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Have you supplied goods or services to English companies
and not been paid?
BAD DEBTS?
Is it that they CAN’T PAY
Or is it that they WON’T PAY!
Is poor cash flow caused by late or non-payment strangling
your business? Instruct Ashton Bell to pursue the matter
on your behalf.
FREE INITIAL CONSULTATION
either: - at our offices – on the telephone
| Slow
Payment-Non Payment-A Universal Malaise |
Cash oils the wheels of commerce and if everyone paid
their bills on time the world would be a much happier
and more prosperous place!
Unfortunately as everyone knows a significant proportion
of the business community does not pay its bills promptly,
(and unfortunately english companies are among the worst
offenders) causing severe cash flow difficulties for supplier
of goods and business services. Many of the worst culprits
are large concerns which routinely take 60, 90 or even
120 days credit before they even think about payment,
or have an unofficial policy of not paying until the bailiffs
are knocking on the door a system of credit control known
as “pay the sheriff”.
Financial controllers are ingenious in coming up with
reasons why you have not been paid. We have heard them
all: but here are a few examples: -
• “we
haven’t received your invoice”
•
“haven’t we paid this already?”
• “accounts are dealt with by head office”
• “the credit controller is on holiday/off
sick/on maternity leave etc”
• “we
only pay on statement, not invoice”
•
“we only pay on invoice, not statement”
• “my partner deals with accounts and he is
in Beijing”
• “we will put you
in our next cheque run (they only have a cheque run every
three months)”
• “I am sorry you
have just missed our cheque run, I’ll put you in
the next”
• “the account is in query”
• and of course “the cheque is in the post”
Is this happening to you?
Remember if your customers are helping themselves to extended
credit they are running their businesses with your capital
| Why
instruct a solicitor? |
Some businesses are reluctant to involve solicitors for
fear of upsetting their customers. However there is little
point in doing business with customers who are going to
put you out of business. We tailor our initial approach
and recovery stratagems to the circumstances in accordance
with your instructions from a polite reminder for those
of your customers who have “forgotten”, to
a threat to seek an immediate winding up order for the
worst corporate offenders where the debt is undisputed.
If resources are tight, a debtor company will pay the
supplier who pushes the hardest. Make sure it is you.
There are also now statutory penalty payments and punitive
rates of statutory interest on commercial debts we can
claim on your behalf in addition to the sum due to you,
which vary in accordance with the size of the debt.
It is well known that the chance of recovery on doubtful
debt recedes in direct proportion to its age. Act Now!
You have nothing to lose but your overdraft!
Up until the issue of proceedings we accept instructions
on a “no recovery no fee” basis apart from
a nominal £20.00 plus VAT administration charge
in the event of a non-recovery.
If successful in addition to the above we charge a competitive
percentage of the sum recovered as follows, all sums are
plus VAT: -
| Debt £’s |
Percentage |
Minimum Charge £’s |
| 0.00 - 1000 |
6.0 |
37.50 |
| 1001 – 3000 |
6.0 |
75.00 |
| 3001 – 5000 |
5.0 |
180.00 |
| 5001 – 8000 |
4.0 |
250.00 |
| 8000 - 15000 |
2.5 |
320.00 |
| 15000 + |
2.0 |
350.00 |
If proceedings have to be issued, we can give you an estimate
of costs and help you through the litigation process.
To instruct us to pursue your debt please call 0113
243 86 88 to speak to one of our debt
collection solicitors or click
here to contact us via the website.
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