Late Payments on Invoicing

[F18RSC]

I completed some work for a company back in September of last year and sent them an invoice on 30 day terms.

The invoice was due on the 28th of October. I understand I can charge them at 8.5% per annum for late payment however would you consider also putting an charge of £25 on each invoice for admin?

Seems normal practice to me when you deal with larger firms.

For the record this is several thousand pounds.

Thanks.

Rick.

[F18RSC]

yes plenty of reminders at least twice a month and several times just after the due date.

Just think that a fine of £65 doesn't cut it when they are at a tradeshow in Amsterdam, I would have gone to Amsterdam to advance my company but can't when companies don't pay on time.

I was thinking of the 8.5% charge interest is about £65 and then charging them £25 admin charge on top?

[F18RSC]

Don't think i will work with them again. No reason given for the late payment, I have seen them on the TV at the trade show in Amsterdam

[F18RSC]

Excellent idea. Like the idea of emailing a photo of the intended court route.