Outstanding Accounts
- Apr 6
- 1 min read
With a reduced number of meetings scheduled for 2026, maintaining consistent cash flow is critical to the continued operation and stability of the formula.
As a result, we are tightening and enforcing our invoicing procedures moving forward.
Outstanding Invoices
Any outstanding invoices, these must be cleared within the stated payment terms.
Failure to do so may result in:
Suspension of bookings, entries, or services
Refusal of licence issue or renewal
Ineligibility to race or participate at meetings
Cash on collection of parts.
This will be applied consistently going forward.
Updated Terms & Conditions
Our Invoicing Terms & Conditions have been reviewed and updated.
All drivers and associated parties are expected to read and understand these.
Key points include:
Payment due within 7 days
Late payment charges applied after 14 days
Disputes must be raised within 5 working days
Non-payment may result in suspension or refusal of services and participation
Important
Clearing an outstanding balance does not automatically guarantee:
Licence issue
Entry acceptance
Participation approval
All applications remain subject to approval.
Action Required
Check your account status
Clear any outstanding balances
Read the updated Terms & Conditions in full
This is not optional and will be enforced.