ReeCot Debt Recovery
- No collection, No fee
- Fast turnaround
- Expert team
- High success rate
Start Today
Our 4 Easy Stages
Create Account
Sign up quickly and easily.
Upload Documentation
Securely upload your invoices.
Recovery Process
We chase your unpaid invoices.
Get Paid
Receive your funds swiftly.
5 Reasons to Hire ReeCot
- Risk-free policy
- Proven track record
- Dedicated team
- Fast & transparent process
- Flexible payment solutions
Late Payment Calculator
When an invoice goes unpaid, you may be able to claim additional fees in the form of late payment interest. Our simple calculator below provides an estimate of how much interest might be added to your overdue invoice, helping you understand the potential extra amount you're owed.
For UK-based invoices, we typically use an 8% interest rate per year (as often referenced under the Late Payment of Commercial Debts (Interest) Act) in addition to the Bank of England base rate. Meanwhile, USA-based invoices often use around 10% per year as a guide. Please note, these figures are approximations for illustrative purposes, and actual permissible rates can vary by jurisdiction and contract terms.
This tool is intended for general guidance only and does not constitute legal advice. For more details on your specific circumstances, please consult a qualified professional or attorney.
Our Prices
Enter your total debt amount below to see our applicable fee rate. We use a tiered structure, so you’ll instantly know which bracket you fall into. Whether it’s a small or large debt, we’ll let you know exactly what your fee percentage is.
Who We Are
Andy Reeve
Serial Entrepreneur
Andy is a passionate entrepreneur with a proven track record in building businesses that solve real-world problems. He founded ReeCot with a vision to simplify debt recovery and help companies protect their cash flow.
Craig Cottrell
Highly Experienced Debt Recovery Specialist
Craig has spent many years in the finance industry specializing in commercial debt recovery. His hands-on experience and strategic approach ensure clients get fast and effective results when chasing unpaid invoices.