Draftr · Steve, your AI Credit Controller
How it’s calculatedTalk to usStart free trial

Your cash is sitting in your clients’ bank accounts.

Most UK businesses wait 40 to 80 days to be paid, depending on the sector. Answer two questions to see how much cash you’d get back by bringing that down to what counts as good for your industry.

What does your business do?
Roughly what do you turn over a year?

Debtor days statement

Answer the two questions to see your figure.

Debtor days now
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Good for your sector
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Clients owe you right now
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Cash back in your account

£0

Plus late payment charges you could claim

Statutory interest a year
–
Fixed compensation a year
–
Total a year
–

Not ready to talk? Keep a copy.

We’ll email you this statement with the workings, to share with your FD or board.

We’ll email your statement and follow up once about Steve.

Start your free 30-day trial

Nothing goes to a client without your approval. Prefer to talk to us first?

Paid sooner, without the awkward calls.

Debtor days creep up because chasing is the job nobody wants. Invoices sit, and someone in the office loses Friday afternoons to polite reminders. Steve, your AI Credit Controller, takes that job on and works through every overdue invoice for you, so the cash comes in without anyone falling out.

Start your free 30-day trialTalk to us first

Or see how steve works before you decide.

A chase ladder that stays polite
A friendly reminder first, firmer follow-ups later, timed around your payment terms.
Promises to pay, kept track of
When a client commits to a date, Steve logs it and follows up if the date slips.
A payment link in every chase
Clients can settle up in seconds, straight from the reminder.
Nothing goes out without your say-so
Every email waits for your approval until you decide Steve can run on his own.

How it’s calculated

Cash back in your account
Debtor days are what clients owe you ÷ annual revenue × 365. Every day you take off releases a day’s revenue: annual revenue ÷ 365 × (your debtor days − the target). It’s a one-off release of cash that’s already yours, not extra income.
Where the sector figures come from
Typical and target debtor days, and common payment terms, are from Shuttle’s UK DSO benchmarks for 2026, which compile BACS, Experian, CICM, Atradius and Companies House data. We use the middle of each sector’s average range and the top of its “good” range, so the target is good, not exceptional.
Late payment charges
The Late Payment of Commercial Debts (Interest) Act 1998 allows simple interest at 8% above the Bank of England base rate (11.75% today) on the days past your terms, plus £40, £70 or £100 per late invoice depending on its size. We assume 25% of invoices are late, from the Atradius Payment Practices Barometer UK 2026. Average invoice size is our estimate.
Which invoices qualify
Invoices to other businesses and public bodies, not to consumers. If you didn’t agree a payment date, an invoice is late 30 days after the client receives it. A contract can set its own late payment terms instead, as long as they’re a substantial remedy.

This is an estimate, not financial or legal advice. Nothing you type here is saved unless you ask for the statement by email.

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