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20.07.2020

How to minimise the risk of slow or non payment

BookCheck Ltd

BookCheck Ltd

Bookkeeper, Payroll Consultant

You really need to check the credit risk. For companies you can do just a little bit of homework on the Companies House website to see:

How long has the company been trading? A start up is less like likely to be a safe bet
Have they filed their accounts on time? Showing a good grasp of their responsibilities
Are there any current insolvency procedures against them
Details of Directors

Using a credit agency will allow you to see several key things, beyond the above, about a company’s financial history, including the accounts. A credit score and suggested credit limit will be shown – it’s then really easy to follow. BookCheck has a score of 96/100 and a suggested credit limit of £37,000. On the other hand some may say “Cash Only”. At BookCheck we extend this checking service to our clients.

#accounts #payment

BookCheck Ltd

BookCheck Ltd

Bookkeeper, Payroll Consultant

We're exclusively focussed on these two services:

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