Articles

Here you'll find relevant and useful articles relating to company credit checks and doing business in these uncertain times. For more articles and up to date views and tips, be sure to visit our blog too...

List of articles

What is meant by Small Claims

The small claims route through the County Courts can be used for disputes where the claim is worth less than £5,000.

What is a Statutory Demand

A statutory demand is a legal procedure to force a creditor to pay amounts due. The power of the statutory demand is that you can follow it up 21 days later with a winding up petition. Statutory demands are a very effective way of forcing companies to pay a debt.

Setting up a credit control system

Every business should operate a credit control system. Whether you only have a handful of customers or a massive sales ledger, the principles are largely the same. The objective of the exercise is to minimise the time from when work is done to cash being collected. This is essential for the running of a successful business.

What is a Credit Score?

Most company credit check reports provide a credit score. A good system will clearly explain the meaning of the score and even provide you with a credit limit.

Why use a company credit check service?

Doing business in the current environment is difficult enough without having to worry about getting paid. For non-retail businesses, where credit is expected by wholesale customers, there is nothing worse than providing goods and services only to end up with a bad debt.