Terms and Conditions
All amounts overdue for payment shall, at the Suppliers discretion, bear interest at the rate of 8% above the Bank of England base rate per month, compounded, for the period from the date of invoice to the date of settlement. (Such penalty shall apply regardless as to whether Judgment in a Court of Law has been obtained). In addition all costs of recovery shall be borne by the Customer.
A charge up to the value of £30 will be applied to the Customer account for each occurrence of either unpaid cheques or represented cheques.
Any sums remaining outstanding after payment is due will be subject to recovery action by the Supplier’s agents. The Customer shall be liable to pay all costs, fees, disbursements and charges including all debt recovery, legal and insolvency fees and costs incurred by the Supplier in the recovery of any unpaid invoice(s).
The Supplier reserves the right to apply for the provisions of the Late Payment of Commercial Interest (Interest) Act 1998 to any and all invoices that remain unpaid after 30 days of the invoice date.