About the Author: Kris Broda

Krzysztof Broda Landscape resized 1 e1602958114836
As the co-founder of brodmin, Kris has more than 10 years’ experience in Trust, Fiduciary and Corporate services industry. He worked at UBS as Senior Compliance Associate and shortly moved to assist HSBC with a new project as KYC Analyst. Follow him on @realbrodmin and LinkedIn

5 Comments

  1. Avatar of Nick
    Nick 02/01/2021 at 12:05 - Reply

    Before reading this article I also did not understand the implication of the Later Payment of Commercial Debts Act. And there are also the resources needed to claim successfully. Why isn’t this simpler to do? Why do we have to spend so much time and money to get our owed money? Can’t things be simplified so it’s easier for businesses to get their owed money on time or at least faster when it’s clear the other party is late?

    • Krzysztof Broda Landscape resized 1 e1602958114836
      Kris Broda 02/01/2021 at 14:39 - Reply

      Hi Nick,

      Glad that you found our article insightful. I couldn’t agree more, you shouldn’t be burdened with chasing unpaid invoices. Remember to report any repeat offending clients on our directory. If they care about their reputation, they might just change their payment practices.

      • Avatar of Nick
        Nick 20/01/2021 at 18:52 - Reply

        Yes, I will do so if needed. I don’t like having to do this but I guess sometimes this is needed and they should be reported so they don’t do this again and again.

  2. Avatar of Martin
    Martin 24/01/2021 at 09:45 - Reply

    Thank you for including the calculator at the end there, Kris. That was very useful. I used it to calculate the interest for an unpaid invoice of £1,300. It’s not much but it’s money I am owed.

    • Krzysztof Broda Landscape resized 1 e1602958114836
      Kris Broda 27/01/2021 at 19:00 - Reply

      You’re welcome Martin! We modelled the interest calculator on the official UK governments website : )

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