Frequently Asked Questions
Everything Insolvency Practitioners ask us before getting started.
The basics
What is PLR Collections?
PLR Collections provides a marketing and pre-qualification service that identifies potential recoveries hidden inside the Paid Sales Ledgers of business clients — most commonly, companies in liquidation. We find the claims; you decide whether to pursue them.
What exactly are we claiming?
Statutory compensation and interest owed under the Late Payment of Commercial Debts (Interest) Act 1998, on any invoice the company issued that its own customer paid late. This applies to invoices settled up to six years before your appointment as Insolvency Practitioner.
Does this right survive insolvency?
Yes. The right to claim late payment compensation and interest is an asset of the company and transfers to the estate. Because there’s no ongoing trading relationship to protect with these former customers, it can typically be pursued without the commercial sensitivity that comes with chasing live debtors.
Cost and value
What does the initial analysis cost?
Nothing. We review the sales ledger and provide an indicative report of likely recoverable value at no cost and no obligation. You only decide whether to proceed once you can see the numbers.
How much compensation can be claimed per invoice?
Fixed compensation is set by invoice value: £40 per invoice up to £999.99, £70 per invoice between £1,000 and £9,999.99, and £100 per invoice for £10,000 and over — on top of statutory interest at 8% above the Bank of England base rate, calculated from each invoice’s due date to the date it was paid.
How many invoices does this usually involve?
It varies by business, but companies with meaningful invoice volumes typically show somewhere between 1,000 and 7,000 late-paid invoices across the six-year window. Reasonable additional costs of recovery can also be claimed alongside the compensation itself.
How is any recovery split?
This is case specific and subject to separate agreement.
The process
What do I need to provide to get started?
Access to the company’s accounting records is ideal, but not essential — where records are incomplete, our analysis team can work from whatever hard-copy or exported reports exist.
How long does the initial report take?
Typically a matter of days from receiving access to the ledger, so you can see the likely recoverable value quickly and without tying up your own team’s time.
Who actually contacts the former customers?
We do, through our panel of instructed solicitors — never in your name or the insolvency practitioner’s name. Any legal process required to recover a claim is also handled through that same panel.
Do I stay in control of which customers are pursued?
Yes. If there’s a former customer whose cooperation you need to preserve for other reasons connected to the insolvency, just flag it and that invoice or customer is excluded from the exercise.
Still have a question?
Get in touch and we’ll walk you through exactly how it would work for your case.