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Credit-watch
Credit-watch allows you to monitor any UK companies of your choice and alerts you as soon as a critical event occurs. It also gives a monthly recommended credit guide.
A change may represent good as well as bad news.
What would you do if you received....
Negative news
Reduce a customer's credit line.
Lessen exposure with a supplier.
Exploit a competitor's bad result.
Positive news
Increase a customer's credit line.
Maximise a suppliers contract period and discount option.
Inform marketing of a competitors increased market share.
Alert sales to positive opportunities.
Most companies have 80% of their business stemming from 20% of their customer's, these customers should be placed on Credit-watch as a minimum.
Liase with sales/marketing. Monitor all important competitors and major prospects.
Examples of events covered by Credit-watch:
Critical Business / Press News Meeting of Creditors
New Accounts filed at Companies House Change of Name
New Accounts available Dissolution Notice
Receiver Appointed Termination of Activity
Winding Up Petition Presented Debt placed for collection
County Court Judgement Director Resignation
Change of Registered Address Holding Company Change
Liquidation Ultimate Holding Company Change
Examples:
Message Date : Fri Mar 10, 2000 Message Number : 3519381
Your Reference : TEST1
Registered Number : 01234567
Registered Name : Example Co LTD
Example Co LTD was dissolved under section 652 of the Companies Act 1985 on 07/03/2000
Previous Rating : Recommended Monthly Credit : GBP 5
Current Rating : Recommended Monthly Credit : GBP 0
Previous Risk Category : ABOVE NORMAL RISK
Current Risk Category : HIGH RISK
*** End of message on Example Co LTD
Message Date : Thu Jan 20, 2000 Message Number : 3475805
Your Reference : TEST2
Registered Number : 07654321
Registered Name : EXAMPLE 2 LTD
Public Record Info: County Court Judgment registered on 06/01/2000 against
EXAMPLE 2 LIMITED for GBP 15,647.
Previous Rating : Recommended Monthly Credit : GBP 70,000
Current Rating : Recommended Monthly Credit : GBP 50,000
Previous Risk Category : LOW RISK
Current Risk Category : LOW RISK
*** End of message on EXAMPLE 2 LIMITED
How does Credit-watch work?
A charge is made for each name added to your Credit-watch database. This charge covers the monitoring of your chosen UK company for a 12 month period.
When a company is added you will receive a monthly recommended credit guide.
The company is then monitored for 12 months. We will notify you of any changes that occur at any time plus the latest credit rating.
You will be sent a Credit-watch listing every quarter, detailing companies currently being monitored and the current recommended credit guide.
How much does it cost?
Costs cover 12 months monitoring and include the cost of all messages.
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1-10 company names
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£15.00 each
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11-20 company names
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£12.50 each
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20-50 company names
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£10.00 each
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50 + company names
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£8.00 each |
Please contact us to register - e-mail shicks@brettandrandall.co.uk or call 0116 222 8321.
Business Cash flow Solutions
These services are available for businesses with an annual turnover of over £300,000. Cash flow solutions for the smaller business and the exporter are also available.
These solutions have been designed to suit the requirements of your business. They ensure that you have a regular supply of working capital by converting unpaid invoices into cash.
There are two options available:
Invoice Discounting is suited to businesses that already have an established credit control system in place, and have a proven financial track record.
Sales invoices and credit notes are transmitted via an electronic link.
Up to 80% of unpaid invoices are converted into cash within 24 hours.
Your customers pay the invoice discounter, who then forwards the remaining 20%, less a small fee.
You can request payments faster via an electronic link.
A confidential service may be available to you, which means your customers remain unaware of an invoice discounter's involvement.
Factoring not only gives your business an immediate cash injection, it also frees you from chasing your customers for payment.
Sales invoices and credit notes are transmitted to the invoice discounter via an electronic link.
Up to 85% of unpaid invoices are converted into cash within 24 hours. The remainder, less a small service fee, will be paid when your customers pay.
The factoring company will collect payments for you, prepare and send out statements to your customers and keep professional and detailed accounts of your transactions.
You remain in control, working with the factoring company to ensure your customers are as happy to deal with them as they are with you.
You can have 24-hour access to your customers' accounts with daily on-line reports on payments received and credit information via an electronic link.
Please contact us if you would like further information or a Proposal Form - tel: 0116 222 8321
Brett&Randall 2000
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