If terms weren’t agreed before the job was carried out then payment is due on demand, although there’s very little a supplier could do to force payment before 30 days.
After 30 days the supplier has the option of issuing a late payment charge of between £40 and £100. A week or so later the supplier has the option of issuing a claim against the customer – costing the customer a minimum of an extra £70 or so.
There’s also the option for the supplier to wait up to 6 years and then bill the customer for 6 years worth of accumulated late payment charges, one charge for each overdue invoice. 3 late invoices per week means an accumulated bill of £12,000 over a 6 year period.
Posted under Courier Financial Issues, Late Payment, Legal Issues
Posted by Alec at 11:31 am, July 31, 2007