Late invoices cost them money now, not you.
UK law lets your business charge 8% plus Bank Rate interest and £40 to £100 compensation on every late B2B invoice. Almost nobody claims it. Latefee works out what you're owed to the penny and sends the chasers for you.
Example: INV-1031, 52 days late
A friendly nudge
A polite reminder goes out from your business name, with your payment details. Replies come straight to you.
The interest notice
Latefee tells them exactly how much statutory interest and compensation they now owe, and offers to waive it if they pay this week.
Final notice
A firm letter with the full total and a 14-day deadline before you take it further. You can pause chasing on any invoice.
Pricing
One recovered compensation fee covers months of Pro.
Pro
- Unlimited invoices
- Import unpaid invoices from Xero and QuickBooks
- Invoices marked paid automatically when clients pay
- Chasers sent automatically on schedule
- Send any chaser with one click
- Pay-online link in every email
- Full chase history
Is this really allowed?
Yes. The Late Payment of Commercial Debts (Interest) Act 1998 gives businesses the right to statutory interest at 8% above the Bank of England reference rate, plus fixed compensation of £40, £70 or £100 depending on the debt. It applies to business-to-business invoices where your contract doesn't set its own late-payment terms.
Latefee is a calculation and chasing tool from HaidurQureshi Ltd, not a law firm. For large or disputed debts, talk to a solicitor.