• Ensure that your goods / services are regularly billed.
  • Ensure that your invoices are paid within agreed credit terms.
  • Ensure that where invoices are not paid within agreed credit periods, notification and requests for payment are given in writing.
  • Deal with any queries on your services / goods promptly.
  • Ensure that any follow up action is taken within the specified time limits to avoid empty threats.
  • Utilise late payment provisions in your terms and conditions which may include:
    • Interest payments
    • Withdrawal of credit terms
    • Ability to recover goods
  • Consider the use of the Late Payment of Commercial Debts (Interest) Act 1998 (where there is no interest provisions in your terms and conditions) which allows interest from 30 days following delivery of your invoice at 8% above base rate and compensation payments.
  • Consider factoring / invoice discounting schemes.