Introduction

Have you considered seeking recourse for untimely payments from the public sector?  Under UK law, your business could claim thousands in compensation. However, many suppliers don’t use this benefit because they don’t understand the late payment compensation claim process.

This article underscores what late payment compensation claims are, how the process works, and what best practices to follow. So your business can claim what it’s owed.

What Is a Late Payment Compensation Claim?

A late payment compensation claim is a legal process where UK businesses can seek compensation for delayed payments from the public sector. This compensation is to cover the impact of late payments on business operations.

Under this legislation, public bodies and contracting authorities must pay undisputed invoices within 30 days of receiving them. Failure to do so can result in compensation and legal action. The goal of late payment compensation claims is to protect suppliers to the public sector and hold bodies accountable.

💡 For a more detailed overview, check out our comprehensive guide on late payment compensation claims.

How the Late Payment Compensation Claim Process Works

The process of claiming late payment compensation can be daunting and requires detailed knowledge of UK legislation. However, that shouldn’t put you off.

At latepaymentaction.com, we have created a simple, four-step process to help you get compensation without the hassle. Plus, our no-win, no-fee policy means you can make a claim with zero risk to your business.

Here’s how the late payment compensation claim process works.

Discover the full claim process →

Best Practices For Making a Late Payment Claim Against the Public Sector

Navigating the ins and outs of late payments and the claims process can be a challenge. Fortunately, these best practices can help you to avoid future delays in payment and take action.

1. Do your research

Nobody expects you to learn all of the legislation around the public procurement process. That said, having a brief idea of the relevant laws and your rights is essential if your business works with the public sector.

You can find answers to common questions on our FAQ page and free resource hub. We also provide brief overviews of the relevant UK legislation in simple, understandable terms.

2. Work with a late payment claims specialist service

The best way to save yourself a lot of time is to work with a public sector late payment specialist. This will take the guesswork out of the process and give you peace of mind. That way, you can focus on your daily business operations. 

Latepaymentaction.com is an expert team of industry experts that handles the full claim process on your behalf. Our specialists will take the reins, working on your behalf to get you the compensation you deserve. Plus, our expertise ensures the best possible outcome for your business

Find out more about the benefits of working with late payment claims specialists.

3. Document everything

Thorough bookkeeping is key so that, in the event of a late payment, you have the relevant evidence to support your claim. For this reason, we recommend keeping thorough records of all invoices, payment terms, and communications related to late payments. 

4. Make sure your invoices are correct

Did you know that incorrect invoices are one of the most common reasons for late public sector payments? As such, ensuring your invoices are complete, accurate, and submitted on time is essential.

📈 For more advice on how to prevent delays, browse our guide on ensuring timely payments from the public sector.

Start Your Claim Today

The late payment compensation claim process is complex. As a result, many British businesses lose out on thousands of pounds every year that they are legally entitled to. UK law stipulates that businesses that receive payments outside of the thirty-day grace period (from sending an undisputed invoice) can claim compensation. Unfortunately, few businesses know about this or where to start with the claims process.

Have you received late payments from the public sector? If so, you may be entitled to compensation. Our specialist team can assist you in making a late payment compensation claim, so you can reclaim the money you deserve. As one of the leading companies that manage late payment claims in the UK, you know you’re in good hands.

Try our free Eligibility checker today to see if you qualify to claim. 

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