[BNM] Harsh economic times - protecting ones interests

[Richard Grimwood]

Offer them a 10% discount for full cleared payment within 7 days. Give 
your bank details so they can do by BACS.  That should prioritise your 
debt over others. If they don't bite your hand off to pay they are 
already in a LOT of trouble so also give a  date which you will commence 
winding up proceedings against them.

matt zb wrote:
> Thank you all for the good advice. You've succeeded in scaring me into some
> immediate action.
> 
> One further question, getting more into specifics, the excuse I keep getting
> from this particular company is that they cannot authorise payment until
> their (near-mythical) financial controller returns. He seems to be out of
> the country/ill/on holiday indefinitely whenever there are invoices to be
> paid.
> 
> I know I'm being spun a line on this, but is it legal for them to claim to
> only have one person who can authorise payments?
> 
> 
> 
>