Letter of Claim
If your invoices are not being paid, use our commercial debt collection services to recover your bad debt.
The Letter of Claim is the first step in our business debt recovery service to chase payment, and recover your bad debt. This service costs only £10.00 (+VAT) and can be started immediately by using our Letter of Claim form.
Letter of Claim case study
This case study shows the sequence of events and costs involved if a debt is settled after sending a Letter of Claim.
A small business was approached to supply to a local event.
The order was fulfilled and an invoice was sent totaling £500.00.
After failing to receive payment and exhausting all avenues of communication, the owner decides to seek further assistance, and involves the Pengillys Midas Corporate Debt Recovery Service.
Pengillys assign their debt recovery team, and start the process of transforming the bad debt back into real cash. A Letter of Claim is drafted and sent to the debtor, which leads to the debtor paying in full.
Example amount recovered after Letter Of Claim
| Debt due to you: | £500.00 |
| Less: our costs: | £10.00 |
| Less: VAT | £1.75 |
| Net benefit to you: | £488.25 |
In the event the Letter of Claim does not lead to payment, a court summons may be issued, as highlighted in the next case study.
All situations are hypothetical.
