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New payment terms

I just had a letter from a company I supply today ,saying that they are looking to change from paying me at the end of the month too end of the month +92 days ,need less to say we wont be taking them up on this offer LOL why do big firms think this kind of thing is OK ?

pay on time !!

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    I would go public, name & shame and copy your refusal letter to their MD at their registered address, but then that's the devil in me coming thru.

    I guess you've planted the T&C's game as to who's T&C's are in effect for your business relationship ?

    I have done similar before, with every intention of parting company. Turned out the MD didn't know what the 'little' department heads were up. They had a sudden change of heart.....

  • They are st1t scared Chris they know the carp that is about to happen (in the financial sector, it's only a matter of time before the next big crunch comes and it will hit hard) and they are doing their best to limit any damage.

  • Too true Rich but not with me mate,

    I have told them its now payment before delivery with me now!

  • I have had problems with a large company it took them the best part of six months to settle one bill, the next one was paid on time, the one after that was three months and I put them on stop when they were desperate for us to complete an order to get that one settled. Their excuse was that the delivery wasn't booked in and they wanted proof of delivery, I had a right go at them and asked them why didn't they ask for proof of delivery as soon as they received the invoice and not wait until they were being chased for payment. The current situation is we are waiting payment for the last order we have demanded immediate settlement, until we receive payment their next order won't get started on and it will be on a proforma basis if the money isn't soon in our account. 

  • bloody hate it Phil , I hear of big firms going pop every week and taking god knows how many small guys with them and then they start up a week later and do it all over agian .

    I know of some people who have been done for £40k the people who folded were trading 5 weeks later ,Shocking stuff but legal

  • There needs to be some form of restriction on all Directors of a Failed company - Perhaps 2 years banned from taking up new posts or founding a New company, and to be banned from having anything to do with the successor company if it goes through a "flat pack". I know of a local Take away which has gone under twice now, same guy running it, screwing his suppliers over each time.

    chris nangle said:

    bloody hate it Phil , I hear of big firms going pop every week and taking god knows how many small guys with them and then they start up a week later and do it all over agian .

    I know of some people who have been done for £40k the people who folded were trading 5 weeks later ,Shocking stuff but legal

  • spot on David

    some people have no shame

  • Going off topic, but your mention of the 'take away' has just reminded me of a story I heard about a guy locally who was owed the final payment for building work he had completed on a Chinese restaurant.  In spite of plenty of reminders, nothing was forthcoming, so he booked a table for 12 and they really went to town, best wine and celebratory champage etc.  When the bill came he clipped it to his invoice and said 'tell the boss to take it off my account' and off they went!

    David Cox said:

    There needs to be some form of restriction on all Directors of a Failed company - Perhaps 2 years banned from taking up new posts or founding a New company, and to be banned from having anything to do with the successor company if it goes through a "flat pack". I know of a local Take away which has gone under twice now, same guy running it, screwing his suppliers over each time.

    chris nangle said:

    bloody hate it Phil , I hear of big firms going pop every week and taking god knows how many small guys with them and then they start up a week later and do it all over agian .

    I know of some people who have been done for £40k the people who folded were trading 5 weeks later ,Shocking stuff but legal

  • spot on Karl

    it drives you nuts ,it really does .

  • Tell them that its OK as long as they don't mind you invoicing 120 days in advance

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