Credit Control Policy 

Purpose

This credit control policy sets out the requirements for payment terms with Batteries and Solar’s customers.

Scope

This policy applies to all sales that are made within the United Kingdom and internationally.

Policy

Batteries and Solar agrees to extend credit to customers that meet the threshold for granting credit. The maximum credit that can be granted is listed on your credit application and subsequent agreement. Payment Policy terms are listed in the Collections section below. The maximum credit limit may be increased on a per customer basis, subject to the approval of the Credit Controller. Credit applications will be reviewed to determine credit worthiness. In the event of a low credit score, credit level may be reduced. The repayment history of all customers will be reviewed on a periodic basis to determine whether existing credit levels need to be revised.

Responsibility

The Credit Controller is authorised to extend credit to customers and provide them with information regarding their credit status. Other members of the Sales’ team may also communicate with customers regarding their credit status and payment responsibilities.

Invoicing

Invoices will follow Batteries and Solar’s standard template and provide all necessary information. Customers will be invoiced upon order completion.

Collections

The collection schedule will be as follows:

All invoices are dispatched at the end of the month that sales or works have been completed. The net payment terms are 1 month from the invoice date.

If the invoice becomes 30 days overdue, a debt collection agency will be tasked with recovering the amount owed.

Payment method

The requested payment method is BACS Payment:

Bank Details:

Sort Code: 53-61-44

Account Number: 68665571

Terms and conditions

This policy is applied in conjunction with Batteries and Solar’s general terms and conditions.