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, Dec 4, 12:12:35