Huxley - 28 Days to pay

[Monster Munch]

I always send out credit application forms my (potential) customers. At the end of the day I'm in business and I have to do all I can to minimise risks. I'm sure if we all adopted normal business practices, those people that like to infer that we are not actually in business on our own account, would find they have far less ammunition to fire our way.

[thunderlizard]

Credit application

sounds reasonable to me. I don't think many people would turn away a supplier purely to avoid filling in a form. I wouldn't anyway.

tl

[NickFitz]

Good luck with that. Must customers will likely find an alternative supplier.

Last edited by oracleslave : Today at 17:45. Reason: typo

Try again...

[oracleslave]

Last edited by oracleslave : Today at 17:45. Reason: typo

Try again...

Thanks for your valuable contribution. Now back to tpd you go.

[oracleslave]

sounds reasonable to me. I don't think many people would turn away a supplier purely to avoid filling in a form. I wouldn't anyway.

tl

So out of interest do you make all agencies (assuming you use them) fill in a credit application form when the payment terms are not immediate?

[thunderlizard]

Not quite. My company's payment terms are 30 days anyway.
I use CheckSure on potential clients (including agencies) and so far the checks have all come up OK. If they didn't, I'd look at getting some sort of guarantee, but never had to cross that bridge.
But many of the suppliers we use have required credit applications, so I don't see why psychofish should be any different from them.

[oracleslave]

Not quite. My company's payment terms are 30 days anyway.
I use CheckSure on potential clients (including agencies) and so far the checks have all come up OK. If they didn't, I'd look at getting some sort of guarantee, but never had to cross that bridge.
But many of the suppliers we use have required credit applications, so I don't see why psychofish should be any different from them.

So then we are in agreement? My company's payment terms are also 30 days and therefore it is not unreasonable for the customer (in this case Huxley) to expect to be given 28 days to pay.

[thunderlizard]

yup,

though I invariably work for very creditworthy clients at bargain basement rates. If you're charging lots from less creditworthy companies, it might be a different story.

[KevinS]

Anybody dealt with huxley associates?

They claim they need to take 28 days to pay me, because I use a limited company?

Had a gig with them a few years ago - never had an issue like this.. If my timesheet was in by Tuesday 5PM, I was paid by BACS on the Friday..

EDIT: Also working through a limited..

[Ardesco]

I've been on 30 day terms before and to be honest if it's one of the big agencies the risk of them not paying will be minimal. I really don't see what the problem is.....