Would you lend money to a stranger? And if so, how much would you be comfortable lending to him? £100, £1000, £20,000?

Most of us would think twice before handing a fiver over, so we are astounded when otherwise sensible business owners provide goods or services to new customers without checking whether the sale will actually be paid for.

Of course, there are some simple, yet time consuming, checks that can be made to offer a degree of reassurance that the sale will equate to money in the bank. However, surprisingly few businesses find the time to make these checks.

Impact OCCS can carry out this work and make a recommendation for a flat fee of £40 per account.

We will:

• Perform a company search through a Credit Referencing Agency
• Investigate the Directors past record with the current and previous companies.
• Report back fully
• Discuss and advise on credit worthiness and suggest credit limits and first order strategy

We also sell these searches in batches of ten and we'd recommend clients have these available. If you do then when you need a quick answer you can just pick up the phone and get it rather than deliberate over whether its worth a one off fee (plus all of your research time!), or worse, skip this discipline and count the cost when your new customer still hasn't paid you.