We have developed the capability to recover Late Payment Interest (LPI), on terms which make recovery a practical possibility for almost any business or professional.
Even in good business relationships, invoices are often not paid on time. This reduces the true value of the work done, in many instances significantly.
Suppliers are left to bear much of the cost of funding their (often much larger) customers' working capital needs.
As acknowledged at both national Government and EU level, paying suppliers late is an unreasonable business practice.
There has often been little or nothing that suppliers have been able to do about this problem. Recovery requires both skills and time that a busy supplier often simply does not have. With Gordian Resolutions however a solution is now available.
What kind of firms or businesses can make an LPI claim?
We can help virtually any business that has supplied goods or services under a commercial contract in the last 6 years. This is irrespective of the size of either the supplier or the customer, or the value of the goods or services supplied.
When can LPI be claimed?
LPI can be claimed on any invoice that has been paid late;
‘late’ means both:
01. After the due date agreed in the relevant contract, AND
02. Where the contract is silent, after 30 days.
What kinds of agreements are covered?
Generally any invoice for the supply of goods or services, made in the last 6 years.
What should I expect to recover?
We would expect to pay to a client 100% of all late payment interest recovered, plus a bonus agreed at the outset.
What is Gordian Resolutions role in relation to my late payment claim?
There are a large number of components to the service we provide:
- First and foremost, Gordian Resolutions has the skill, experience, and expertise to secure significant settlements.
- Processing and evaluating claims can often involve a significant amount of expensive data assembly and analysis. Gordian Resolutions pays for all of this from its own resources. We have specially developed extraction techniques, which enable us to carry out detailed analysis of all late payment data.
- Significant data management is also normally involved. Again, we organise and pay for this.
- Customers can often be substantial organisations with substantial resources. These can be employed to resist claims, resulting in significant cost risk. We have the expertise to take that risk on your behalf.
- Recovery costs must always be funded upfront, often before a customer admits liability. We incur this expense, but we never ask clients to contribute to it.
- Gordian Resolutions will conduct, free of charge, a full analysis of all possible claims a client may have. Having done this, we will provide a comprehensive evaluation of likely quantum, and the likely chances of success. Then, if instructed to proceed, we will run the claim entirely at our own cost and risk.