If you have chosen to pay via purchase order, you will be given 30 days payment terms. Should you go over the 30-day payment terms please be advised of the following process in place and the financial implications to you.
Automatic Payment Reminders
- 14 days before the due date
- 7 days before the due date
- 3 days before the due date
- Due date reminder
Late Payment Letters
- 1 day overdue
- 1st Request for payment – an email with letter and invoice attached.
- 1st Request for payment – an email with letter and invoice attached.
- 5 days overdue
- 2nd Request for payment – letter sent via Royal Mail signed for.
- 2nd Request for payment – letter sent via Royal Mail signed for.
- 15 days overdue
- 3rd Request for payment – letter sent via Royal Mail signed for – this letter will incur the £40 late payment compensation to the sum outstanding.
- 3rd Request for payment – letter sent via Royal Mail signed for – this letter will incur the £40 late payment compensation to the sum outstanding.
- 30 days overdue
- Final Request for payment before action is taken – letter sent via Royal Mail signed for.
Please Note: We have a statutory right under the Late Payment of Commercial Debts Regulations 2013 to add interest and late payment compensation to the sum outstanding. This currently equates to £40.00 late payment compensation fee and statutory interest of 8% above the Bank of England base rate (fixed for the six month period within which date the invoice became overdue).