Debt Collect Case Study - P Harrison & Co Ltd

News

14 October, 2014

Forbes Solicitors Debt Collect Team recently acted for P Harrison & Co Limited, a supplier of quality tyres and lubricants to farmers, hauliers and the general public.

They instructed Alison Nelson to collect a debt from Andrew Page Limited who owed P Harrison & Co Limited for 38 outstanding invoices totalling an amount of £6,867.39. An initial pre litigation letter was sent and as no response was received the next step was to issue County Court Proceedings on behalf of P Harrison & Co Limited.

Once the claim was issued the debt increased to £8,998.97 which was made up of -

Initial debt £6,867.39
Court fee £455
Solicitors fee £110
Interest £216.58
Late payment compensation charge £1350
TOTAL £8,998.87

As this was a business to business debt which meant the client was entitled to claim Interest at the rate of 8% above base rate (which is currently 0.5%) and Late Payment Compensation on each individual invoice outstanding under the Late Payment of Commercial Debts Regulations 2013.

Our client P Harrison & Co Ltd then received £7,064.95 which left a balance of £1,785.73 to pay. As this final balance was not paid default judgment was entered for £1,815.73 which included the £30.00 fee to enter judgment.

To see how the Forbes' Debt Team can help you please call 0800 689 0831 or email Alison Nelson

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