This ‘shield’ denotes that the organisation displaying it is a member of our Prompt Payment Scheme. The idea is simple… Each of our member organisations has the reasonable expectation that their invoices will be settled on or before the agreed due date.
Should payment of any invoice be made late to one of our members, StatClaim will provide the resources to exercise that organisation’s statutory right to claim compensation, interest and reasonable costs of collection, as per the provisions set out in the Late Payment of Commercial Debts (Interest) Act 1988 under which we operate. A breakdown of the fees payable can be found by clicking here.
Furthermore, our members are also able to call upon the resources of our specialist legal team, should it be necessary, to enforce their right to claim this or, indeed, any other legal issues which may affect them.
We sincerely hope that these courses of action will not be necessary and respectfully remind you that all invoices should be settled on or before the agreed due date.
Robert J D Lewis
CEO & Co-Founder
Statutory Claim Online Ltd