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What rights do UK businesses have when it comes to late payments - Lovetts available for expert comment

Late Payment – exactly what rights do UK businesses have?

And how can they use their rights without it costing an arm and a leg?

Expert media comment available from Lovetts

With over 20 years in commercial debt recovery legal firm Lovetts’, MD Michael Higgins or Chairman, Charles Wilson can comment on:

The rise in debt levels being seen amongst UK businesses – the number of CCJs being issued against UK business has risen for the first time in 3 years How businesses should be exploiting changes to the Late Payment of Commercial Debts (Interest) Act 1998 (‘Late Payment Act’) to make the debt recovery process completely free The key steps businesses should be taking to protect themselves from a debt cycle – one company stalling on payment because they haven’t been paid… How firms can get over the fear of upsetting customers and damaging client relationships A little known fact that if a past or current customer has consistently paid you late, the supplier can recover compensation and interest retrospectively on every invoice paid late going back 6 years. Recovery of debts owed to NHS Hospitals from overseas patients - a result of changes to the way overseas visitors who need healthcare while in England are charged for using the NHS, announced in February 2015.

About Lovetts

Lovetts is a specialist debt recovery litigation and dispute resolution firm with 20 years’ expertise in advising credit managers on the best strategy for their cases to ensure that costs are kept to a minimum.

Spokespeople

Michael Higgins - Managing Director - Solicitor

Michael joined Lovetts in February 2007 having obtained a Law degree at Westminster University. He quickly took responsibility in the Legal Department for a number of major clients, whilst studying to qualify as a solicitor at the nearby College of Law Guildford. He then joined the Commercial Litigation team and was admitted as a solicitor. Michael’s years of paralegal practice with Lovetts gives him a very practical and in-depth knowledge of debt recovery. His main goal is always to collect money for his clients as quickly and as cost effectively as possible! In 2012, Michael joined Lovetts’ management team, with responsibility for the Commercial Litigation Department. In 2014, Michael joined the Lovetts board as Operations Director overseeing the effective management of work handled by the Legal, PreLegal and Commercial Litigation Departments, working closely with the managers in these areas. In 2015, Michael was appointed Managing Director with a clear emphasis on continuing the Lovetts ethos of innovation and cost effective debt recovery.

Charles Wilson - Chairman - Solicitor

Whilst graduating with an Honours degree in Business Marketing, Charles worked for a number of US and UK companies in the early 1970s before changing careers in 1974 to begin training as a solicitor. He served his Articles with a specialist London Agency law firm opposite the High Court in London. He qualified as a solicitor in 1977 specialising in civil litigation. After four years post-qualification experience, Charles established his own practice in 1981 and since then has practised in civil litigation and debt recovery. Since 1993, he has concentrated on leading and managing Lovetts as a niche law firm, serving a national market place of credit and finance professionals. Charles is a Fellow of the Chartered Institute of Credit Management, and past chairman of the Sussex & Surrey Branch. He is a member of the Institute of Directors and a member of the Law Society.

Please click on the link below to view accompanying photography which you are welcome to use

Charles Wilson, Chairman Lovetts

Michael Higgins, Managing Director Lovetts

Notes to Editors

Lovetts Ltd is one of the UK’s leading law firms whose sole line of business is the recovery of overdue debts and any commercial litigation resulting from debtor/creditor agreements.

Through this specialism and over 20 years in the debt collection industry, Lovetts has developed industry leading software for the efficient management and prompt recovery of debts, both in the UK and overseas.

For further press information please contact Alison Reeson or Cecile Stearn at HSL on 0208 977 9132 or email lovettsteam@harrisonsadler.com

Cecile Stearn HSL | Senior Account Director

St James House, 9-15 St James Road, Surbiton, Surrey KT6 4QH.

Telephone: 020 8977 9132 Website: www.harrisonsadler.com

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This was posted in Bdaily's Members' News section by Charles Wilson .