Just curious how everyone else’s invoice payments are going?

[jayn200]

I'm on weekly payment cycles; payments like clockwork so far, including last Friday.
Fingers crossed!

Same here.

If they stop paying me I'll keep working though and I'll just chase the payment later. I don't want to go out into the market now.

[zonkkk]

I'm on weekly payment cycles; payments like clockwork so far, including last Friday.
Fingers crossed!

[Finance Contractor]

Getting paid 100% of mine ... there aren't any

[Yuri F]

My last one was paid week ago without delays (monthly payment cycle).
Remaining part (2 weeks) seems to be relatively low risk (contract ended on Apr-1st).

Most of previous contracts were running weekly payment system, so exposure was even less.. (although I'm always checking agency accounts situation via CH, and it mostly looks very ugly and risky on a paper {worrying liquidity, minimal equity/capital - sometimes just £1 unfortunately}) - these days it totally makes sense to be much more rigorous.

[vwdan]

Committed will turn into “goal’ then ‘hopefully’ then ‘at some point’ then ‘never’

Standard mat Hancock play book here from supplier


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Fortunately I get paid before they do, so hopefully I won't be too far in if that's the case. Given the $BigCorp though, I don't really feel too concerned -it would be bad for their reputation and they aren't exactly hurting through this.

[NotAllThere]

That reminds me - I must issue my March invoice. And chase up January and February.

[PerfectStorm]

Getting paid 100% of mine ... there aren't any

[GhostofTarbera]

I'm in a slightly odd situation in that I contract through a consultancy (A proper one, with consultants) with relatively long payment terms. They're small which does worry me, but I know their major client (who I'm also working for) has committed to paying suppliers and third parties.

Committed will turn into “goal’ then ‘hopefully’ then ‘at some point’ then ‘never’

Standard mat Hancock play book here from supplier


Sent from my iPhone using Contractor UK Forum

[vwdan]

I'm in a slightly odd situation in that I contract through a consultancy (A proper one, with consultants) with relatively long payment terms. They're small which does worry me, but I know their major client (who I'm also working for) has committed to paying suppliers and third parties.

[jamesbrown]

One US client that is being much tardier than normal, but fortunately not for a large amount, sub 10k. Otherwise, no issues so far, but it’s probably too soon. Will see later in April when other invoices are due...

[Finance Contractor]

Yes, definitely dropped the ball on this one and should have asked for it to be removed or looked elsewhere.

[MrMarkyMark]

My contract had a clause that allows them, at their discretion, to withhold payment until the client pays. I have no reason to believe the end client won’t pay.

You should always try and avoid those, hence why I used to insist on being paid weekly.

Working direct can be worse, I had to wait 3 months to get paid on one contract.
Even then that involved me totally throwing my toys out of the pram, after which they paid on time each month.

[Finance Contractor]

My contract had a clause that allows them, at their discretion, to withhold payment until the client pays. I have no reason to believe the end client won’t pay.

[ladymuck]

My ex client is due to pay March in about 10 days. I have no reason to believe it will be withheld.

What does your contract say regarding payment terms. If it's not a paid when paid contract then quote the relevant clause back at them.

[Finance Contractor]

As above, just curious really if everyone else on here has had their March invoices paid or is still on track. I was with Henderson Scott until 31 March and they have not paid and are saying end client has to pay first.