Late Payment Compensation in Wiltshire
You could be sitting on a goldmine!
If your company is based in Wiltshire and your business customers ever paid you late then we can help you be paid on the goldmine hidden within your accounting records. You are welcome to call us during business hours on 0330 053 9263 to discuss your potential claim in total confidence. We have local representatives to help you and we have clients throughout Wiltshire from Chippenham to Salisbury and from Swindon to Warminster.
Important legislation was introduced almost a decade ago to combat the late payment of debt. The United Kingdom was one of the first countries in the European Union to implement late payment legislation to help promote a culture of prompt payment. There has been a statutory right to interest for late payment for small firms owed money by large firms or the public sector since 1 November 1998, when the Late Payment of Commercial Debts (Interest) Act 1998 came into force.
The Late Payment of Commercial Debts (Interest) Act 1998 had two purposes. Firstly, to provide compensation to creditors for the late payment of debts. Secondly, to discourage late payment of invoices.
In brief, for invoices that are not paid on time, the act enables you to claim interest and compensation even if you had no such provision was in your contract.
The legislation provided for interest to be a statutory right, claimed at 8% over the Bank of England base rate and also for three tiers of compensation. £40.00 compensation can be claimed for debts under £1000.00, £70.00 for debts under 10,000 and £100.00 for debts over £10,000. There is no minimum debt value. If you invoiced your client for just £2 but they paid you late even by a day then you are still entitled to £40 compensation. It may sound too good to be true, but it absolutely the truth! Check for yourself if you want to.
Each transaction can be viewed as a individual debt so effectively the compensation can be calculated and applied to every individual invoice. If you have invoiced a customer many times over the last six years then the compensation due could be considerable, potentially amounting to thousands of pounds for many customers. If you add up all the customers you have had over the last six years, you can start to imagine the size of the goldmine hidden in your ledgers!
Interest and compensation can be claimed even if the principal debt has been paid. One can retrospectively go back up to six years to claim interest and compensation on invoices that were paid late. They are a statutory right and no contract can block access to them, although a contract could go conceivably go beyond them.
In fact a forward-thinking business owner would make sure they invoiced each separate item on a separate invoice rather than issuing a single invoice for multiple items. By doing so they would make it clearer that each item was a separate transaction and due its separate compensation should any invoice be paid late.
It is however limited to the commercial supply of goods and services to businesses and does not apply to goods or services provided to consumers.
The statutory right to claim interest, compensation and the other entitlements are not compulsory and it is for the supplier to decide whether or not to use rights made available. Part of maintaining any successful business is good cashflow management and the late payment legislation can help you with your credit management.
The compensation provisions are still rarely used by suppliers. Sometimes they do not want to damage the relationship with their existing customers. More often, late payment compensation is only claimed by those in the know once the relationship has soured or gone stale. CPA would be happy to help businesses collect the compensation to which they are entitled. This is particularly useful in respect of former customers with whom you are no longer trading. It is crucial to act now before some of them could go out of business – then it could be too late….
How CPA can help!
Also please bear in mind that the statute of limitations blocks claiming on invoices over six years old. So if you delay, those claims respecting six year old invoices will be lost and never be recoverable. This would be a tragedy, so PLEASE ACT NOW. Call us on 0330 053 9263. The main part of the service is on a no win, no fee basis!
The Credit Protection Association provides Business Owners and Credit Managers in Wiltshire with an online credit control service that provides all the services needed, all under the one roof, including customer credit information, debt recovery and credit protection services. With extensive experience in credit management, we can provide you with expert assistance and the right solution, regardless of your business size.
The Credit Protection Association can quickly and easily produce a report for you detailing your potential claims against current and former clients that you have traded with over the last six years.
CPA can then take assignment of these debts and oversee the complicated and laborious task of producing your claims and collecting the compensation. We will take on all the costs of pursuing the debts plus any necessary legal expenses. You can just sit back and watch the money flow in.
Whether you have cash flow difficulties and are facing insolvency , or are considering retirement and closing up, or if you are just want to realise what you are due and take a stand against late payment, then we can help.
