Peace of Mind

Credit Insurance for Your Business

When was the last time you stopped and asked these important questions?

	Right now, how much money is outstanding on your sales ledger?
	How much do you know about your customers’ ability to pay you?
	Even more importantly... how badly would your business suffer if some of your largest customers failed to make those crucial payments to you? Could it make the difference between failure and survival of your business?

Couldn’t happen to you, or could it? You see, over 50% of all UK insolvencies involve customers who were previously prompt payers. Add to this the possibility that you may have up to 60% of your assets linked to your sales ledger and you start to see the potential problem. What’s more, if you are an average company, each year you’re likely to lose more than 3 of your active customers because of financial distress, insolvency, administration or receivership. (Source: Credit Management Research Centre)

It’s a scary thought but here’s another fact for you. If a customer of yours goes into liquidation, in the vast majority of cases, you won’t get paid a thing... and if you are lucky enough to get something, as a trade creditor it’s usually around 5p in the pound. (Source: Association of Business Recovery Professionals)

If your customers don't pay you - we will.