Practical guidance for businesses chasing money they are owed. What to do, in what order, and where the common mistakes are.
Every late business invoice carries interest at 8% above base rate, plus a fixed sum and your reasonable costs of chasing it. Almost nobody asks.
Money lent to family or friends is still money owed. How to show it was a loan, and why the six year clock may not have started yet.
The £10,000 limit, the court fees, the letter you must send first, and why a judgment is not the same as being paid.
When an invoice becomes late if no date was agreed, the 60 day limit between businesses, and what you can add once it is overdue.
Checking the company, adding interest, the letter before action, statutory demands, court claims and when to hand it over.
Months of promises and excuses, then a third party gets involved and the money moves. Why that happens, and where the legal line sits.
Bankruptcy, IVAs, old debts and liquidated companies make recovery hard. Where the real dead ends are, and the routes most people miss.
A debtor who has moved or stopped answering has not disappeared. What tracing involves, and the details that make it quicker.
The order a case moves in, from instruction through first contact to a hand delivered letter and visits to linked addresses.
A contract does not have to be in writing to be binding. The absence of a signature makes a debt harder to prove, not impossible to recover.
Most overdue invoices are not disputes, they are drift. Here is the order to work through before the debt gets harder to recover.
The formal step before court, and very often the one that gets the invoice paid without going anywhere near it.
Six years in England and Wales, five in Scotland, and several things that quietly restart the clock in your favour.
Send us the details and a case handler will come back to you within one working day. No obligation, and no commission unless we recover.