Our Services
Debt Collection made simple with a Final Demand Letter
LPL Recover your overdue accounts quickly and cost effectively.
Let LPL assist your cash flow and reduce debtor days. Speed up your recovery and send a Letter Before Action Late Payment Demand
Letters issued by email and post immediately for instant results and quick payment
Bulk instructions accepted in a number of formats, excel, csv etc. please contact us for details.
Late Payment Letters / Emails
Simple Final Demand
£ 7.50
plus VAT
Email only A simple Final Demand Before Action sent by email only
*No interest just asking for the overdue amount only to be paid within 10 days
Late Payment Demand
£ 10.00
plus VAT
Email only Late Payment Demand Before Action sent by email only
*This email includes interest and compensation fee under the Late Payment of Commercial Debts (Interest) Act 1998. This is for business-to-business debts
Final Late Payment Demand
£ 10.00
plus VAT
Final Demand Late Payment Letter Before Action sent by post and email
This Letter is for Ltd companies only and gives them 7 days to pay. This includes Interest and Compensation Fee are added as per the Late Payment of Commercial Debts (interest) Act 1998
Pre-Action Protocol Letter
£25.00
plus VAT
Pre-Action Protocol letter sent by email and post Sole Traders only
This letter is for sole traders only and includes the enclosure of the 8 page Pre-Action Pack as required before legal action is issues. The Pack states your address for return and the letter includes Interest and Compensation Fee as per the Late Payment of Commercial Debts (interest) Act 1998
For large debts above £5k that are undisputed for a letter threatening a Statutory Demand Please see below other suggested letters
The Late Payment of Commercial Debts (Interest) Act 1998
Where an invoice is not paid or is paid late, the Act and Regulations 2002 & 2013 allow you to charge interest at the annual rate of 8% above the Bank of England base rate for each day your invoices are overdue, our system will automatically calculate this for you we just need to date payment was due.
You are also entitled under the Late Payment of Commercial Debts (interest ) Act 1998 to charge compensation against your customer. The compensation you are allowed to charge depends on the unpaid debt amount. Our system automatically adds this fee to your debt along with interest and this is detailed on our letter to them.
The compensation entitlement varies in accordance with size of debt
Size of unpaid debt | Sum to be paid to the creditor |
|---|---|
Up to £999.99 | £40.00 |
£1000.00 to £9999.99 | £70.00 |
£10000.00 or more | £100.00 |
Statutory Demand Letter threatening Winding Up Proceedings against a Limited company for debts over £ 5k only
Cost £45.00 sent by post and email
£ 45.00
plus VAT
Click below to submit your information and order
Statutory Demand Letter threatening Bankruptcy Proceedings against an individual for sole traders for debts over £ 5k only
Cost £45.00 sent by post and email
£ 45.00
plus VAT
Click below to submit your information and order
Improve your cash flow today with Late Payment Letters
To save time when issuing against a large number of debtors, we can accept bulk instructions in a variety of file formats. For more information on this facility, please fill out our contact form for further details or email instructions@latepaymentletter.co.uk
We specialise in assisting large organisations who require a bulk email and letter service.
Industries include Builders Merchants, Manufacturers, Wholesalers to name a few.