FACTS: Late payment of invoices starts from the date when the agreed payment period between the company and the client as stated on your invoice has passed. If no credit period was stated, the Late Payment of Commercial Debts (Interest) Act 1998 specifies a 30 day payment period after which interest becomes payable.
"Commercial Credit Control
produced instant results for us
and have now recovered
virtually all of our money, that
to all intents and purposes, we
had written off"
Improving your Cash
& Reducing your Risk
Poor management of cashflow is the single biggest reason that businesses go under. A good credit control system is an essential part of any business' accounting procedures to maintain consistent cashflow, avoid bad debt and minimise late payments.
Commercial Credit Control can provide a range of credit control, credit management and consultancy services for your business. Specialising in both short and long term assignments to reduce company debts, Commercial Credit Control can work with you to implement and reduce your levels of company debt.
Our services include
- Debt collection
- Dispute resolution
- Process implementation
- Credit risk assessment