We require payment to terms. Payment must be made on time, in full, and without any deduction, set off or counterclaim. In the event that an account is outstanding, we will refer the matter to our debt collection agents, Daniel Silverman Limited, which will incur costs of 15% plus VAT. Any costs incurred to collect the debt will be added to the debt, plus VAT at the prevailing rate. You agree that you will be legally liable to pay us that surcharge, and that payment of the same can be enforced against you in court. You also agree to pay interest at the relevant reference rate provided for under the Late Payment of Commercial Debts (Interest) Act 1998, which interest is payable both after and before any judgement of the court and continues to accrue.
The undersigned as Director / Proprietor / Partner or Company Secretary of the applicant company hereby guarantees payment of the account. I/we have read and understood your standard terms and conditions of trading and accept that they will be incorporated into any contract between us.