Quantify the DSO impact of slow payment.
Calculate statutory interest plus fixed compensation under the Late Payment of Commercial Debts (Interest) Act 1998. B2B and public-sector debts only.
Verdict
Statutory interest at BoE base + 8pp on the principal across days overdue.
Analysis
Fixed compensation tier per S5A of the 2013 Late Payment Regulations.
Speed
Result in under 60 seconds, no email, no account required.
Three steps to a statutory figure
No sign-up. No credit card. Just the data you need.
Enter overdue invoice
Invoice amount, the original due date, and today's date, that is all.
We apply 1998 Act
Statutory interest at BoE base plus 8% is calculated with the correct compensation band.
See total recoverable
A single recoverable figure with interest, fixed compensation, and the statutory basis.
Statutory Calculator
Enter your overdue invoice details below.
Automate your credit control?
CrowCash automates the entire recovery process: from statutory demand generation to legal filing, all within the 1998 Act framework.
BoE base + 8%, fixed compensation
What you'll see in the result.
Statutory Interest
Calculated to the day using the Bank of England base rate in force on the due date plus 8%.
Compensation Band
The fixed £40, £70, or £100 compensation tier defined by the 1998 Act based on debt size.
1998 Act Basis
A formal statement of the statutory basis for your claim, ready for your collection letter.
Free Tool vs Full Product
Free Tool
- ✓ Single-invoice interest check.
- ✓ Immediate interest calculation.
CrowCash
- ✓ Bulk ledger analysis and DSO reduction.
- ✓ Automated statutory demand generation.
- ✓ End-to-end debt recovery workflow.
Methodology & Sources
How we calculate statutory interest.
Statutory Basis
Calculation uses the Late Payment of Commercial Debts (Interest) Act 1998 as amended.
Interest Rate
Statutory rate is fixed at 8% above the Bank of England base rate (reference rate).
Compensation Bands
£40 for debts < £1k, £70 for £1k-£10k, £100 for debts over £10k.
Debt Types
Applies only to B2B (business-to-business) and business-to-public-sector commercial transactions.
Recover your revenue.
CrowCash automates the 1998 Act recovery process for SMEs. Get paid faster and stop losing margin to slow payers.
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