Problem: Unpaid Debt of £54,000
Our client, a subcontractor in the construction industry, was owed £54,000 for completed works under a final account agreement. Despite several attempts to obtain payment, the debtor delayed unreasonably, raising unsubstantiated contra charges that had no basis in the original contract. With mounting financial pressure, our client sought immediate legal assistance to recover the debt.
Our Solution: Issuing a Statutory Demand
We reviewed the circumstances and quickly issued a statutory demand against the debtor. Our legal team ensured that the demand was meticulously prepared, highlighting:
- The clear breach of contract due to non-payment of an agreed final account.
- The debtor’s failure to issue a valid pay less notice under the Construction Act 1996.
- A warning that failure to respond would result in a winding-up petition, triggering serious insolvency implications for the debtor.
This decisive approach placed significant pressure on the debtor to act quickly.
Outcome: Full Recovery of Debt, Interest, and Costs in 5 Weeks
Our legal strategy worked as intended. The debtor, fully aware of the potential consequences of ignoring the statutory demand, complied within 5 weeks, settling the outstanding sum of £54,000 in full. Additionally, we secured interest on the amount owed and recovered our client’s legal costs, ensuring they faced no financial loss in the process.
Our client was extremely satisfied with the result, noting the speed and professionalism of our team in resolving what had been a protracted payment dispute.
“Swift, thorough, and highly effective. The team’s expert handling of our case ensured that we recovered the full amount owed, plus interest and costs, without the need for drawn-out litigation.”
Why Choose Us?
Our insolvency and debt recovery specialists have a proven track record of success. Whether you’re owed substantial sums or facing non-payment issues, our team combines legal expertise with practical solutions to recover debts swiftly and efficiently. We act quickly to minimise financial impact and protect your interests.
Contact us today for a Free Consultation at 0207 459 4037, or use our online booking form to speak with one of our expert lawyers. Don’t let unpaid debts disrupt your business—let us help you recover what you’re owed.
