Trade Credit Accounts
Get Credit for Your Trade Account
We like to provide customers with flexibility when shopping for tools and building materials. Our credit accounts offer some breathing space for our trade customers, giving you the option to delay the payment for your orders up to 30 days.
Why apply for credit if you have a trade account
Unlike some other building materials suppliers, our credit trade accounts are interest-free for the first 30 days, so you will not be faced with any horrible surprises when it comes to paying off the balance. Opening a credit trade account also eases the pressure of finding money upfront to pay for tools and materials.
Buy with flexibility
Your personal Trade Account Manager will discuss with you about setting a manageable credit limit.
When you open a Building Materials Nationwide credit account, you will not have to worry about any time-consuming paperwork with every transaction you make. You can simply choose the materials you need, order them and pay at a later date.
Frequently Asked Questions
Do you charge interest on trade credit accounts?
No. We want to offer our customers a comfortable and secure shopping experience, so you will not be charged any interest in the first 30 days for any transactions you make within your credit limit.
What is the best way to submit my trade credit application?
There are two ways to send your credit trade account application. You can either forward the completed form with supporting documents to creditservices@centralaccounts.co.uk or print everything off and send it to our head office: 1 The Pavilions, Ruscombe Business Park, Twyford, RG10 9NN.
How long will I have to wait for a response to my credit application?
Applications are usually granted or denied within 24 hours after we receive them. If you have not heard from us after 24 hours, call the sales team on 01628 249593, or send us an email at sales@buildingmaterials.co.uk.
Can I reapply for credit if my application is denied?
Yes. If your circumstances change, we will be able to process another credit application.
What happens if I forget to include some documents with my credit application?
You will be contacted by our team who will ask for further details in order to process your application.
Will I be allowed to increase my credit limit?
Yes. Your credit limit can be increased as long as you pass the company credit check. Get in touch with your Trade Account Manager to discuss your situation and a new credit limit that works for you.
When do I need to pay my outstanding invoices if I have a trade credit account?
All invoices should be paid within 30 days of the invoice date.
Will you share my personal data with third parties?
We may share your personal information with third parties such as fraud prevention organisations and credit referencing agencies. This is so we can review your account at any time if a further credit check is needed and a record of this check will be kept.
What happens if I do not pay off my outstanding invoices within 30 days?
We may cancel the contract and suspend any further deliveries if you are not able to make payment. We will also charge you interest both before and after any judgement made based on the Late Payment of Commercial Debts Act 1998 which is 8% plus the Bank of England’s base interest rate.
In some cases, we may have to involve third-party services to recover any debts. With this circumstance, you will be charged 15% of the unpaid amount and the third party will attempt to reclaim the remaining balance.
Will I have to pay legal fees for reclaiming the unpaid balance?
Legal fees incurred to retrieve the unpaid balance will also be charged to you. If you are unable to pay your credit account, you should contact your Trade Account Manager to discuss this.