1. General Payment Terms

All invoices issued by Lockout Tagout Safety Ltd are payable within 30 days from the date of delivery of goods, unless otherwise agreed in writing.

Failure to make payment within the agreed terms may result in the suspension of further deliveries, withdrawal of credit facilities, and/or additional charges where applicable.

2. Proforma Orders (New Customers)

All new customers will be required to trade on a proforma basis for their first three (3) orders.

This means:

• Full payment must be received prior to the dispatch of goods
• Production and/or delivery timelines will commence only after cleared funds are received

Lockout Tagout Safety Ltd reserves the right to extend the proforma period at its discretion.

3. Large Order Payment Requirements

Orders Over £50,000

• A minimum of 20% upfront payment is required prior to order processing

Orders Over £100,000

• A minimum of 50% upfront payment is required prior to order processing
• The remaining balance may be subject to agreed payment milestones

All upfront payment requirements are subject to the discretion of the Company Director, who may amend or waive these conditions based on customer relationship, creditworthiness, or project specifics.

4. Payment Milestones (Orders Over £100,000)

For orders exceeding £100,000, payment milestones will also be requested, including but not limited to:

• Stage payments during production
• Partial payments upon delivery of goods
• Final balance payable within agreed terms

Specific milestone structures will be agreed in writing prior to order confirmation.

5. Accepted Payment Methods

Lockout Tagout Safety Ltd accepts the following payment methods:

• BACS (Bank Transfer)
• Credit Cards

All payments must be made in GBP (£) unless otherwise agreed.

6. Late Payments

Lockout Tagout Safety Ltd reserves the right to:

• Charge interest on overdue invoices in accordance with the Late Payment of Commercial Debts (Interest) Act 1998
• Recover reasonable costs incurred in collecting overdue payments
• Suspend or cancel pending or future orders

7. Retention of Title

All goods supplied remain the property of Lockout Tagout Safety Ltd until full payment has been received and cleared.

8. Amendments

Lockout Tagout Safety Ltd reserves the right to amend these Payment Terms & Conditions at any time. Customers will be notified of any significant changes.

9. Company Details

Lockout Tagout Safety Ltd
19 Collingwood Court, Riverside Industrial Estate, Middlesbrough TS2 1RP

Bank details are provided on invoice and are also available on request.