When is a sale truly a sale?
Figures from the Insolvency Service show that there were over 16,000 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in 2010.
If one of these companies is your customer have you really made that sale you worked so hard for?
How well do you know the companies you do business with and what checks do you make on them?
Some of the main questions you may ask yourself are:
How long has the company been trading?
Have you credit checked them to find out how reliable they are?
Getting some basic information before you begin will help you decide which payment terms and credit limits you can offer, if any, after all a sale is only a sale once you get paid!
We at A & T Business Associates can help ensure you are maximising your business potential by obtaining the right finance products to help maintain your business growth and profitability as well as reducing your risk.
Please contact us now on 01903 602211 or email info@atbusinessassociates.co.uk to arrange a no obligation review.
