The Importance of Company Credit Checks

The phrase ‘cash flow is king’, is no less true because of its overuse. Indeed, despite the fact that the government has announced that the UK is out of the recession, it is still vital that all small businesses maintain and manage their cash flow effectively.

From minimizing costs and maintaining healthy product margins, to reducing bad debt and keeping a close eye on your company’s finances there are many ways of maintaining a positive cash flow.

However, just any small business owner should observe the phrase ‘cash flow is king’, they should also take sometime to consider the thought that ‘failing to plan is planning to fail.’ In short, before your business incurs bad debt and you have to dedicate valuable time and resource to getting back the money you are owed, why not run a company credit check on the company you are planning to work with?

What have you got to lose?