You will have complete control over which claims we pursue and we will only pursue claims against the debtors you select on our report.
The only thing that could cost you is DELAY in not acting IMMEDIATELY. Please call us on 0330 053 9263 to have a confidential no-obligation discussion on the Late Payment Compensation you are due. Alternatively, either email us or use our contact form.
Late Payment Compensation in Allington
Late Payment Compensation in Alton Barnes
Late Payment Compensation in Alton Priors
Late Payment Compensation in Alvediston
Late Payment Compensation in Amesbury
Late Payment Compensation in Ansty
Late Payment Compensation in Ashley
Late Payment Compensation in Ashton Common
Late Payment Compensation in Ashton Keynes
Late Payment Compensation in Atworth
Late Payment Compensation in Avebury
Late Payment Compensation in Axford
Late Payment Compensation in Bagshot
Late Payment Compensation in Barford St Martin
Late Payment Compensation in Barrow Street
Late Payment Compensation in Baverstock
Late Payment Compensation in Baydon
Late Payment Compensation in Beanacre
Late Payment Compensation in Beckhampton
Late Payment Compensation in Beechingstoke
Late Payment Compensation in Berwick Bassett
Late Payment Compensation in Berwick St James
Late Payment Compensation in Berwick St John
Late Payment Compensation in Berwick St Leonard
Late Payment Compensation in Bewley Common
Late Payment Compensation in Biddestone
Late Payment Compensation in Bishops Cannings
Late Payment Compensation in Bishopstone
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Late Payment Compensation in Blackland
Late Payment Compensation in Bodenham
Late Payment Compensation in Boreham
Late Payment Compensation in Boscombe
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Late Payment Compensation in Box
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Late Payment Compensation in Bradford Leigh
Late Payment Compensation in Bradford-on-Avon
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Late Payment Compensation in Brinkworth
Late Payment Compensation in Britford
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Late Payment Compensation in Broad Chalke
Late Payment Compensation in Broad Hinton
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Late Payment Compensation in Bulford
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Late Payment Compensation in Buttermere
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Late Payment Compensation in Chisbury
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Late Payment Compensation in Church End
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Late Payment Compensation in Collingbourne Kingston
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Late Payment Compensation in Compton Chamberlayne
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Late Payment Compensation in Corsham
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Late Payment Compensation in Hawthorn
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Late Payment Compensation in Highway
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Late Payment Compensation in Longbridge Deverill
Late Payment Compensation in Longstreet
Late Payment Compensation in Lopcombe Corner
Late Payment Compensation in Lover
Late Payment Compensation in Lower Chute
Late Payment Compensation in Lower Seagry
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Late Payment Compensation in Ludgershall
Late Payment Compensation in Ludwell
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Late Payment Compensation in Malmesbury
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Late Payment Compensation in Middle Woodford
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Late Payment Compensation in Milston
Late Payment Compensation in Milton Lilbourne
Late Payment Compensation in Minety
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Late Payment Compensation in Monkton Farleigh
Late Payment Compensation in Morgan’s Vale
Late Payment Compensation in Neston
Late Payment Compensation in Netheravon
Late Payment Compensation in Netherhampton
Late Payment Compensation in Netherstreet
Late Payment Compensation in Nettleton
Late Payment Compensation in Netton
Late Payment Compensation in Newton
Late Payment Compensation in Newton Tony
