Late payment calculator
Work out what you are already owed.
Act of 1998, s.1 and s.5A
Late payment is not free, and it has not been since 1998. Put your overdue invoices in and see the interest and compensation the law lets you add to each one. Nothing is stored unless you ask us to send it.
Your overdue invoices
Amount and due date
Claimable on top of the invoices
£0.00
Statutory interest at 11.75% a year (3.75% base rate plus the 8 points the Act adds), plus fixed compensation of £40, £70 or £100 per invoice depending on its size.
- Invoices outstanding
- £0.00
- Statutory interest to today
- £0.00
- Fixed compensation
- £0.00
- Total claim
- £0.00
- Growing by, every day
- £0.00
£199 a month for the whole book, or £249 for one stuck debt, refunded if we recover nothing. The interest belongs to you either way.
The breakdown
Per invoice
| Invoice | Amount | Days late | Interest | Compensation | Claim |
|---|
Figures are an estimate for England and Wales, for debts between businesses, calculated on a simple-interest basis from the due date to today. They are not legal advice. If a contract sets a different remedy, or the debt is disputed, the position changes.
Private customers
Different rules apply, so we chase it differently.
The Late Payment of Commercial Debts (Interest) Act is business to business only, so none of the interest or compensation figures on this page apply to a private customer. Chasing a household runs under the Pre-Action Protocol for Debt Claims instead: a prescribed Letter of Claim, an information sheet, a reply form, and thirty days before anything else can happen.
So we run it differently. We chase it for you, in your name, but gently and slowly: at most one contact a week, and you approve every single message before it goes. The moment your customer replies, everything stops until a human has read it.
Homeowner Rescue
£149/debt
- We chase it: reminders, a statement, then a call
- You approve every message before it is sent. Every one
- One contact a week at most, and any reply stops everything
- A Letter of Claim, if it comes to that, goes through a regulated legal partner
- Refunded in full if we recover nothing
We can only take this on where the money was simply not paid, rather than lent: no payment plan, no agreed deferral, no interest or charges added. Three questions at sign-up settle it. The 90-day guarantee is for business debts only.