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Late Payment of Commercial Debts (Interest) Act 1998

Turn an overdue invoice into a demand the client can't argue with.

Global Halo calculates the statutory interest and compensation you're owed, then drafts the chase that claims it — plainly, and to the day.

What this invoice is really worthfree tool
£
Total owed today
£4,000.00
accruing+ £1.29 / day
Principal outstanding
£4,000.00
Statutory interest11.75% / yr · 47 days
+ £60.52
Fixed compensation
+ £70.00
Draft the email that claims this

Live estimate as of 17 September 2026. Sample figures — your numbers replace them.

Calculate what you're owedSee how it works

The interest is yours by law — no clause in the contract required. Global Halo never touches the money; your client pays you directly.

One thread, from quote to paid

The chase writes itself, and it states the figure plainly.

Every overdue invoice becomes a demand your client can read, check and settle — the interest and compensation the law already grants you, worded to the day.

Chase 2— ready to send
sample draft
To
accounts@kentishbuilders.co.uk
Subject
Invoice 2043 — now 47 days overdue

Dear Kentish Builders,

Invoice 2043 for £4,000.00 was due on 1 August 2026 and is now 47 days overdue. Under the Late Payment of Commercial Debts (Interest) Act 1998, the amount owed today is set out below.

Principal£4,000.00
Statutory interest (11.75% / yr)£60.52
Late payment compensation£70.00
Total owed today£4,130.52

The balance rises by £1.29 each day it stays unpaid. Please pay to the account shown on the invoice.

Priya, Meridian Studio

Sent with Global Halo

The clause is already in the contract

Your client signs a contract that names the statutory-interest terms up front — signed in the browser, no account for them.

Interest runs while they delay

The figure is never stale. It is recalculated to the day it is read.

+ £1.29
every day, on this one invoice

Global Halo never touches the money. Your client pays you directly, into your own account. It is the paperwork and the pressure — never a debt collector, and never a cut of what you are owed.

The chase sequence

Four emails, each drafted on the day it is due.

You approve each one before it sends. The pressure escalates on its own; you never have to find the words.

  1. Day 1

    The first chase

    The moment an invoice is overdue, the draft is ready — the amount, the days late, the interest so far.

  2. Day 7

    A firmer reminder

    The same figures, restated, now with a week of interest added. Plain, and on the record.

  3. Day 14

    Notice of escalation

    The client is told, in writing, what happens next if the invoice stays unpaid.

  4. Day 30

    Letter before action

    Every chase already sent is listed as evidence, with the total and a 14-day deadline. A template, not legal advice.

Why it works

The lever is already in UK law. Almost no one pulls it.

A better-looking PDF does not get you paid. A client who reads a correct, dated figure understands you keep records — and that is the deterrent.

£22,000
the cost of late payment to an affected UK business each year
FSB / GoCardless
63%
of firms spend real, unpaid time chasing overdue invoices
FSB / GoCardless
£26bn
sits outstanding in unpaid invoices at any one moment
Small Business Commissioner
11.75%
statutory interest you can claim today — base rate plus 8%
Late Payment Act 1998
Pricing

Paid once. Yours for good.

Your first deal — proposal, contract, invoice and a real chase sent — is free. You will see a chase go out before you pay a penny.

No subscription. No per-invoice fee. No cut of the money you collect.

Lifetime licenceone payment
£79once, not every month
  • Unlimited clients, deals and invoices
  • The full chase sequence, up to the letter before action
  • Proposals and contracts with the statutory clause built in
  • The free calculator, forever, for anyone
Start with your first chase, free

Fair-use drafting allowance included; top-up packs available for heavy years.

Questions owners ask

The things you want settled before you send.

Can I really charge interest without a clause in my contract?

Yes. Under the Late Payment of Commercial Debts (Interest) Act 1998, any overdue B2B invoice accrues statutory interest at the Bank of England base rate plus 8%, currently 11.75% a year, plus fixed compensation. No contract clause is required.

Do you take a cut of what I collect?

Never. Global Halo does not touch the money and does not collect on your behalf. Your client pays you directly, into your own account. It is the paperwork and the pressure, not a debt collector.

Will this damage the relationship with my client?

The wording is calm and businesslike, not a threat. It states the figure, the date and what happens next. Most clients read a precise, recorded demand as a supplier who keeps good records — which is the point.

Is this legal advice?

No. Global Halo is not a firm of solicitors and does not give legal advice. It drafts documents from the Act and its figures. The letter before action is a template; the step beyond it is the money claim service or a solicitor.