Follow-up depends on who remembers
Late invoices are usually oversights. A consistent routine, every weekday, fixes most of them before they become aged debt.
For small and growing UK businesses
Accounts receivable automation for small businesses
Chasing invoices by hand is slow and uneven. Nemexio syncs your open invoices from your accounting software and sends consistent, lawful reminders in your name until the invoice is paid.
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The problem
What slows you down
Aged debtors become a monthly surprise
Without a routine, the oldest invoices grow quietly. Automation keeps each one moving.
Interest and compensation go unclaimed
Between businesses, the Late Payment Act allows interest and fixed compensation. Stating it as information changes how quickly people pay.
The numbers the automation uses
Figures for debts between businesses in the UK. Sales to private customers are treated differently.
- Statutory interest is 8% above the Bank of England reference rate: 11.75% for debts falling overdue in 2026 [1][3].
- Fixed compensation per invoice: £40 up to £999.99, £70 from £1,000 to £9,999.99, £100 from £10,000 [1][2].
- The Act covers commercial debts only, and does not apply to sales to private customers [2].
- If your contract sets its own late payment rate of interest, that rate generally applies instead [1].
- The government intends to make the statutory rate mandatory, but those changes are not yet in force [4].
How it works
From first sync to paid
Connect or add invoices
Sync Xero, QuickBooks, Sage or FreeAgent in a few clicks, or add invoices by hand.
Approve the sequence
Check the wording, the gap between reminders and how many to send once. Customers see your business name.
Reminders go out every weekday
Overdue invoices get the next reminder automatically, grouped into one email per customer.
Payments stop the chasing
Payments recorded in your ledger end the sequence, and you can pause any invoice, for example after a promise to pay.
Read the weekly summary
A Monday email shows what was paid and what is still late, alongside your aged debtors.
How Nemexio helps
The features you'll use most.
Guides behind this page
Credit control
How to read an aged debtors report — and what to do with each column
The aged debtors (aged receivables) report in Xero, QuickBooks, Sage or FreeAgent shows who owes you and for how long. How to read it, and the right action at 30, 60 and 90+ days overdue.
· 6 min read
Late payment law
Statutory interest on late payment in the UK: how much can you claim in 2026?
Late Payment Act interest is 8% plus the Bank of England reference rate — 11.75% for debts overdue in 2026. The formula, fixed compensation of £40 to £100 and a worked example.
· 5 min read
Credit control
Payment reminder email templates for UK businesses: four stages with wording
Copy-ready wording for the first, second, third and final payment reminder, with the statutory interest and compensation you can state between businesses and what to leave out for private customers.
· 7 min read
Works with your accounting software
Related
Sources
- [1]GOV.UK — Late commercial payments: charging interest and debt recovery, interest on late commercial payments
- [2]legislation.gov.uk — Late Payment of Commercial Debts (Interest) Act 1998
- [3]Bank of England — Interest rates and Bank Rate: our latest decision
- [4]Farrer & Co — The government's late payment reforms: a practical guide for businesses, May 2026
Sources checked 20 October 2026. General information about commercial invoices: check the current text of each provision and your own contract or terms before relying on a deadline or a rate.
Questions
Frequently asked
Start getting paid on time
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