 821 468 or email [email protected]