Credit Control

Cash is King! Every firm has experience of bad debts or slow payment and consequently cash flow problems, probably the biggest single reason for the failure of small firms.

Every business should be aware of how to minimise slow payments and how to take steps to avoid debts that never get paid. Having this knowledge and a sound credit control policy is essential, avoid bad debts rather than try to deal with them.

Consider the following points and contact us to discuss how this might work for your firm. Remember, if you are trading in the Manchester area and have 10 or less staff, this help is free of charge.

DO YOU KNOW…

• How to set up and operate effective credit control procedures.?
• How to recover a debt via the County Court?
• How to minimise the risk of not getting paid?
• That on average, businesses take 90 days to pay for goods/services?
• That it is important to have a set of Terms and Conditions of Trading?
• How to deal with disputed debts?
• How to "credit check" companies before you do business with them?
• That on average, small/medium sized businesses spend over 8 hours a week chasing payment of overdue invoices?
• That unpaid business debts cost small businesses up to £5000 per year on average?
• That, there is free debt recovery/credit control help available via SHV?

Contact us to arrange a free, no obligation appointment with one of our specialist business advisers.