CLAIM YOUR FREE LETTER BEFORE ACTION HERE
Non Disputed Debts and new clients only.
Have you heard the one about …….
- “I haven’t received the invoice”
- “I have lost the invoice”
- “The money isn’t due yet”
- “A cheque was sent out last week”
- “There is no one in accounts today”
- “We are still waiting for payment from contractors/suppliers to make payment before we can pay you”
- “We didn’t get the goods”
Common excuses we have all heard time and time again
You can avoid these excuses by having a clear cut credit control procedure:-
- Request a confirmation when you send out your invoice.
- Ensure your Terms and Conditions are very clear about your payment terms (for advice on best practice in your T’s and C’s follow this link).
- Whenever possible ask your client to pay by bank transfer – no more lost cheques or unpresented cheques. Ask them to clearly indicate the invoice number they are paying.
- If there is no one in the accounts department when you call, ask to speak to a manager / senior member of staff.
- Even if your client has not been paid, you have a statutory right to be paid according to your terms.
The Late Payment of Commercial Debts (Interest) Act 1998 was introduced for the purpose of compensating Creditors for the late payment of debts and to penalise those Debtors who exceed payment terms and misuse their supplier’s credit facilities.
At the heart of every business lies positive cash flow. When you get paid on time everything works as it should, but business can become more challenging when outstanding payments and money owed to you starts to mount up.
The Government and industry is calling on businesses to pay suppliers on time and for small firms to pursue those who put them at risk by delaying.
Scam Alerts
We have all been subjected to scams, cons and fraud at some point in time, in the ever changing world fraudsters are finding new and innovative ways to trick individuals and businesses alike.
Our Regulatory Body (Solicitors Regulation Authority) in the first half of May received notice of scams ranging from utilising solicitors business and personal names, copying letterheads, bogus websites and receiving malware via email.
These are the types of scams that we are now used to and can take steps to avoid, however the diversity and ingenuity of new ways to trick us is astonishing.
Take 5 minutes out of your work schedule to look at new scams that are being used.
Check out the Metropolitan Police website or even the Federal Trade Commission (USA).
Race for Life – Pretty Muddy 5K – Cancer Research UK
Helen Abel, our Litigation Executive did the Pretty Muddy 5k at Weston Park on 30th April.
This was not like any other fun run – check out the website – Pretty Muddy 5K. It is a muddy obstacle course for women of all abilities. The aim is for women to:- “climb over, crawl under and charge through to show cancer that hell hath no fury like a woman in pink”.
If anyone would like to donate to Cancer Research UK please either:- Text XOYP79 and £5 to 70070 or visit Helen’s Just Giving Page – justgiving.com/helenabel2. It is not too late to donate!
As promised here are the photos of how her day went…….
Leave your debts in our capable hands
Latest News
When does 30 days Payment Terms mean….. 30 Days?
"30 Days" Can mean a lot of things.... For instance - When does the clock start ticking ? Is it .... ▻ Date of Invoice [...]
Urgent: 38 Businesses Shut Every Day Because of Late Payments
Late Payment Crackdown: Stricter Rules, Bigger Penalties, Faster Recoveries Recent UK Government reforms have launched the toughest measures on supplier payment delays in a generation. [...]