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πŸ’³ Standard Payment Terms

Overview of our standard invoice payment terms, including due dates, late payment policy, and a link to full Terms & Conditions

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Written by Stuart Haywood
Updated over a month ago

πŸ’³ Standard Payment Terms

Our standard payment terms are designed to be clear and consistent for all customers.

πŸ—“οΈ When Is Payment Due?

Invoices are payable by the last working day of the month following the invoice date.

Example:

  • If an invoice is issued in June, it is due by the last working day of July.

  • If an invoice is issued in November, it is due by the last working day of December.

This gives customers a full calendar month after the invoice month to process and complete payment.

⚠️ Late Payment Policy

As outlined in our Terms & Conditions:

  • We reserve the right to apply interest at 8% above the base lending rate of Barclays Bank Plc on payments that are overdue by 7 calendar days or more, accruing daily.

  • While this interest is not currently implemented, it may be applied at our discretion in the future.

  • In addition, any agreed discounts may be forfeited, and future discounts may be reduced or cancelled.

  • We may also require suitable security for future deliveries.

πŸ“„ Full Terms & Conditions

For full details, please refer to our official Terms & Conditions document:


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