Successful Recovery of Commercial Debt – Client Case Study
Successful Recovery of Commercial Debt
Client –Leading manufacturer of industrial equipment vs Debtor – Turbine Services
Principal Sum – £117,144.00
We were instructed by a leading manufacturer to recover a commercial debt against a construction company for a principal sum of £117,144.00.
We successfully recovered the full principal sum on the same day of instruction. The invoice dated back to January 2017, being 66 days old at the time of instruction.
We actioned the case within 1 hour showing the debtor that our client was serious about getting their commercial debt paid.
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.