Open a 30-day account
A 30-day trade account for companies that buy regularly. Approved accounts order against a purchase order and settle monthly against a statement.
What is asked for
- Company name, registration number and TIN.
- Trading address and the site or sites deliveries go to.
- The person who raises orders and the person who approves payments.
- Two trade references from current suppliers.
- An indication of the lines and the monthly volume you expect to buy.
What is checked
The registration and the references. A credit limit is set on the strength of the references and the expected volume, and reviewed after the first three months of trading. Limits can be raised on request once the account has a record.
How long it takes
We review a complete application promptly. While it is being processed you can still buy on deposit and balance terms, and those orders count towards the account's record.
Terms
Payment is due 30 days from the invoice date. A statement is sent at the end of each month. Accounts more than 14 days overdue are placed on hold until settled. There is no charge for holding an account.