Your client still hasn't paid. Beanbook chases them for you.
It also works out what they actually owe you — including the interest and fixed compensation the law lets you add on top. Most sole traders never claim it.
What is that late invoice really worth?
When a business pays you late, the law lets you add statutory interest plus a fixed fee per invoice. Put the numbers in and see the amount you could claim.
Estimate only, not legal advice. Statutory interest is 8% above the Bank of England base rate (assumed 4.25% here — adjust for the current rate); fixed compensation is £40 for invoices under £1,000, £70 up to £9,999.99, and £100 for £10,000 or more, per the Late Payment of Commercial Debts (Interest) Act 1998. Applies to business-to-business invoices. Your actual entitlement can differ.
How Beanbook Chase works
- Tell us who owes you and how much. It takes about a minute.
- Beanbook sends a chase sequence in your name — polite first, then firm, then a formal statutory-interest notice if it comes to that.
- You get paid, or you get a clean paper trail that holds up if it goes further.
Reserve your place — £7/month
We're opening Beanbook Chase to a first group of UK sole traders. Reserve now and you go to the front of the queue when it's ready, at the launch price of £7 a month. Nothing is charged today — this just holds your spot.
No card details. No commitment. We'll only be in touch about Beanbook Chase.You're on the list.
Nothing has been charged. You're in the first group and you'll get the £7/month launch price when Chase opens. Want us to tell you the moment it's ready?