News & Testimonials

In construction, a late payment rarely arrives alone. Applications get queried, final accounts drag on, and retentions sit for months after the job is done. By the time an invoice is finally paid, the delay has often cost the business far more than the invoice amount shows. What many contractors and subcontractors don't realise is that UK law lets you claim for part of that cost. In short: under the Late Payment of Commercial Debts (Interest) Act 1998, a business that is paid

"More customers are struggling to pay us on time than ever before, often because they're dealing with late payments themselves. At the end of the day, we're a builders' merchant, not a bank." That's how Keith Fryer, Director of Business Development at FORT Builders Merchant, described the pressure now facing suppliers across the construction supply chain. In short: new research from Bibby Financial Services found that 4 in 10 UK SMEs have shortened their own customer payment