In today's ruthless business environment traditional credit control practices are no longer able to guarantee protection against loss and insolvency. Credit management tools such as Credit Insurance and Factoring have become a key factor in maintaining a company's profitability and protecting its Accounts Receivable. The accounts receivable are usually the most vulnerable aspect of a business regardless of whether the company is an SME or a Large Corporate.

Even the most rigorous and disciplined credit manager might not have been able to predict that the following prominent multinationals would all be faced with bankruptcy:

  • Bank of Credit and Commerce International (BCCI)
  • Barings Bank
  • Daewoo
  • Delphi
  • Enron
  • Equitable Life
  • General Motors Corporation
  • Global Crossing
  • Kmart
  • Lehman Brothers
  • MG Rover
  • Parmalat
  • Sabena Airlines
  • Swiss Air
  • Toys "R" Us
  • United Airlines
  • Woolworths
  • Worldcom

Most businesses insure their plant, their equipment and yet do not insure their Debtors Ledger which represents an average of about 40% of their assets!

Credit insurance and factoring provide you with the cover of one of the most complex areas of your business: your Trade Credit Risks.

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