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Invoice Payment Problems - small independent agency

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    Invoice Payment Problems - small independent agency

    I have been working through relatively small independent agency on the assignment with Private Equity Fund in London. The client paid on time, however the agent alleges liquidity issues as an excuse to delay the payment to me. My invoice is now 59 days overdue. The amount is over £10,000.
    I have credit checked this agent - he does not have any credit but also no CCJs as yet.
    I know that it was stupid to entangle myself in such a mess - however I will much appreciate constructive posts about damage limitation.
    Thanks
    Last edited by mos; 20 February 2012, 13:59.
    If UKIP are the answer, then it must have been a very stupid question.

    #2
    Originally posted by mos View Post
    I have been working through relatively small independent agency on the assignment with Private Equity Fund in London. The client paid on time, however the agent alleges liquidity issues as an excuse to delay the payment to me. My invoice is now 59 days overdue. The amount is over £10,000.
    I have credit checked this agent - he does not have any credit but also no CCJs as yet.
    I know that it was a stupidity to entangle myself in such a mess - however I will much appreciate constructive posts about damage limitation.
    Thanks
    https://payontime.co.uk/

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      #3
      Also look at this post. Search is your friend.

      http://forums.contractoruk.com/accou...ml#post1351193
      "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
      - Voltaire/Benjamin Franklin/Anne Frank...

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        #4
        I now credit check aany agency I go through and get PCG+ insurance which covers you for up to £10k (IIRC) for agency failure. Helps me sleep soundly at night

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          #5
          Originally posted by JoJoGabor View Post
          I now credit check aany agency I go through and get PCG+ insurance which covers you for up to £10k (IIRC) for agency failure. Helps me sleep soundly at night
          Interested in knowing how you do this exactly. Run a Companies House check?

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            #6
            Originally posted by theroyale View Post
            Interested in knowing how you do this exactly. Run a Companies House check?
            Riskdisk do company credit reports
            In Scooter we trust

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              #7
              Originally posted by theroyale View Post
              Interested in knowing how you do this exactly. Run a Companies House check?
              If you are a PCG member, you get a discount with CheckSure for credit checking.
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