What Is A Late Payment Compensation Calculator And How To Use One?
52% of UK businesses received late payments in 2022, significantly impacting cash flow, operations, and resource allocation. And while British legislation protects businesses from these effects, many local organisations simply don’t know it exists.
After witnessing these struggles firsthand, a small group of multi-disciplinary professionals decided to take action.
They banded together to support businesses throughout the claims process.
Our mission is to empower UK businesses to claim the compensation they rightfully deserve.
We leverage our legal expertise and negotiation skills to help you navigate the complex claims process and achieve optimal results. Keep reading to learn about our free late payment compensation calculator and how to use it.
What Is A Late Payment Compensation Calculator?
A late payment compensation calculator (or interest claim calculator for late payment of debt) helps UK businesses estimate how much compensation they are entitled to for delayed payments.
Two important pieces of UK legislation govern late payment compensation:
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.