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Late Payment Law

Claim money back

Over the past six years, how many times have you chased clients who have failed to pay invoices? How many hours of administration time have you wasted doing so? How often did this cause your business financial issues as a direct result? And how many clients have you ceased working with as a result of their poor payment practice?

Well did you know that you can claim interest and compensation on invoices that were paid late?

Not many businesses do, and only some reap the rewards of making a claim.

The Late Payment of Commercial Debts (Interest) Act, 1998, allows you to recover historic interest and compensation from late-paying clients. This retrospective payment allows you to recoup costs from relevant invoices over the last six years.

How Cobra can help

Cobra Financial Solutions support hundreds of businesses in receiving compensation from such clients.

First, our team can check your business terms and conditions to ensure interest and compensation are enforceable.

And once we have received details of all relevant late payments, the team at Cobra can let you know just how much money you are owed. If instructed, we will then contact past debtors and request immediate payment under the specified legislation.

In over 90% of cases, legal proceedings are avoided, and payments are processed straight away.

Get in touch

So if you have wasted many an hour dealing with persistent late payers, then speak to one of the Cobra team to find out how much you could be owed.

We calculate costs based on the work involved in each case, and always deliver a personalised quote for each of our clients.

So to discuss your case, and to receive further advice and support, call one of the Cobra team today.

0151 526 4222

Trust Cobra

  • Trustpilot’s #1 rated debt collection agency
  • One of the highest success rates in the industry
  • Cases actioned within 24 hours
  • Quick and cost effective
  • Offices and agents across the UK
  • Unrivalled customer service
  • Professional and experienced recovery agents
  • Hundreds of verified customer reviews
  • Latest in body camera and surveillance technology
  • Vast portfolio across both the private and public sector
  • 75 years’ combined experience in the industry
  • Real-time reporting
  • We only take cases we know we can win

What we do

Cobra Financial Solutions are a specialist debt collection agency, collecting for both businesses and individuals. Our approach to debt collection is simple: no-nonsense and no excuses.

With our 75 years’ combined experience, we have a proven track record of success: one of the highest in the industry. And thanks to hundreds of validated client reviews, we are the UK’s number 1 rated debt collection agency.

In addition to debt collection, we provide a range of more niche services, from debtor tracing to High Court enforcement. Working for large conglomerates, as well as SMEs and individuals, trust the Cobra team to meet deadlines, achieve targets and deliver results.

Customer service is at the heart of our ethos. We want our clients to leave us satisfied, and eager to recommend our services to their contacts. So if applicable to your case, you will be appointed a designated account manager, who will keep you updated with all the latest developments. And so that you are in control every step of the way, you can follow the progress of your case live via the client portal.

Here at Cobra, we know that reputation is everything, so relax, knowing that yours is in the safest of hands.

Let’s get started

For further advice and support, and to discuss your case in detail, then call one of the Cobra team on 0151 526 4222.

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