Late Payment Compensation in Newtown
Late Payment Compensation in Nomansland
Late Payment Compensation in Norrington Common
Late Payment Compensation in North Bradley
Late Payment Compensation in North Newnton
Late Payment Compensation in North Tidworth
Late Payment Compensation in North Wraxall
Late Payment Compensation in Norton
Late Payment Compensation in Norton Bavant
Late Payment Compensation in Norton Ferris
Late Payment Compensation in Notton
Late Payment Compensation in Nunton
Late Payment Compensation in Oaksey
Late Payment Compensation in Oare
Late Payment Compensation in Odstock
Late Payment Compensation in Ogbourne Maizey
Late Payment Compensation in Ogbourne St Andrew
Late Payment Compensation in Ogbourne St George
Late Payment Compensation in Orcheston
Late Payment Compensation in Oxenwood
Late Payment Compensation in Patney
Late Payment Compensation in Perham Down
Late Payment Compensation in Pewsey
Late Payment Compensation in Pitton
Late Payment Compensation in Plaitford
Late Payment Compensation in Porton
Late Payment Compensation in Potterne
Late Payment Compensation in Potterne Wick
Late Payment Compensation in Poulshot
Late Payment Compensation in Preston
Late Payment Compensation in Purton
Late Payment Compensation in Purton Stoke
Late Payment Compensation in Quemerford
Late Payment Compensation in Quidhampton
Late Payment Compensation in Ramsbury
Late Payment Compensation in Redlynch
Late Payment Compensation in Ridge
Late Payment Compensation in Rivar
Late Payment Compensation in Rockley
Late Payment Compensation in Rodbourne
Late Payment Compensation in Rollestone
Late Payment Compensation in Roundway
Late Payment Compensation in Rowde
Late Payment Compensation in Rushall
Late Payment Compensation in Salisbury
Late Payment Compensation in Sandridge
Late Payment Compensation in Sandy Lane
Late Payment Compensation in Sedgehill
Late Payment Compensation in Seend
Late Payment Compensation in Seend Cleeve
Late Payment Compensation in Sells Green
Late Payment Compensation in Semington
Late Payment Compensation in Semley
Late Payment Compensation in Shalbourne
Late Payment Compensation in Shaw
Late Payment Compensation in Shear Cross
Late Payment Compensation in Sherrington
Late Payment Compensation in Sherston
Late Payment Compensation in Shrewton
Late Payment Compensation in Slaughterford
Late Payment Compensation in Sopworth
Late Payment Compensation in South Newton
Late Payment Compensation in South Tidworth
Late Payment Compensation in South Wraxall
Late Payment Compensation in Southwick
Late Payment Compensation in Spirthill
Late Payment Compensation in St Edith’s Marsh
Late Payment Compensation in Stanley
Late Payment Compensation in Stanton St Bernard
Late Payment Compensation in Stanton St Quintin
Late Payment Compensation in Stapleford
Late Payment Compensation in Startley
Late Payment Compensation in Staverton
Late Payment Compensation in Steeple Ashton
Late Payment Compensation in Steeple Langford
Late Payment Compensation in Stert
Late Payment Compensation in Stibb Green
Late Payment Compensation in Stock Lane
Late Payment Compensation in Stockley
Late Payment Compensation in Stockton
Late Payment Compensation in Stoford
Late Payment Compensation in Stourton
Late Payment Compensation in Stratford sub Castle
Late Payment Compensation in Stratford Tony
Late Payment Compensation in Studley
Late Payment Compensation in Sutton Benger
Late Payment Compensation in Sutton Mandeville
Late Payment Compensation in Sutton Veny
Late Payment Compensation in Swallowcliffe
Late Payment Compensation in Teffont Evias
Late Payment Compensation in Teffont Magna
Late Payment Compensation in The Common
Late Payment Compensation in The Green
Late Payment Compensation in The Shoe
Late Payment Compensation in Thickwood
Late Payment Compensation in Tidcombe
Late Payment Compensation in Tilshead
Late Payment Compensation in Tisbury
Late Payment Compensation in Tockenham
Late Payment Compensation in Tockenham Wick
Late Payment Compensation in Tollard Royal
Late Payment Compensation in Trowbridge
Late Payment Compensation in Trowle Common
Late Payment Compensation in Tytherington
Late Payment Compensation in Tytherton Lucas
Late Payment Compensation in Uffcott
Late Payment Compensation in Upavon
Late Payment Compensation in Upper Chute
Late Payment Compensation in Upper Minety
