Tools
Commercial late payment calculator.
An indicative figure for interest and fixed compensation on an overdue commercial invoice, with the assumptions made visible.
Tools
Commercial late payment calculator
An indicative calculation of interest and fixed compensation on an overdue commercial invoice. It is a starting point for a conversation, not a demand you should send.
Indicative position
Enter an invoice amount and a payment due date to see an indicative figure.
For guidance only. Entitlement depends on the contract, transaction and circumstances. Figures should be checked before being demanded from a debtor.
Where the statutory scheme applies and has not been displaced, interest on qualifying commercial debts can be calculated at 8% above the Bank of England base rate, and fixed statutory compensation may also potentially apply. This tool uses a base rate of 4.75% — [INSERT VERIFIED CURRENT BANK OF ENGLAND BASE RATE]. Where your contract provides a substantial remedy for late payment, the statutory implied term may be displaced.
Instruct us
You have already done the chasing.
Now hand the matter to specialists.
Send us the outstanding account, supporting documents and a brief history of what has happened. We will assess the position and explain the appropriate recovery route.
[INSERT VERIFIED TELEPHONE NUMBER]
Confidential. Commercial. Professionally managed.