Pay-monthly finance that lets a UK limited company spread the cost of a professionally built website. Here's exactly how it works, in plain English.
Blinki Flex is a way to have Blinki design and build your website now and pay for it in monthly instalments, rather than in one lump sum. It applies to our Built-for-you service. Blinki provides the finance directly - there's no third-party lender involved.
Blinki Flex is offered to UK limited companies only. You'll need a valid Companies House registration number to apply. Because Flex is finance provided to a company (rather than to an individual consumer), it is commercial, business-to-business finance and not a regulated consumer credit agreement - see section 10.
Before we approve finance we check that the company can afford it. With your consent we look at:
This is a check on the company. We do not run a personal credit check on you as an individual. We won't run the check without your explicit consent at the point of application. Companies generally need to have been trading for at least 12 months and to be in good standing to be approved. If we can't approve you, we'll tell you why where we're able to.
Flex is set up under two documents, signed electronically by a company director:
If an instalment is missed, we'll get in touch to sort it out - we'd always rather talk. If payment remains outstanding, statutory interest (8% above the Bank of England base rate) and fixed compensation may apply under the Late Payment of Commercial Debts (Interest) Act 1998, and we follow a series of reminders. Persistent non-payment can lead to your website being suspended on notice, the full outstanding balance becoming immediately due, and, ultimately, recovery action - including under the personal guarantee.
You can cancel a Direct Debit with your bank at any time under the Direct Debit Guarantee. But note: cancelling the Direct Debit does not cancel what you owe. If you cancel it before the balance is cleared, the entire outstanding balance becomes immediately payable.
Until the full price has been paid, the intellectual property in the website remains the property of Blinki, and you use it under licence while your payments are up to date. Once the final instalment clears, all of that intellectual property transfers to your company and the site is yours outright.
Blinki Flex is commercial finance provided to a limited company and is not a regulated consumer credit agreement under the Consumer Credit Act 1974. It is not available to sole traders, partnerships or individuals. The finance agreement is governed by the laws of England and Wales.
Questions about Blinki Flex: hello@blinki.co.uk or 01904 379155. See also our terms of service and refund & cancellation policy.
Ask us what the monthly figure would be on your job before you commit to anything.
