Late Payment of Commercial Debt

It's different from if a person owed you. Set a deadline and after that you can charge interest at bank of England base rate plus (iirc) 8% (**CHECK** that figure before using it!).

Then if they don't pay threaten them with - or actually issue - a winding up order. That will get their full and undivided attention. Of course it would also mean you were unlikely to get more work from them in the future.

I'd suggest an informal 'phone call in the first instance to see if you can dislodge the money. As others have suggested it may just be a payment cycle issue.

Posted By: Partial Angler on December 4th 2006 at 12:12:35

Message Thread

Help needed... (General Chat) - Stoopish, Dec 4, 11:27:29
- how much is it for? (General Chat) - CWC, Dec 4, 13:51:25
- simple contract law... (General Chat) - Tony Martin, Dec 4, 12:56:58
- have you submitted an invoice ? (General Chat) - Commisar_Canary, Dec 4, 12:48:48
  - Standard terms of business (General Chat) - Partial Angler, Dec 4, 12:59:22
- See link below for info on legal action... (General Chat) - duckandchips, Dec 4, 12:14:08
  - That would be the same CAB that advised the last tenant (General Chat) - mike_the_sphinx, Dec 4, 12:19:50
    - Well... (General Chat) - Fierce Panda, Dec 4, 12:21:43
      - Bazzupt, you get what you *pay* for (General Chat) - mike_the_sphinx, Dec 4, 12:23:48
- Late Payment of Commercial Debt (General Chat) - Partial Angler, Dec 4, 12:12:35
  - yeah, will try calling again this afternoon (n/m) (General Chat) - Stoopish, Dec 4, 12:16:40
- It's the world of the freelancer... (General Chat) - Fierce Panda, Dec 4, 12:08:14
- Two or three things (General Chat) - Army Boy, Dec 4, 11:33:47
  - Thanks (General Chat) - Stoopish, Dec 4, 11:36:40
- A letter threatening a cc action (n/m) (General Chat) - mike_the_sphinx, Dec 4, 11:29:38
  - yeah I've sent a mail saying "I don't wish to take this further.. (General Chat) - Stoopish, Dec 4, 11:32:57
    - ...... (General Chat) - duckandchips, Dec 4, 11:51:04
      - thanks (n/m) (General Chat) - Stoopish, Dec 4, 12:16:14
      - Noooooo, send in the BOYS (General Chat) - mike_the_sphinx, Dec 4, 11:54:46
        
        Yer send round the WOTB mob... (n/m) (General Chat) - Klobo04, Dec 4, 11:56:24

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