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The Nü Savings Group ('NSG') will issue an invoice requesting prompt payment from you, our client for a product

(in-house or third party) or services that have been rendered. We will not provide you with our findings or 

information without payment (SEE: PAYMENT TERMS AND CONDITIONS)






We know how important payments can be to your credit file, and therefore we always ask for prompt payment of

invoices. To save time, we ask that you make an electronic payment, wherever possible:


          This is an easy way to ensure: 


          More accuracy – this provides us with an audit trail, monitors any payments & ensures funds have cleared.

          It also provides proof of payment; the amount, date, & time of your bank transaction.


          Speed - your business is invoiced directly via electronic mail which allows you to make prompt payment.

          We always ask you to check your junk mail, if you cannot locate the invoice request;


          Sustainability - electronic payments are environmentally friendly – saving you time, money, and effort.

          So goodbye to unneeded stationery and reduce the need for business post;  


          Security – It ensures secure client payment and sensitive data is for your eyes only. 






NSG will charge Statutory Interest on late commercial payments of 8% plus the Bank of England base rate for business-to-business transactions (unless we've digitally agreed to a grace period)




  • If your business owed £1,000 and the Bank of England base rate was 0.5%:   

  • the annual statutory interest on this would be £85 (1,000 x 0.085 = £85)

  • we divide £85 by 365 to get the daily interest: 23p a day (85 / 365 = 0.23)

  • after 50 days this would be £11.50 (50 x 0.23 = 11.50)





NSG will attempt to contact you (the individual or company) up to three times for payment; by email, and lastly 

by recorded delivery. In each instance, NSG will charge you statutory interest and notify credit agencies of your

failure to make payment on time, which will impact your personal or business credit file. 


If after this time, you fail to co-operate; we will have no other recourse than to implement legal proceedings to

collect the outstanding payments. Depending on the value of the claim(s), this action will either take place in the

Small Claims Court, or the High Court of Justice.


Whether you are an: 'individual' (sole trader/partnership) or a limited company, that is in arrears (the ‘debtor’)

shall receive a statutory demand, you will have 21 days to either:


  • pay the debt in full;

  • reach an agreement payment plan;


In some instances, we may employ the services of a third party (the 'debt collector'), to collect the monies on our

behalf, and you will be liable for their costs.  In serious cases, we may make an application for bankruptcy or




Charges for late payment 

Final Non Payment of invoices