2 min read
Under the Late Payment of Commercial Debts Act you can charge statutory interest at base rate + 8%, plus fixed compensation (£40 / £70 / £100 by invoice size).
How to use it
Enter your figures above — the result updates instantly and nothing leaves your browser. Results are illustrative, not a quote, tax computation or credit decision.
Frequently asked questions
Where do the fixed sums come from?
Under the Late Payment of Commercial Debts legislation you can claim a fixed sum per invoice: £40 for debts under £1,000, £70 for £1,000–£9,999.99, and £100 for £10,000 or more — on top of interest at the Bank of England base rate plus 8%. Figures are illustrative.
Is this a quote?
No — it's a free illustration. Your actual Credicorp offer depends on an assessment of your company.
Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.