Employment Lawyers Can Answer Your Employment Law Questions
Hi Salvatore, do you know if the current company is likely to become insolvent at any point soon?
Hi there sorry I was offline by the time you had replied and have only just returned. Before you consider starting legal action you may wish to consider sending a formal statutory demand. This is a legal request which asks the debtor to pay the outstanding debt within 21 days and failure to do so will allow you to bankrupt the debtor (if they are an individual ) or wind up the company (if they are a business). For the relevant forms to serve a statutory demand see here: https://www.gov.uk/statutory-demands/forms-to-issue-a-statutory-demand
You then have the option of either petitioning to wind up the company or to just issue legal proceedings via money claim. Here is no better or worse option really, it depends on the company and its status and it is very difficult to say which one would be preferable here.
So I suggest you issue the statutory demand, see if that resolves the matter and then you may wish to consider one of the final two options you have to take this further.
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