The life blood of any business, particularly in the present challenging economic landscape, is a steady and predictable cash flow. Invoices getting paid on time is not just a matter of good practice, it is often critical to a company’s financial health. At Millar McCall Wylie, we understand this necessity, which is why our dedicated team of legal professionals are here to assist you in recovering what your business is owed, efficiently and effectively.

A Commercially Minded Legal Team

Our litigation team brings a wealth of experience across a broad spectrum of industries. We combine legal expertise with a deep understanding of the commercial realities which affect your business. Whether you operate in construction, retail, professional services, or manufacturing, we are well-versed in the sector-specific regulations and contractual frameworks that govern payment obligations.

We can advise on and enforce your rights under relevant legislation, including the Late Payment of Commercial Debts (Interest) Act 1998, and help you interpret any contractual terms that may affect your entitlement to interest or compensation.

Proactive Recovery Strategies

When payment delays occur, swift action is often the key to a successful recovery. Our team can assist with:

• Issuing formal letters before action (Pre-Action Protocol letters);
• Negotiating settlements or payment plans;
• Initiating court proceedings;
• Presenting statutory demands;
• Petitioning for the winding up of debtor companies where appropriate.

We will always assess the commercial viability of each option and guide you through the risks and benefits of every step. Taking early legal advice can significantly improve your chances of recovery and reduce the risk of writing off bad debt.

Interest and Compensation on Overdue Invoices

If an invoice remains unpaid for more than 30 days, you may be entitled to claim statutory interest (the current rate is 8%), compensation, and reasonable recovery costs. Alternatively, if your contract specifies a different rate of interest, we can help you enforce those terms. These additional sums can be a powerful incentive for debtors to settle quickly.

Acting for Debtors

We also act for clients who find themselves on the receiving end of a disputed invoice. If you believe an invoice is incorrect, unjustified, or inflated, we can help you challenge it. Prompt legal advice can prevent interest from accruing and protect your position while a resolution is sought.

Get in Touch

Whether you are seeking to recover a debt or defend against an unjustified claim, our team is here to support you. Contact Millar McCall Wylie today to speak with one of our commercial litigation specialists.