Debt collection: Hastings & Co recover £20,000 for building subcontractor

We recently acted for a subcontractor that was owed in the region £20,000 by a major building contractor. There were various unpaid invoices going back 12-18 months.

Upon being instructed we immediately issued a claim in the County Court. We did not need to send a warning letter as the debtor had already had sufficient warning. Within 28 days our client was in receipt of a cheque that was sufficient to cover the full value of the debt. together with late payment interest at the rate of 8.5% per annum. In addition, we recovered the court fee and sufficient compensation pursuant to the Late Payment of Commercial Debts (Interest) Act 1998 to cover our costs.

Hastings and Co Solicitors specialise in debt collection and litigation. Call 01245 835 305 for a consultation without any obligation.

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