Under the Late Payment of Commercial Debts (Interest) Act 1998 Hadley Capital provides a FREE OF CHARGE service that allows businesses to claim Late Payment interest at 8% over the Bank of England base rate together with Late Payment Compensation of up to £100 per invoice. Few businesses are aware that the legislation applies retrospectively, allowing claims to be made for any invoice paid late in the past six years (five years in Scotland). For some of our clients’, that has equated to several thousands of pounds of additional, and unexpected, funding for their business.
Invoices that are not paid on time can really affect your businesses cash flow negatively, especially those running a small business with under 10 staff (according to the Insolvency Service microbusinesses with under 10 staff, spend 19 working days chasing late invoices).
Here at Hadley Capital, we understand the strain unpaid or overdue invoices put on your business. It could force you to use expensive bank overdrafts or even bank loans. We believe it should not be acceptable that businesses have to pay the costs when they have provided the services to their clients. We have helped multiple businesses recover their money, with our effective but non-intrusive techniques.