Do you know how much you can legally claim back from your debtors?
Making the decision to outsource your debt recovery to a 3rd party can be daunting. You may wonder what we actually do differently from your own credit control process.
Credit Management Magazine Jan/Feb 2018 - Lynne Darcey Quigley speaks about Commercial Debt Recovery and How the Industry is Unregulated.
This month DQ featured on the most recent issue of the Credit Management Magazine. Company owner Lynne Darcey Quigley was interviewed giving her views on the commercial debt recovery industry and how it is unregulated. We are currently undertaking the application process to be regulated by the FCA, although it is not a legal requirement unlike the consumer market. Lynne has chosen to undergo...
It is safe to say that many of us spared a thought yesterday for the 40,000 Carillion staff across the globe who look likely to lose their jobs and livelihood. The company announced that it was going into liquidation rather than administration, meaning that there is little value left in the company. Undoubtedly the staff and all of the company’s sub-contractors will be the worst affected with...
Age of Invoice: 563 days old
Principal Sum - £5,970.88
Interest, Compensation and Reasonable Costs - £1,637.52
Days to recover: 14 days
Client – Digital regulatory information, consultancy and training company V Debtor – Shipping Company
We were instructed to recover a commercial debt against a shipping company for a principal sum of £5,970.88. Under “The Late Payment of Commercial Debts...
Age of Invoice: 126 days old Principal Sum - £9,321.60 Interest, Compensation and Reasonable Costs - £844.97 Days to recover: 10 days
Client – Insulation Contractor v Debtor – Electrical Contractor
Principal Sum - £9,321.60 – Interest, Compensation and Reasonable Costs - £844.97
We were instructed by a new client in July 2017 to recover a commercial debt against an electrical contractor who...
Age of Invoice: 60 days old Principal Sum - £41,374.60 Interest, Compensation and Reasonable Costs - £2,068.73 Days to recover: 17 days
Client – Interior Design Company vs Debtor – Construction Company
Principal Sum - £41,374.60 – Interest, Compensation and Reasonable Costs - £2,068.73
On April 2016 we were instructed by an interior design company to recover a commercial debt against a...