Serving England & Wales since 2008
Debt Recovery
Kidwells Solicitors
Debt Recovery Experts for Businesses
Cash flow is vital to the success of any business, and unpaid invoices can quickly put pressure on your operations. At Kidwells Solicitors, our debt recovery team specialises in helping businesses of all sizes recover money owed to them in a professional, cost-effective way. We understand the importance of balancing firm action with preserving valuable business relationships, which is why our approach is always tailored to your needs. From issuing late payment demands and calculating statutory interest, to negotiating repayment or pursuing court action, we provide clear, practical guidance every step of the way. With our support, you can take decisive action to protect your finances and keep your business moving forward.
How do I keep a relationship with company debtors?
If your Contract does not provide an interest rate applicable on overdue debt, then your Business may rely on the Act to recovery statutory interest in addition to your invoice sum. The Act also provides for compensation fees to be payable in the event of late payment as follows:
| Amount of Debt | What You Can Charge |
|---|---|
| Up to £999.99 | £40 |
| £1,000 to £9,999.99 | £70 |
| £10,000 or more | £100 |
We understand that every business has different debtors. To alleviate payment, some require a firm hand whilst some require a more empathetic approach. By discussing your debtors with you, we will relieve you of the time and stress involved in recovering bad debts whilst maintaining client relations where necessary.
We will issue Late Payment Demands from as little as £30.00 plus VAT. Discounts are available for bulk instructions.