Late Payment Compensation in Upper Seagry
Late Payment Compensation in Upper Upham
Late Payment Compensation in Upper Woodford
Late Payment Compensation in Upper Wraxall
Late Payment Compensation in Upton Lovell
Late Payment Compensation in Upton Scudamore
Late Payment Compensation in Urchfont
Late Payment Compensation in Warminster
Late Payment Compensation in Wedhampton
Late Payment Compensation in West Amesbury
Late Payment Compensation in West Ashton
Late Payment Compensation in West Dean
Late Payment Compensation in West Grafton
Late Payment Compensation in West Grimstead
Late Payment Compensation in West Kennett
Late Payment Compensation in West Kington
Late Payment Compensation in West Knoyle
Late Payment Compensation in West Lavington
Late Payment Compensation in West Overton
Late Payment Compensation in West Stowell
Late Payment Compensation in West Winterslow
Late Payment Compensation in Westbury
Late Payment Compensation in Westbury Leigh
Late Payment Compensation in Westwood
Late Payment Compensation in Wexcombe
Late Payment Compensation in Whaddon
Late Payment Compensation in Whiteparish
Late Payment Compensation in Whittonditch
Late Payment Compensation in Wick
Late Payment Compensation in Wilcot
Late Payment Compensation in Willesley
Late Payment Compensation in Wilsford
Late Payment Compensation in Wilton
Late Payment Compensation in Wingfield
Late Payment Compensation in Winsley
Late Payment Compensation in Winterbourne Bassett
Late Payment Compensation in Winterbourne Dauntsey
Late Payment Compensation in Winterbourne Earls
Late Payment Compensation in Winterbourne Gunner
Late Payment Compensation in Winterbourne Monkton
Late Payment Compensation in Winterbourne Stoke
Late Payment Compensation in Winterslow
Late Payment Compensation in Woodborough
Late Payment Compensation in Woodfalls
Late Payment Compensation in Woodminton
Late Payment Compensation in Woodsend
Late Payment Compensation in Wootton Bassett
Late Payment Compensation in Wootton Rivers
Late Payment Compensation in Worton
Late Payment Compensation in Wylye
Late Payment Compensation in Yarnbrook
Late Payment Compensation in Yatesbury
Late Payment Compensation in Yatton Keynell
Late Payment Compensation in Zeals
Late Payment Compensation in BA12
Late Payment Compensation in BA13
Late Payment Compensation in BA14
Late Payment Compensation in BA15
Late Payment Compensation in GL8
Late Payment Compensation in RG17
Late Payment Compensation in SN10
Late Payment Compensation in SN11
Late Payment Compensation in SN12
Late Payment Compensation in SN13
Late Payment Compensation in SN14
Late Payment Compensation in SN15
Late Payment Compensation in SN16
Late Payment Compensation in SN4
Late Payment Compensation in SN5
Late Payment Compensation in SN6
Late Payment Compensation in SN8
Late Payment Compensation in SN9
Late Payment Compensation in SP1
Late Payment Compensation in SP11
Late Payment Compensation in SP2
Late Payment Compensation in SP3
Late Payment Compensation in SP4
Late Payment Compensation in SP5
Late Payment Compensation in SP7
Late Payment Compensation in SP9
Late Payment Compensation in Badbury
Late Payment Compensation in Bishopstone
Late Payment Compensation in Blunsdon St Andrew
Late Payment Compensation in Broad Blunsdon
Late Payment Compensation in Castle Eaton
Late Payment Compensation in Chiseldon
Late Payment Compensation in Coate
Late Payment Compensation in Hannington
Late Payment Compensation in Hannington Wick
Late Payment Compensation in Haydon Wick
Late Payment Compensation in Highworth
Late Payment Compensation in Hinton Parva
Late Payment Compensation in Inglesham
Late Payment Compensation in Liddington
Late Payment Compensation in Nine Elms
Late Payment Compensation in North Wroughton
Late Payment Compensation in Sevenhampton
Late Payment Compensation in Shaw
Late Payment Compensation in South Marston
Late Payment Compensation in Stanton Fitzwarren
Late Payment Compensation in Stratton St Margaret
Late Payment Compensation in Swindon
Late Payment Compensation in Upper Inglesham
Late Payment Compensation in Wanborough
Late Payment Compensation in Wroughton
Late Payment Compensation in SN1
Late Payment Compensation in SN2
Late Payment Compensation in SN3
Late Payment Compensation in SN4
Late Payment Compensation in SN5
Late Payment Compensation in SN6