Calculate your statutory interest, fixed compensation, and total debt under UK law — in seconds.
If your client service agreement doesn't have a late payment clause, you may be leaving even more money on the table — every month, on every contract. Clavico finds every gap and tells you exactly what it's costing you.
Scan your contract free → getclavico.com/scan No subscription required · Results in under 3 minutesUK law entitles businesses to claim statutory interest on late B2B payments at 8% above the Bank of England base rate, plus fixed compensation of £40 (debts under £1,000), £70 (£1,000–£9,999.99), or £100 (£10,000+). Interest runs from the day after the payment due date. This applies automatically — you don't need a late payment clause in your contract to claim it, but having one makes it easier to enforce.