
We have recently passed the 10 year anniversary of the Late Payment of Commercial Debts (Interest) Act, but many businesses still do not know their rights.
The Act (as amended) allows businesses to claim compensation for late payment.
The interest rate businesses can charge (unless their terms provide otherwise) is fixed for each 6 month period - at 8% above base rate.
Cash flow is king! Speak to Nick Davis for no nonsense debt collection advice.