StatClaim successfully assists large finance companies and institutions to tackle bad debts, late payers and to claim their statutory right to compensation and interest on late payments, under the Late Payment of Commercial Debts (Interest) Act 1998. By applying this legislation to your current debtors, we are able to provide a sympathetic, efficient and professional debt recovery service from as little as 2%.
We know your industry and in addition to turning an overdue invoice in to a significant asset, by providing you with a regular income stream, you will also benefit by having your own de-facto “in house” solicitor*, who can advise you on all your commercial and drafting requirements enabling you a significant cost saving on your current legal facility.
Furthermore, we can even claim compensation and interest on historic late payments (in the last 6 years) providing, potentially, tens of thousands in additional revenue.
Some of the benefits we offer are:
- Claim a minimum of £40 for every invoice paid late in the last 6 years;
- Benefit from “in house solicitor”;
- We take care of the whole process from start to finish;
- Retrieve ‘cold case files’ that may have been written off to soon; and
- Review of your contracts, agreements and current disputes (if any).