Specialists in the collection of business to business debts
0117 370 4236

Legislation

photo (gavel and uk flag) In our correspondence with debtors we will make reference to specific Acts of Parliament or Statutory Instruments.  The list below links direct to the relevant Act of Parliament, Statutory Instrument etc on a gov.uk or European Parliament website.

   Late Payment of Commercial Debts (Interest) Act 1998
   The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No 3) Order 2000
   The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No 4) Order 2000
   The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No 5) Order 2002
   The Late Payment of Commercial Debts Regulations 2002
   The Late Payment of Commercial Debts (Rate of Interest) (No 3) Order 2002  (This sets the interest rate)
   The Late Payment of Commercial Debts (Scotland) Regulations 2002
   The Late Payment of Commercial Debts (Rate of Interest) (Scotland) Order 2002
   The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No 6) (Scotland) Order 2002
   Directive 2000/35/EC of the European Parliament
   The Late Payment of Commercial Debts (Rate of Interest) (Scotland) Order 2002
   The Late Payment of Commercial Debts Regulations 2013 (SI2013/395)
There are a range of statutory requirements on business to provide and to display information on the ownership of the business, including:
   Companies Act 2006, sections 1202(2), 1201 and 1205(3)
•   The Electronic Commerce (EC Directive) Regulations 2002 (SI2002/2013)
•   The Companies (Trading Disclosures) Regulations 2008 (SI2008/495)

 

Other useful links:
   Bank of England official bank rate
   Cheque clearance calculator

 

UK £20 & £10 notes£20 notes

Before contacting debtors we will calculate additional charges in accordance with the above.  These are statutory charges and must be paid before a debt is considered as satisfied.

Legislation images

 

 

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