Business-to-Business (B2B) Debt Recovery
Unpaid invoices can place serious pressure on your business. Woodside Debt Recovery provides an effective and professional service to recover money owed by other businesses and helping you maintain healthy cash flow and focus on your operations.
Our experienced team manages the full recovery process, from the first Letter Before Action to potential enforcement where required. We always prioritise swift, amicable resolution, but are fully prepared to escalate if necessary.
Under the Late Payment of Commercial Debts (Interest) Act 1998, you may recover:
- Statutory interest on the overdue amount (currently 8% above the Bank of England base rate)
- Statutory compensation per invoice - a fixed amount depending on the size of the debt
- Reasonable debt recovery costs - additional costs incurred in recovering the debt if necessary
At Woodside Debt Recovery, we apply these provisions where appropriate, aiming to make the recovery process as cost-neutral as possible for you. In many cases, the debtor ultimately pays the principal debt plus interest, statutory compensation, and recovery costs, meaning you recover what you are owed without extra expense.
Why choose Woodside for B2B debt recovery:
- Transparent, results-driven process
- Recovery of interest, statutory compensation, and additional costs where applicable
- Commercially aware and professional communication
- Protection of business relationships where possible
- Over 10 years’ experience recovering B2B debts
Let us help you recover what’s rightfully yours - quickly and efficiently