Did you know that 70% of businesses experience late payment on a regular basis? The average business will lose three customers a year because of distress, insolvency, administration or receivership.
By insuring your commercial transactions, you safeguard against the potentially devastating effects of a loss caused by the insolvency or default of one or more of your customers. In international trade, external factors such as import and trade restrictions can also interfere with the successful completion of your contract of sale. Bad debt protection policies protect you against a wide range of commercial and political risks and can give you a competitive edge.
The benefits of credit insurance include: protection of your balance sheet against bad debts; a boost to your borrowing power; stability of your cash flow; and the confidence to develop new markets both within the UK and internationally.
Contact Now Financial Partners today to protect your business against bad debt: Call 0870 950 3828 or email us now at info@nowfinancialpartners.co.uk
Now Financial Partners is an exemplary professional company; effective, efficient and tenacious. Ultimate finance group plc has worked together with the directors on a number of financial projects for businesses in distress and they are always focused to the extreme, empathetic with the business owners and great thinkers 'outside of the box'.