Did you know that UK law entitles businesses to claim late payment compensation from the public sector? Find out if you can make a claim.
Cash flow is vital for the long-term success of any business. As such, getting paid on time is essential. Even just one late payment can impact your business and cause you to enter into an insolvency process.
Fortunately, UK law has specific laws and regulations surrounding late payment compensation. These regulations protect suppliers to the public sector, enabling your business to make a claim to compensate for the impact of the delayed payment.
Despite clear legislation on the topic, many businesses don’t know that they can claim compensation for late public sector payments.
Under the Act, a business can claim compensation for every invoice that is paid late and outside the agreed payment terms. This is provided that the invoice is undisputed and the public sector body pays outside of the allotted 30-day period.
These are specialist services that can navigate the complex claims process on your behalf. That way, you can claim compensation without spending time and resources researching the relevant legislation.
Thanks to our experts, getting compensation for late public sector payments is easier than ever. We leverage our years of experience to work on your behalf, so you can get the money you deserve with no hassle.
All you have to do is follow our simple four-step claims process:
As a leader in the late public sector payments field, we deliver consistently excellent results. Our highly-trained team of experts have extensive industry knowledge and are up-to-date with the latest in UK legislation. Here are just some of the reasons to choose latepaymentaction.com:
latepaymentaction.com is a trading style of Nobu Statutory Ltd, a private limited company incorporated in England and Wales, whose registered number is 14408762, and registered address is Quarry Cottage, Swincliffe Top, Hampsthwaite, Harrogate, HG3 2HY.