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Elec board complaint - offered goodwill compensation & no acceptance of liability

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HLM
HLM Posts: 2 Newbie
I recently sent a letter of complaint to my electricity board (not supplier) and have received an apology for inconvenience and a small offer of compensation. The cheque is in the post. I want to reply as I am not happy with their written response and they deny any liability. If I receive their cheque is this acceptance of their first gesture? Can I say I accept the money without prejudice to further correspondence?
Many thanks.

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