Construction Debt Recovery — Applications for Payment, Pay Less Notices, and Timelines Explained

Late or disputed payments can cripple a project’s cash flow. In this episode of Debt Matters, we break down exactly how to stay compliant and get paid on time in UK construction. You will learn how to structure clear Applications for Payment, the difference between interim and final applications, what a valid Payment Notice must include, and when a Pay Less Notice can be issued.

We map the typical timeline from Application Date to Due Date and Final Date for Payment, highlight the most common mistakes that lead to non-payment, and share a practical playbook for escalating matters without burning relationships.

Take away a simple checklist you can apply today: evidence to attach, wording to use, diary dates to track, reminder cadence, when to issue a Notice of Intention to Suspend, and when to move to adjudication or third-party collections. Whether you are a main contractor, subcontractor, QS, or finance controller, this guide will help you protect margin, reduce DSO, and keep projects moving.

#DebtMatters #TaurusCollections #Construction #ConstructionLaw #UKConstruction #CashFlow #CreditControl #ApplicationsForPayment #PayLessNotice #Adjudication #DSO #DebtRecovery

In this episode of Debt Matters, we break down Part 1 of the Late Payment of Commercial Debts (Interest) Act 1998 - what it is, when it applies, and how it helps UK businesses protect cash flow.

You’ll learn which transactions qualify (business-to-business and public sector), when an invoice legally becomes “late”, and the rights you have to add simple statutory interest (set by law at the Bank of England base rate plus 8%) and a fixed compensation fee.

We also flag common contract pitfalls (like “substantial remedy” clauses) and where this law sits alongside your existing credit control steps. Stay tuned for Parts 2 and 3, where we’ll show exactly how to calculate interest and fixed-fee compensation with worked examples and how to build these rules into your collections workflow.

#DebtMatters #LatePaymentAct #UKBusiness #CashFlow #CreditControl #B2B #AccountsReceivable #SMEs #InvoiceManagement #StatutoryInterest

Disputed invoices don’t have to drain cashflow or goodwill. In this episode, we walk through Taurus Collections’ practical resolution flowchart designed for UK businesses: four clear phases triage, investigate, negotiate and close mapped to a 12-step process you can apply immediately. You’ll hear how to log and acknowledge a dispute within 1 business day, gather and test evidence against the contract and PO, decide liability, and document a remedy (from credit notes to staged payments) with firm deadlines.

We also cover when and how to escalate proportionately issuing a compliant letter of claim, applying statutory interest and compensation under the Late Payment of Commercial Debts legislation, and, if needed, using MCOL or instructing solicitors while keeping everything professional and well-evidenced.

Plus, we highlight ready-to-use email templates that keep your team consistent and your DSO down. Listen in and turn disputed invoices into resolved ones.

#DebtRecovery #DisputedInvoices #CreditControl #Cashflow #UKBusiness #B2B #LatePayment #CommercialDebt #SmallBusinessUK #Invoicing #AccountsReceivable #Collections

Personal guarantees are one of the most effective tools for reducing bad-debt risk in B2B trading when they’re used at the right time and framed the right way.

In this episode of Debt Matters, we unpack when a PG makes commercial sense (sectors, deal sizes, and customer risk signals), what a guarantee actually is (and isn’t), why many modern forms pair a guarantee with an indemnity, and how to introduce the ask without spooking good customers.

You’ll leave with a practical roadmap for adding PGs to your credit policy, keeping your file “evidence-ready,” and protecting margins before problems escalate setting up parts 2 and 3 on drafting and enforcement.

#DebtMatters #TaurusCollections #CommercialDebtRecovery #CreditControl #B2B #PersonalGuarantees #SMEs #Cashflow #UKBusiness #LatePayment #RiskManagement #AccountsReceivable

Roofing manufacturers are under pressure from slow-paying contractors, disputed deliveries, and project delays that push invoices past due. In this episode of Debt Matters, we share a practical, step-by-step approach tailored to the roofing supply chain: setting tighter credit terms, building evidence packs that stand up (POs, delivery notes, PODs), structuring faster chaser schedules, and knowing when to move from in-house follow-up to third-party collections.

We also cover using retention of title and personal guarantees effectively, writing pre-action letters that prompt payment, handling retentions and snagging disputes without burning relationships, and when court action and enforcement make commercial sense.

If ageing debt is squeezing margins, this episode gives you a clear playbook to recover more, protect key customers, and keep cash flowing.

#DebtMatters #TaurusCollections #RoofingManufacturers #Construction #DebtRecovery #CreditControl #OutsourcedCreditControl #LatePayment #CashFlow #B2B #UKBusiness #AccountsReceivable

Debt Matters dives into cross-border debt recovery: what changes when your debtor is overseas, how to stay compliant with local laws, and the tactics that protect your reputation while speeding up payment.

We cover Taurus Collections’ no-win-no-fee approach, multilingual liaison, legal partners across jurisdictions, and how to reclaim late-payment interest and fixed-fee compensation where applicable.

You’ll learn the step-by-step process (credit checks, tracing, pre-legal contact, settlement negotiation, and escalation only when needed), plus real-world outcomes from international cases and when to outsource versus litigate. If you sell globally but cash is stuck abroad, this episode gives you a practical playbook to get paid faster and keep good customers.

#DebtMatters #DebtCollection #CrossBorderRecovery #InternationalDebt #CreditControl #CashFlow #B2BPayments #LatePayment #UKBusiness #TaurusCollections

Tired of slow payers and stalled cash flow?

In this episode, we break down 5 little-known strategies that actually move invoices to “paid”: making your outreach personal instead of generic; sending a clear Letter Before Action to signal you mean business; offering structured payment plans that keep money coming in; knowing when to bring in a professional debt collection partner; and tightening credit control with upfront terms, credit checks, and timely reminders.

You’ll get practical wording tips, when-to-use-what guidance, and simple steps you can implement this week to reduce aged receivables and protect margins. Inspired by Taurus Collections’ latest guidance for UK B2B teams.

#DebtCollection #CreditControl #CashFlow #LatePayments #AccountsReceivable #B2B #SME #UKBusiness #Collections #TaurusCollections