Introduction

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.

That’s how latepaymentaction.com was born.

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:

These acts protect businesses from untimely payments from the public sector. 

A late payment compensation calculator allows your business to estimate how much your business can claim back. That way, you can decide if it’s worth proceeding.

Under the Late Payment Compensation Act, you can claim anywhere from  £40 to thousands of pounds, depending on the amount payable and the number of late invoices. 

Related content: How is my business protected from late payments in the UK?

How To Use A Late Payment Compensation Calculator 

At latepaymentaction.com, we advocate for fairer business practices and more accessible information surrounding legislation.

That’s why we offer a free late payment compensation calculator.

It’s quick and easy to use, allowing you to calculate how much compensation your business can legally claim for delayed payment.

Here is a step-by-step guide on how to use our calculator:

  1. Open the calculator: Simply click here to access the calculator
  2. Enter some essential details – it’ll only take a few minutes!
  3. An estimate of the amount you can claim will pop up on the screen

Based on the results, you can decide if you want to go ahead with a late payment compensation claim.

The next step is to use our free eligibility checker.

Once you’ve confirmed your eligibility to claim, our experts can navigate the complex process on your behalf. All you have to do is start the claims process, and we’ll do the rest.

Importantly, we work on a no-win, no-fee basis for total peace of mind.

You may also like: Is There a Time Limit for Claiming Late Payment Compensation in the UK? 

See how much you can claim today →

Get Compensation For Late Payment Today

Since our journey began in 2023, we’ve helped hundreds of British businesses claim compensation for the impacts of delayed payments. 

And we’re just getting started.

We’re passionate about creating fairer business practices for small business owners. If you are too, join us on our journey. 

The first step is checking if your business is entitled to make a claim.

See if you’re eligible for compensation

legislation against late payments in the UKHow Is My Business Legally Protected From Late Payments in the UK?