How Net 30 works
Net 30 is the standard B2B payment term: invoice now, pay 30 days from the invoice date. Norma offers Net 30 to approved UK workspaces. Application takes 2 working days.
How to apply
- Sign in and open your workspace.
- Go to "Billing" and click "Apply for Net 30".
- Fill in the company details: legal name, registered address, Companies House number, billing contact.
- Submit.
We run a Creditsafe UK check the same day. Decisions land in 2 working days, often the same day for established companies.
The Creditsafe check
Creditsafe is the UK's largest commercial credit reference agency. The check pulls:
- Credit score (0 to 100). We typically approve at 50 or above; below 50 we ask for a director guarantee or smaller initial limit.
- Days Beyond Terms (DBT). Average days late on supplier invoices. Good companies sit at 0 to 10; we accept up to 25.
- Filed accounts. Most recent filed accounts confirm the company is trading.
- Adverse data. Insolvency, county court judgments, and similar.
The check does not affect your personal credit. It is a soft commercial check, not a personal credit search.
Credit limit
New approved accounts get an initial limit between GBP 1,000 and GBP 25,000 depending on the Creditsafe profile. The limit covers the total outstanding invoices at any one time.
- Pay an invoice: the limit frees up that amount.
- Place a new order: the limit reduces.
- Reach the limit: we hold new orders until an invoice is paid.
To request a higher limit, reply to the billing email with the requested amount and a sentence on why. We re-run the check and decide within 2 working days.
Invoicing in practice
- An invoice is generated the day the order ships.
- The invoice is emailed to the billing contact and posted on the workspace billing page.
- Payment is due 30 days from the invoice date.
- Payment options on the invoice: bank transfer, GoCardless direct debit, or card (Stripe link on the invoice).
What happens on late payment
- 1 day late: the workspace gets an email with a payment link.
- 7 days late: a second email. New orders are held.
- 14 days late: a reminder with a notice of intent to suspend.
- 30 days late: the account is suspended pending payment.
If you anticipate a late payment, reply to the invoice email before the due date and we will agree a revised date in writing. We do not chase late on the day; we work with you.
Net 60 and beyond
Net 60 is available case by case for approved accounts after 3 to 6 months of clean Net 30 history. Email billing@normamade.com to discuss.
VAT
Invoices show line items ex-VAT with VAT added separately. For VAT-registered B2B EU buyers, we apply reverse-charge VAT (zero-rated, with the VAT number on the invoice).