Missed Out On Compensation?
Did you know that even if an invoice has been fully paid, you may still be entitled to claim compensation and additional interest? If payment was received after the due date of an invoice then you could still claim £40 to £100 compensation per invoice. By issuing one of our Late Payment Demands we could recover money that you didn’t even know you were owed.
We recommend that you review your old invoices and see which ones were paid late. Your invoices may have been paid in full, but did you claim compensation for late payment? Under the Late Payment of Commercial Debts (Interest) Act 1998 you are entitled to claim compensation and interest at 8% above the Bank of England's base rate on each of your late paid invoices. If you're concerned about the costs of claiming compensation, you need not worry, because if you issue a Late Payment Demand through Thomas Higgins Limited then you can also recovery the legal costs involved, meaning that you can claim compensation and additional interest for free if your claim is successful.