I’m a dev for a mid-size software company. I invoice £8k a month for 15 days of dev. My terms are 30 days. So far they are behind three invoices. £24k!
Luckily my husband earns a PAYE wage, so I can wait, but nothing seems to make any difference – it’s always ‘just coming’ or ‘we’re catching up this week’. I know the CEO makes all the bank payments himself so unless he is blissfully unaware of how much he owes then he is the blocker.
Eventually, when I begin to get frustrated and a bit cross (which I hate) then one, maybe two, past invoices will be paid. I cannot wait for them to realise I am sharing this info with you for all to see – hopefully, this will put a rocket up them.
Debt Collection 101
Ethan, Personal Trainer, Glasgow.
Lydia, Events Manager, Leeds.
Tommy, Organic Farmer, Northern Ireland.
Priya, Tech Startup Owner, Cardiff.
Ben, Bespoke Furniture Manufacturer, Birmingham.
Fatima, Legal Consultancy Owner, London.
Overdue Payment Recovery Solutions: Effective Strategies for Businesses
What is classed as a late payment in the UK?
Effective Strategies for Managing Overdue Invoices
